ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0390%/8h= −42.7% APRnext payment −$1.95 per $10,000 · paid last 24h −0.091%

Price spread now: MEXC against Gate−0.087%7-day average −0.177% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1141.145% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.315%−$32 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.087%, 7d avg −0.177%

Together, before fees−0.389%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.090% dearer against Gate than usual: you sell high and buy low (spread −0.087% now, against its 7-day average of −0.177%): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.315% in total) that is about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONG_USDT	0.09154	−0.0674	get 0.0337% / 4h	1h 11m	$373K	$355K	20x
Short	MEXC ONG_USDT	0.09146	−0.1064	pay 0.0532% / 4h	1h 11m	$9.9M	$379K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$81.9
Price spread: −0.087% → −0.177%: $9.01
Slippage, 4 orders: −$95.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$187.35
Costs to cover: 1.145%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; MEXC: 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, 4 min ago	9.30 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.55 bp	6.7 bp −$7	36.9 bp −$369	184.0 bp −$18.4K	571.2 bp −$285.6K

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	−0.3449%	4h	0.09092	−0.677%	$29K	$79K	20x	as long as short
Binance ONGUSDT	−0.1065%	4h	0.09154	0.000%	$6.9M	$15.4M	50x	as long as short
Extended ONG-USD	−0.1064%	1h	0.09144	−0.107%	$172K	$18K	5x	as long as short
MEXC ONG_USDTshort	−0.1064%	4h	0.09146	−0.087%	$9.9M	$379K	20x
Bitget ONGUSDT	−0.0748%	4h	0.09153	−0.011%	$1.4M	$1.2M	50x	as long as short
Aster ONGUSDT	−0.0744%	1h	0.09154	+0.004%	$80K	$101K	5x	as long as short
Gate ONG_USDTlong	−0.0674%	4h	0.09154	long leg	$373K	$355K	20x
Bybit ONGUSDT	+0.0100%	4h	0.09168	+0.153%	$2.5M	$3.1M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09152	−0.022%	—	$1.4M	—	as long as short
Variational Omni ONG	+0.0100%	4h	0.09141	−0.138%	$150K	$27K	—	as long as short