ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.36 per $10,000 · paid last 24h +0.546%

Price spread now: Bybit against MEXC+0.055%7-day average +0.357% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 7 days+0.119%+$12 · spread now +0.055%, 7d avg +0.357%

Together, before fees+0.329%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.303% cheaper against MEXC than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.357%). If the spread goes back, that is −$30 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONG_USDT	0.09170	−0.0268	get 0.0134% / 4h	1m 01s	$10.0M	$437K	20x
Short	Bybit ONGUSDT	0.09175	−0.0195	pay 0.0098% / 4h	1m 01s	$2.4M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.055%Rate

Funding earned: $15.25
Price spread: +0.055% → +0.357%: −$30.27
Slippage, 4 orders: −$80.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$110.28
Costs to cover: 0.953%
Break-even: 57.6 days

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 1 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, 2 min ago	0.55 bp	7.2 bp −$7	16.5 bp −$165	159.3 bp −$15.9K	576.0 bp −$288.0K
Sell Bybit live order book, 1 min ago	3.27 bp	42.7 bp −$43	231.6 bp −$2,316	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	−0.2101%	4h	0.09132	−0.414%	$28K	$35K	20x	as long as short
MEXC ONG_USDTlong	−0.0268%	4h	0.09170	long leg	$10.0M	$437K	20x
Extended ONG-USD	−0.0264%	1h	0.09168	−0.017%	$172K	$20K	5x	as long as short
Binance ONGUSDT	−0.0260%	4h	0.09168	−0.022%	$6.6M	$15.5M	50x	as long as short
Variational Omni ONG	−0.0226%	4h	0.09192	+0.244%	$134K	$42K	—	as long as short
Gate ONG_USDT	−0.0214%	4h	0.09180	+0.109%	$361K	$361K	20x	as long as short
Bybit ONGUSDTshort	−0.0195%	4h	0.09175	+0.055%	$2.4M	$2.9M	20x
Aster ONGUSDT	−0.0050%	1h	0.09188	+0.192%	$74K	$66K	5x	as long as short
Bitget ONGUSDT	−0.0036%	4h	0.09173	+0.033%	$1.4M	$1.2M	50x	as long as short
BingX ONG-USDT	−0.0034%	4h	0.09170	0.000%	—	$1.4M	—	as long as short