Settings8H · net · $10k
Funding arb · Price arb /

ONG

all ONG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.1321%/8h= +144.7% APRnext payment +$6.61 per $10,000 · paid last 24h +0.163%
Price spread now: Bitget against HTX−0.143%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.508%+$51 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Bitget is 0.143% cheaper against HTX than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9 hours of funding at the current rate (+$40 a day). At the pace of the last 7 days (+0.508% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.508% in total (about 26.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ONG-USDT0.09075−0.2109get 0.1055% / 4h3h 46m$28K$62K20x
ShortBitget ONGUSDT0.09062−0.0788pay 0.0394% / 4h3h 46m$1.4M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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

Funding earned
$277.51
Price spread: −0.143% → 0.000%
−$14.33
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
$239.19
Costs to cover
0.240%
Break-even
1.0 days
Slippage unknown: HTX: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Bitget live order book, 5 min ago5.53 bp24.2 bp −$24112.5 bp −$1,125doesn't fitdoesn't fit
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ONG-USDTlong−0.2109%4h0.09075long leg$28K$62K20x
MEXC ONG_USDT−0.1164%4h0.09063−0.132%$9.8M$380K20xas long as short
Binance ONGUSDT−0.1160%4h0.09066−0.099%$6.7M$15.0M50xas long as short
Extended ONG-USD−0.1160%1h0.09060−0.165%$172K$18K5xas long as short
Gate ONG_USDT−0.1148%4h0.09084+0.099%$369K$335K20xas long as short
Aster ONGUSDT−0.0916%1h0.09069−0.067%$82K$82K5xas long as short
Bitget ONGUSDTshort−0.0788%4h0.09062−0.143%$1.4M$1.1M50x
Variational Omni ONG+0.0033%4h0.09054−0.230%$150K$25Kas long as short
Bybit ONGUSDT+0.0100%4h0.09088+0.143%$2.5M$3.0M20xas long as short
BingX ONG-USDT+0.0100%4h0.09078+0.033%$1.4Mas long as short