Settings8H · net · $10k
Funding arb · Price arb /

ONG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h +0.287%
Price spread now: Gate against Extended+0.036%7-day average +0.206% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1461.455% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.513%+$51 on $10k
Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.036%, 7d avg +0.206%
Together, before fees+0.661%+ Points / potential airdropExtended: Active · farm board+$66 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.170% cheaper against Extended than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.206%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.513%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ONG-USD0.09102−0.0880get 0.0110% / 1h9m 06s$173K$18K5x
ShortGate ONG_USDT0.09105−0.1024pay 0.0512% / 4h2h 09m$368K$348K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$30.24
Price spread: +0.036% → +0.206%
−$16.96
Slippage, 4 orders
−$125.5
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$192.7
Costs to cover
1.455%
Break-even
never at this rate
Slippage from Extended: live order book, 57 min ago; Gate: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 57 min ago0.60 bp15.0 bp −$1597.4 bp −$974doesn't fitdoesn't fit
Sell Gate live order book, 56 min ago10.36 bp57.7 bp −$58doesn't fitdoesn't fitdoesn't fit

ONG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ONG-USDT−0.2333%4h0.09082−0.216%$28K$44K20xas long as short
Gate ONG_USDTshort−0.1024%4h0.09105+0.036%$368K$348K20x
MEXC ONG_USDT−0.0884%4h0.09106+0.047%$9.9M$377K20xas long as short
Binance ONGUSDT−0.0882%4h0.09097−0.052%$6.6M$14.9M50xas long as short
Extended ONG-USDlong−0.0880%1h0.09102long leg$173K$18K5x
Bybit ONGUSDT−0.0795%4h0.09106+0.047%$2.5M$2.8M20xas long as short
Aster ONGUSDT−0.0578%1h0.09118+0.179%$81K$73K5xas long as short
Bitget ONGUSDT−0.0540%4h0.09105+0.036%$1.4M$1.1M50xas long as short
Variational Omni ONG−0.0470%4h0.09107+0.057%$150K$24Kas long as short
BingX ONG-USDT−0.0378%4h0.09115+0.146%$1.4Mas long as short