ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0746%/8h= +81.7% APRnext payment +$3.73 per $10,000 · paid last 24h +0.269%

Price spread now: Variational Omni against Gate+0.265%7-day average +0.427% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.161%−$16 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.265%, 7d avg +0.427%

Together, before fees−0.242%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.161% cheaper against Gate than usual: you would sell low and buy high (spread +0.265% now, against its 7-day average of +0.427%). If the spread goes back, that is −$16 on $10k: about 17 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 3 days funding on this pair cost −0.161%, 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 -0.161% in total (about -18.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.73 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	0.09043	−0.0646	get 0.0323% / 4h	2h 16m	$367K	$360K	20x
Short	Variational Omni ONG	0.09067	0.0100	get 0.0050% / 4h	2h 16m	$149K	$40K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee Variational OmnibpOrdersPrice spread, now +0.265%Rate

Funding earned: $156.66
Price spread: +0.265% → +0.427%: −$16.12
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $125.54
Costs to cover: 0.150%
Break-even: 1.4 days

Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 7 min ago. Net counts fees only.

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	8.29 bp	54.8 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 7 min ago	3.85 bp	doesn't fit	342.4 bp −$3,424	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	−0.3014%	4h	0.09021	−0.243%	$28K	$94K	20x	as long as short
Extended ONG-USD	−0.1016%	1h	0.09036	−0.081%	$171K	$18K	5x	as long as short
Binance ONGUSDT	−0.1013%	4h	0.09035	−0.088%	$6.7M	$15.6M	50x	as long as short
MEXC ONG_USDT	−0.1012%	4h	0.09038	−0.055%	$9.8M	$386K	20x	as long as short
Bitget ONGUSDT	−0.0718%	4h	0.09042	−0.011%	$1.4M	$1.2M	50x	as long as short
Gate ONG_USDTlong	−0.0646%	4h	0.09043	long leg	$367K	$360K	20x
Aster ONGUSDT	−0.0521%	1h	0.09044	+0.011%	$76K	$100K	5x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09050	+0.077%	$2.5M	$3.2M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09041	−0.022%	—	$1.3M	—	as long as short
Variational Omni ONGshort	+0.0100%	4h	0.09067	+0.265%	$149K	$40K	—