ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.013%

Price spread now: Variational Omni against Bybit+0.466%7-day average +0.033% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.396%−$40 · spread now +0.466%, 7d avg +0.033%

Together, before fees−0.390%+ Points / potential airdropVariational Omni: Active · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.432% dearer against Bybit than usual: you sell high and buy low (spread +0.466% now, against its 7-day average of +0.033%): +$43 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 50 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ONGUSDT	0.08998	0.0100	pay 0.0050% / 4h	2h 41m	$2.4M	$3.0M	20x
Short	Variational Omni ONG	0.09040	0.0071	get 0.0036% / 4h	2h 41m	$131K	$43K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Variational OmnibpOrdersPrice spread, now +0.466%Rate

Funding earned: −$6.04
Price spread: +0.466% → +0.033%: $43.24
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $26.2
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 1 min ago	2.22 bp	49.0 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 8 min ago	5.52 bp	doesn't fit	422.6 bp −$4,226	doesn't fit	doesn't fit

ONG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ONG-USDT	−0.1208%	4h	0.08980	−0.200%	$28K	$37K	20x	as long as short
Extended ONG-USD	−0.0064%	1h	0.08986	−0.139%	$169K	$20K	5x	as long as short
Binance ONGUSDT	−0.0063%	4h	0.08989	−0.100%	$6.3M	$15.6M	50x	as long as short
MEXC ONG_USDT	−0.0062%	4h	0.08989	−0.100%	$9.8M	$413K	20x	as long as short
Variational Omni ONGshort	+0.0071%	4h	0.09040	+0.466%	$131K	$43K	—
Aster ONGUSDT	+0.0100%	1h	0.09000	+0.023%	$70K	$54K	5x	as long as short
Bybit ONGUSDTlong	+0.0100%	4h	0.08998	long leg	$2.4M	$3.0M	20x
Gate ONG_USDT	+0.0100%	4h	0.08997	−0.011%	$351K	$362K	20x	as long as short
Bitget ONGUSDT	+0.0100%	4h	0.08998	0.000%	$1.4M	$1.3M	50x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.08994	−0.044%	—	$1.4M	—	as long as short