ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.67 per $10,000 · paid last 24h −0.020%

Price spread now: Bitget against Gate−0.099%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1601.602% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.099%, 7d avg −0.057%

Together, before fees−0.148%−$15 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 Bitget is 0.042% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONG_USDT	0.09100	−0.0536	get 0.0268% / 4h	1h 39m	$370K	$353K	20x
Short	Bitget ONGUSDT	0.09091	−0.0670	pay 0.0335% / 4h	1h 39m	$1.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$28.14
Price spread: −0.099% → −0.057%: −$4.23
Slippage, 4 orders: −$133.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$192.62
Costs to cover: 1.602%
Break-even: never at this rate

Slippage from Gate: live order book, 41 min ago; Bitget: live order book, 2 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, 41 min ago	8.29 bp	54.8 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.10 bp	15.5 bp −$16	85.1 bp −$851	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	−0.3285%	4h	0.09060	−0.440%	$29K	$85K	20x	as long as short
MEXC ONG_USDT	−0.1002%	4h	0.09092	−0.088%	$9.9M	$376K	20x	as long as short
Binance ONGUSDT	−0.1002%	4h	0.09091	−0.097%	$6.8M	$15.4M	50x	as long as short
Extended ONG-USD	−0.1000%	1h	0.09091	−0.096%	$172K	$18K	5x	as long as short
Bitget ONGUSDTshort	−0.0670%	4h	0.09091	−0.099%	$1.4M	$1.2M	50x
Aster ONGUSDT	−0.0580%	1h	0.09103	+0.029%	$78K	$100K	5x	as long as short
Gate ONG_USDTlong	−0.0536%	4h	0.09100	long leg	$370K	$353K	20x
Bybit ONGUSDT	+0.0100%	4h	0.09117	+0.187%	$2.5M	$3.2M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09104	+0.044%	—	$1.4M	—	as long as short
Variational Omni ONG	+0.0100%	4h	0.09101	+0.010%	$149K	$31K	—	as long as short