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

ONG

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.1203%/8h= +131.7% APRpaid last 24h +0.830%
Price spread now: Variational Omni against Extended+0.024%7-day average +0.622% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.131%−$13 on $10k
Price spread, last 3 days (all we have)+0.275%+$28 · spread now +0.024%, 7d avg +0.622%
Together, before fees+0.144%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.598% cheaper against Extended than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.622%). If the spread goes back, that is −$60 on $10k: about 40 hours of funding at the current rate (+$36 a day). Mind the row above: over the last 3 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.131% in total (about -14.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ONG-USD0.09077−0.1160get 0.0145% / 1h42m 29s$172K$18K5x
ShortVariational Omni ONG0.090790.0043get 0.0021% / 4h3h 42m$150K$25K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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

Funding earned
$252.61
Price spread: +0.024% → +0.622%
−$59.79
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$187.82
Costs to cover
0.050%
Break-even
1.8 days
Slippage unknown: Extended: live order book, 29 min ago; Variational Omni: RFQ quote, 31 min ago. Net counts fees only.

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, 29 min ago0.60 bp17.5 bp −$17112.5 bp −$1,125doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 31 min ago4.35 bpdoesn't fit335.9 bp −$3,359doesn'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−0.2997%4h0.09040−0.407%$28K$61K20xas long as short
Gate ONG_USDT−0.1232%4h0.09088+0.122%$371K$338K20xas long as short
Binance ONGUSDT−0.1167%4h0.09085+0.089%$6.7M$15.0M50xas long as short
MEXC ONG_USDT−0.1162%4h0.09078+0.012%$9.8M$381K20xas long as short
Extended ONG-USDlong−0.1160%1h0.09077long leg$172K$18K5x
Aster ONGUSDT−0.0982%1h0.09076−0.007%$82K$82K5xas long as short
Bitget ONGUSDT−0.0780%4h0.09086+0.100%$1.4M$1.1M50xas long as short
Bybit ONGUSDT−0.0456%4h0.09093+0.177%$2.5M$3.0M20xas long as short
Variational Omni ONGshort+0.0043%4h0.09079+0.024%$150K$25K
BingX ONG-USDT+0.0100%4h0.09078+0.012%$1.4Mas long as short