ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1219%/8h= +133.5% APRnext payment +$6.10 per $10,000 · paid last 24h +0.360%

Price spread now: Variational Omni against MEXC+0.052%7-day average +0.595% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.302%−$30 on $10k

Price spread, last 3 days (all we have)+0.220%+$22 · spread now +0.052%, 7d avg +0.595%

Together, before fees−0.081%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.543% cheaper against MEXC than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.595%). If the spread goes back, that is −$54 on $10k: about 36 hours of funding at the current rate (+$37 a day). Mind the row above: over the last 3 days funding on this pair cost −0.302%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.302% in total (about -33.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.10 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	0.09172	−0.1144	get 0.0572% / 4h	4m 51s	$9.9M	$379K	20x
Short	Variational Omni ONG	0.09177	0.0075	get 0.0038% / 4h	4m 51s	$152K	$25K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.052%Rate

Funding earned: $256.06
Price spread: +0.052% → +0.595%: −$54.34
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $197.72
Costs to cover: 0.040%
Break-even: 1.6 days

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 9 min ago. Net counts fees only.

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, 3 min ago	0.55 bp	4.1 bp −$4	39.7 bp −$397	161.6 bp −$16.2K	560.4 bp −$280.2K
Sell Variational Omni RFQ quote, 9 min ago	4.35 bp	doesn't fit	335.9 bp −$3,359	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	−0.3472%	4h	0.09147	−0.273%	$29K	$69K	20x	as long as short
Extended ONG-USD	−0.1160%	1h	0.09173	+0.008%	$174K	$18K	5x	as long as short
Binance ONGUSDT	−0.1158%	4h	0.09182	+0.109%	$6.9M	$15.5M	50x	as long as short
MEXC ONG_USDTlong	−0.1144%	4h	0.09172	long leg	$9.9M	$379K	20x
Gate ONG_USDT	−0.0878%	4h	0.09166	−0.065%	$373K	$348K	20x	as long as short
Aster ONGUSDT	−0.0870%	1h	0.09186	+0.156%	$83K	$100K	5x	as long as short
Bitget ONGUSDT	−0.0814%	4h	0.09171	−0.011%	$1.4M	$1.2M	50x	as long as short
Variational Omni ONGshort	+0.0075%	4h	0.09177	+0.052%	$152K	$25K	—
Bybit ONGUSDT	+0.0100%	4h	0.09202	+0.327%	$2.6M	$3.1M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09182	+0.109%	—	$1.4M	—	as long as short