ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1089%/8h= −119.2% APRnext payment −$5.44 per $10,000 · paid last 24h −0.512%

Price spread now: Binance against Variational Omni+0.015%7-day average −0.600% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.260%+$26 on $10k

Price spread, last 3 days (all we have)−0.293%−$29 · spread now +0.015%, 7d avg −0.600%

Together, before fees−0.033%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.615% dearer against Variational Omni than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.600%): +$61 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 3 days funding on this pair paid +0.260%, 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 0.260% in total (about 28.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.44 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	Variational Omni ONG	0.09146	−0.0040	get 0.0020% / 4h	3h 20m	$151K	$25K	—
Short	Binance ONGUSDT	0.09147	−0.1129	pay 0.0564% / 4h	3h 20m	$6.7M	$14.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: −$228.64
Price spread: +0.015% → −0.600%: $61.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$177.18
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Binance: live order book, 5 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, 54 min ago	4.35 bp	doesn't fit	443.5 bp −$4,435	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.55 bp	16.2 bp −$16	38.4 bp −$384	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	−0.3532%	4h	0.09102	−0.481%	$28K	$55K	20x	as long as short
MEXC ONG_USDT	−0.1138%	4h	0.09148	+0.022%	$10.0M	$396K	20x	as long as short
Binance ONGUSDTshort	−0.1129%	4h	0.09147	+0.015%	$6.7M	$14.9M	50x
Extended ONG-USD	−0.1128%	1h	0.09151	+0.050%	$173K	$18K	5x	as long as short
Aster ONGUSDT	−0.1030%	1h	0.09148	+0.022%	$82K	$82K	5x	as long as short
Gate ONG_USDT	−0.0988%	4h	0.09154	+0.088%	$375K	$341K	20x	as long as short
Bitget ONGUSDT	−0.0732%	4h	0.09150	+0.044%	$1.4M	$1.1M	50x	as long as short
BingX ONG-USDT	−0.0180%	4h	0.09147	+0.011%	—	$1.4M	—	as long as short
Variational Omni ONGlong	−0.0040%	4h	0.09146	long leg	$151K	$25K	—
Bybit ONGUSDT	−0.0016%	4h	0.09160	+0.153%	$2.6M	$2.9M	20x	as long as short