ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0628%/8h= +68.8% APRnext payment +$3.14 per $10,000 · paid last 24h +0.401%

Price spread now: Bybit against Gate0.000%7-day average +0.350% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1581.579% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now 0.000%, 7d avg +0.350%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.350% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.350%). If the spread goes back, that is −$35 on $10k: about 45 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.108%, 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 7 days it paid -0.108% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONG_USDT	0.09097	−0.1064	get 0.0532% / 4h	2h 33m	$368K	$346K	20x
Short	Bybit ONGUSDT	0.09097	−0.0436	pay 0.0218% / 4h	2h 33m	$2.5M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $131.85
Price spread: 0.000% → +0.350%: −$35
Slippage, 4 orders: −$131.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.05
Costs to cover: 1.579%
Break-even: 10.2 days

Slippage from Gate: live order book, 32 min ago; Bybit: live order book, 4 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, 32 min ago	10.36 bp	46.6 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.55 bp	17.8 bp −$18	396.9 bp −$3,969	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	−0.2358%	4h	0.09092	−0.055%	$28K	$49K	20x	as long as short
Gate ONG_USDTlong	−0.1064%	4h	0.09097	long leg	$368K	$346K	20x
Extended ONG-USD	−0.0968%	1h	0.09094	−0.035%	$172K	$18K	5x	as long as short
MEXC ONG_USDT	−0.0964%	4h	0.09086	−0.121%	$9.9M	$374K	20x	as long as short
Binance ONGUSDT	−0.0952%	4h	0.09091	−0.066%	$6.6M	$15.1M	50x	as long as short
Aster ONGUSDT	−0.0592%	1h	0.09102	+0.055%	$81K	$74K	5x	as long as short
Bitget ONGUSDT	−0.0560%	4h	0.09076	−0.231%	$1.4M	$1.1M	50x	as long as short
Bybit ONGUSDTshort	−0.0436%	4h	0.09097	0.000%	$2.5M	$2.9M	20x
BingX ONG-USDT	−0.0318%	4h	0.09098	+0.011%	—	$1.4M	—	as long as short
Variational Omni ONG	−0.0246%	4h	0.09083	−0.158%	$150K	$24K	—	as long as short