Funding you earn now, next payment 04:00 UTC+0.0232%/8h= +25.4% APRnext payment +$1.16 per $10,000 · paid last 24h +0.111%
Price spread now: Bitget against MEXC0.000%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$650.651% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 7 days+0.107%+$11 · spread now 0.000%, 7d avg +0.090%
=Funding pays, the price is against you. Bitget is 0.090% cheaper against MEXC than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.090%). If the spread goes back, that is −$9 on $10k: about 31 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.227% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ONG_USDT | 0.09152 | −0.0276 | get 0.0138% / 4h | 3m 28s | $10.0M | $437K | 20x |
| Short | Bitget ONGUSDT | 0.09152 | −0.0044 | pay 0.0022% / 4h | 3m 28s | $1.4M | $1.2M | 50x |
MEXC ONG_USDT
Bitget ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $48.72
- Price spread: 0.000% → +0.090%
- −$8.98
- Slippage, 4 orders
- −$49.14
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$25.39
- Costs to cover
- 0.651%
- Break-even
- 10.6 days
Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 3 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 | 9.3 bp −$9 | 25.6 bp −$256 | 161.0 bp −$16.1K | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.29 bp | 27.1 bp −$27 | 94.2 bp −$942 | 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 | −0.2093% | 4h | 0.09120 | −0.350% | $28K | $35K | 20x | as long as short |
| Variational Omni ONG | −0.0281% | 4h | 0.09135 | −0.187% | $133K | $42K | — | as long as short |
| Extended ONG-USD | −0.0280% | 1h | 0.09146 | −0.062% | $172K | $20K | 5x | as long as short |
| MEXC ONG_USDTlong | −0.0276% | 4h | 0.09152 | long leg | $10.0M | $437K | 20x | |
| Binance ONGUSDT | −0.0269% | 4h | 0.09153 | +0.010% | $6.5M | $15.5M | 50x | as long as short |
| Gate ONG_USDT | −0.0226% | 4h | 0.09150 | −0.022% | $360K | $361K | 20x | as long as short |
| Bybit ONGUSDT | −0.0209% | 4h | 0.09159 | +0.076% | $2.4M | $2.9M | 20x | as long as short |
| Aster ONGUSDT | −0.0077% | 1h | 0.09149 | −0.032% | $77K | $65K | 5x | as long as short |
| BingX ONG-USDT | −0.0046% | 4h | 0.09155 | +0.033% | — | $1.4M | — | as long as short |
| Bitget ONGUSDTshort | −0.0044% | 4h | 0.09152 | 0.000% | $1.4M | $1.2M | 50x |
HTX ONG-USDT
Variational Omni ONG
Extended ONG-USD
Binance ONGUSDT
Gate ONG_USDT
Bybit ONGUSDT
Aster ONGUSDT
BingX ONG-USDT