ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against MEXC+0.020%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.020%, 7d avg −0.006%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.026% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONG_USDT	0.09077	−0.1000	get 0.0500% / 4h	1h 38m	$9.9M	$376K	20x
Short	Binance ONGUSDT	0.09079	−0.1002	pay 0.0501% / 4h	1h 38m	$6.8M	$15.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$0.35
Price spread: +0.020% → −0.006%: $2.61
Slippage, 4 orders: −$28.51
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.25
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Binance: 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 MEXC live order book, 5 min ago	0.55 bp	9.5 bp −$10	38.8 bp −$388	127.8 bp −$12.8K	530.1 bp −$265.0K
Sell Binance live order book, 2 min ago	0.55 bp	16.7 bp −$17	52.0 bp −$520	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	−0.3297%	4h	0.09060	−0.187%	$29K	$84K	20x	as long as short
Binance ONGUSDTshort	−0.1002%	4h	0.09079	+0.020%	$6.8M	$15.4M	50x
Extended ONG-USD	−0.1000%	1h	0.09085	+0.089%	$172K	$18K	5x	as long as short
MEXC ONG_USDTlong	−0.1000%	4h	0.09077	long leg	$9.9M	$376K	20x
Bitget ONGUSDT	−0.0674%	4h	0.09082	+0.055%	$1.4M	$1.2M	50x	as long as short
Aster ONGUSDT	−0.0581%	1h	0.09092	+0.167%	$78K	$100K	5x	as long as short
Gate ONG_USDT	−0.0552%	4h	0.09089	+0.132%	$370K	$353K	20x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09099	+0.242%	$2.5M	$3.2M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09090	+0.143%	—	$1.4M	—	as long as short
Variational Omni ONG	+0.0100%	4h	0.09101	+0.264%	$149K	$31K	—	as long as short