Funding you earn now, next payment 00:00 UTC+0.1222%/8h= +133.8% APRnext payment +$6.11 per $10,000 · paid last 24h +0.112%
Price spread now: BingX against MEXC+0.054%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days+0.620%+$62 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now +0.054%, 7d avg +0.117%
=Funding pays, the price is against you. BingX is 0.062% cheaper against MEXC than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.117%). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.620% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.620% in total (about 32.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.11 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 | MEXC ONG_USDT | 0.09185 | −0.1122 | get 0.0561% / 4h | 54m 28s | $10.0M | $371K | 20x |
| Short | BingX ONG-USDT | 0.09190 | 0.0100 | get 0.0050% / 4h | 54m 28s | — | $1.4M | — |
MEXC ONG_USDT
BingX ONG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $256.62
- Price spread: +0.054% → +0.117%
- −$6.25
- Slippage, 4 orders
- −$34.45
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $201.93
- Costs to cover
- 0.484%
- Break-even
- 1.5 days
Slippage from MEXC: live order book, 9 min ago; BingX: 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, 9 min ago | 1.09 bp | 7.6 bp −$8 | 27.3 bp −$273 | 178.8 bp −$17.9K | doesn't fit |
| Sell BingX live order book, 2 min ago | 2.72 bp | 17.0 bp −$17 | 42.0 bp −$420 | 263.1 bp −$26.3K | 488.4 bp −$244.2K |
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 | −0.3560% | 4h | 0.09160 | −0.272% | $29K | $75K | 20x | as long as short |
| Binance ONGUSDT | −0.1122% | 4h | 0.09191 | +0.065% | $6.9M | $15.3M | 50x | as long as short |
| MEXC ONG_USDTlong | −0.1122% | 4h | 0.09185 | long leg | $10.0M | $371K | 20x | |
| Extended ONG-USD | −0.1120% | 1h | 0.09183 | −0.019% | $173K | $18K | 5x | as long as short |
| Aster ONGUSDT | −0.0880% | 1h | 0.09191 | +0.060% | $80K | $99K | 5x | as long as short |
| Bitget ONGUSDT | −0.0844% | 4h | 0.09194 | +0.098% | $1.4M | $1.2M | 50x | as long as short |
| Gate ONG_USDT | −0.0770% | 4h | 0.09188 | +0.033% | $375K | $336K | 20x | as long as short |
| Bybit ONGUSDT | +0.0100% | 4h | 0.09201 | +0.174% | $2.6M | $3.1M | 20x | as long as short |
| BingX ONG-USDTshort | +0.0100% | 4h | 0.09190 | +0.054% | — | $1.4M | — | |
| Variational Omni ONG | +0.0100% | 4h | 0.09198 | +0.143% | $151K | $26K | — | as long as short |
HTX ONG-USDT
Binance ONGUSDT
Extended ONG-USD
Aster ONGUSDT
Bitget ONGUSDT
Gate ONG_USDT
Bybit ONGUSDT
Variational Omni ONG