Funding arb · Price arb /

ONG

all ONG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0901%/8h= −98.7% APRpaid last 24h −0.235%

Price spread now: Aster against Variational Omni−0.097%7-day average −0.529% · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.128%+$13 on $10k

Price spread, last 3 days (all we have)−0.210%−$21 · spread now −0.097%, 7d avg −0.529%

Together, before fees−0.082%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.432% dearer against Variational Omni than usual: you sell high and buy low (spread −0.097% now, against its 7-day average of −0.529%): +$43 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 3 days funding on this pair paid +0.128%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.128% in total (about 14.2% a year). A funding rate is set anew for every payment. 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	Variational Omni ONG	0.09175	0.0100	pay 0.0050% / 4h	1h 01m	$150K	$26K	—
Short	Aster ONGUSDT	0.09166	−0.0801	pay 0.0100% / 1h	1m 53s	$80K	$101K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$189.2
Price spread: −0.097% → −0.529%: $43.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$153.95
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 17 min ago; Aster: live order book, 14 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 Variational Omni RFQ quote, 17 min ago	6.03 bp	doesn't fit	510.3 bp −$5,103	doesn't fit	doesn't fit
Sell Aster live order book, 14 min ago	3.83 bp	29.0 bp −$29	475.9 bp −$4,759	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	−0.3518%	4h	0.09124	−0.553%	$29K	$76K	20x	as long as short
Binance ONGUSDT	−0.1096%	4h	0.09157	−0.190%	$6.9M	$15.3M	50x	as long as short
Extended ONG-USD	−0.1096%	1h	0.09157	−0.194%	$173K	$18K	5x	as long as short
MEXC ONG_USDT	−0.1088%	4h	0.09158	−0.183%	$10.0M	$380K	20x	as long as short
Aster ONGUSDTshort	−0.0801%	1h	0.09166	−0.097%	$80K	$101K	5x
Bitget ONGUSDT	−0.0798%	4h	0.09161	−0.150%	$1.4M	$1.2M	50x	as long as short
Gate ONG_USDT	−0.0710%	4h	0.09165	−0.106%	$373K	$357K	20x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09178	+0.035%	$2.5M	$3.1M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09165	−0.106%	—	$1.4M	—	as long as short
Variational Omni ONGlong	+0.0100%	4h	0.09175	long leg	$150K	$26K	—