Funding arb · Price arb /

ONG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0355%/8h= +38.8% APRpaid last 24h +0.069%

Price spread now: Aster against MEXC+0.123%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aster is 0.123% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment. 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	MEXC ONG_USDT	0.09083	−0.0946	get 0.0473% / 4h	2h 30m	$9.9M	$375K	20x
Short	Aster ONGUSDT	0.09094	−0.0591	pay 0.0074% / 1h	30m 30s	$81K	$74K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.123%Rate

Funding earned: $74.49
Price spread: +0.123% → 0.000%: $12.26
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: $74.76
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 min ago; Aster: no order-book sample. 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 MEXC live order book, 3 min ago	0.55 bp	9.8 bp −$10	46.1 bp −$461	172.7 bp −$17.3K	551.8 bp −$275.9K
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ONG-USDT	−0.2359%	4h	0.09067	−0.176%	$28K	$48K	20x	as long as short
Gate ONG_USDT	−0.1038%	4h	0.09091	+0.088%	$368K	$346K	20x	as long as short
MEXC ONG_USDTlong	−0.0946%	4h	0.09083	long leg	$9.9M	$375K	20x
Extended ONG-USD	−0.0944%	1h	0.09082	−0.015%	$172K	$18K	5x	as long as short
Binance ONGUSDT	−0.0938%	4h	0.09087	+0.044%	$6.6M	$15.1M	50x	as long as short
Aster ONGUSDTshort	−0.0591%	1h	0.09094	+0.123%	$81K	$74K	5x
Bitget ONGUSDT	−0.0548%	4h	0.09086	+0.033%	$1.4M	$1.1M	50x	as long as short
Bybit ONGUSDT	−0.0409%	4h	0.09096	+0.143%	$2.5M	$2.9M	20x	as long as short
BingX ONG-USDT	−0.0290%	4h	0.09093	+0.110%	—	$1.4M	—	as long as short
Variational Omni ONG	−0.0264%	4h	0.09095	+0.128%	$151K	$24K	—	as long as short