ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0266%/8h= +29.1% APRnext payment +$1.33 per $10,000 · paid last 24h +0.091%

Price spread now: Gate against MEXC+0.142%7-day average +0.175% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1101.100% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$32 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.142%, 7d avg +0.175%

Together, before fees+0.332%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.033% cheaper against MEXC than usual: you would sell low and buy high (spread +0.142% now, against its 7-day average of +0.175%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONG_USDT	0.09160	−0.1144	get 0.0572% / 4h	6m 52s	$9.9M	$379K	20x
Short	Gate ONG_USDT	0.09173	−0.0878	pay 0.0439% / 4h	6m 52s	$372K	$343K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.142%Rate

Funding earned: $55.86
Price spread: +0.142% → +0.175%: −$3.27
Slippage, 4 orders: −$91
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.41
Costs to cover: 1.100%
Break-even: 14.2 days

Slippage from MEXC: live order book, 1 min ago; Gate: 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, 1 min ago	0.55 bp	4.1 bp −$4	39.7 bp −$397	161.6 bp −$16.2K	560.4 bp −$280.2K
Sell Gate live order book, 3 min ago	9.82 bp	55.6 bp −$56	doesn't fit	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	−0.3477%	4h	0.09140	−0.218%	$29K	$69K	20x	as long as short
Binance ONGUSDT	−0.1145%	4h	0.09162	+0.022%	$6.9M	$15.5M	50x	as long as short
Extended ONG-USD	−0.1144%	1h	0.09159	−0.013%	$174K	$18K	5x	as long as short
MEXC ONG_USDTlong	−0.1144%	4h	0.09160	long leg	$9.9M	$379K	20x
Gate ONG_USDTshort	−0.0878%	4h	0.09173	+0.142%	$372K	$343K	20x
Aster ONGUSDT	−0.0849%	1h	0.09195	+0.381%	$83K	$100K	5x	as long as short
Bitget ONGUSDT	−0.0808%	4h	0.09160	0.000%	$1.4M	$1.2M	50x	as long as short
Variational Omni ONG	+0.0090%	4h	0.09174	+0.155%	$152K	$25K	—	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09181	+0.229%	$2.6M	$3.1M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09172	+0.131%	—	$1.4M	—	as long as short