ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.139%

Price spread now: Binance against Gate−0.131%7-day average −0.183% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1331.328% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.297%−$30 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.131%, 7d avg −0.183%

Together, before fees−0.410%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.051% dearer against Gate than usual: you sell high and buy low (spread −0.131% now, against its 7-day average of −0.183%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.297% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONG_USDT	0.09145	−0.0238	get 0.0119% / 4h	5m 03s	$360K	$360K	20x
Short	Binance ONGUSDT	0.09133	−0.0286	pay 0.0143% / 4h	5m 03s	$6.5M	$15.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now −0.131%Rate

Funding earned: −$10.16
Price spread: −0.131% → −0.183%: $5.13
Slippage, 4 orders: −$107.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$137.79
Costs to cover: 1.328%
Break-even: never at this rate

Slippage from Gate: live order book, 50 min ago; Binance: live order book, 6 min ago.

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 Gate live order book, 50 min ago	8.71 bp	51.6 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.09 bp	18.1 bp −$18	48.0 bp −$480	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	−0.2097%	4h	0.09120	−0.273%	$28K	$35K	20x	as long as short
Extended ONG-USD	−0.0288%	1h	0.09130	−0.160%	$172K	$20K	5x	as long as short
Binance ONGUSDTshort	−0.0286%	4h	0.09133	−0.131%	$6.5M	$15.5M	50x
MEXC ONG_USDT	−0.0286%	4h	0.09138	−0.077%	$10.0M	$436K	20x	as long as short
Variational Omni ONG	−0.0281%	4h	0.09135	−0.110%	$133K	$42K	—	as long as short
Gate ONG_USDTlong	−0.0238%	4h	0.09145	long leg	$360K	$360K	20x
Bybit ONGUSDT	−0.0230%	4h	0.09140	−0.055%	$2.4M	$2.9M	20x	as long as short
Aster ONGUSDT	−0.0111%	1h	0.09135	−0.112%	$77K	$65K	5x	as long as short
Bitget ONGUSDT	−0.0054%	4h	0.09138	−0.077%	$1.4M	$1.2M	50x	as long as short
BingX ONG-USDT	−0.0046%	4h	0.09135	−0.109%	—	$1.4M	—	as long as short