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Funding arb · Price arb /

ONG

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC−0.0706%/8h= −77.3% APRpaid last 24h −0.660%
Price spread now: Extended against Variational Omni+0.320%7-day average −0.609% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.118%+$12 on $10k
Price spread, last 4 days (all we have)−1.144%−$114 · spread now +0.320%, 7d avg −0.609%
Together, before fees−1.026%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$103 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.929% dearer against Variational Omni than usual: you sell high and buy low (spread +0.320% now, against its 7-day average of −0.609%): +$93 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 3 days funding on this pair paid +0.118%, 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 0.118% in total (about 12.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ONG0.09083−0.0246get 0.0123% / 4h2h 32m$150K$24K—
ShortExtended ONG-USD0.09112−0.0952pay 0.0119% / 1h32m 12s$172K$18K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$148.32
Price spread: +0.320% → −0.609%
$92.92
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$60.4
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 37 min ago; Extended: live order book, 34 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 37 min ago4.36 bpdoesn't fit439.5 bp −$4,395doesn't fitdoesn't fit
Sell Extended live order book, 34 min ago0.60 bp26.1 bp −$26153.3 bp −$1,533doesn't fitdoesn't fit

ONG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ONG-USDT−0.2349%4h0.09049−0.370%$28K$48K20xas long as short
Gate ONG_USDT−0.1028%4h0.09119+0.401%$369K$346K20xas long as short
Extended ONG-USDshort−0.0952%1h0.09112+0.320%$172K$18K5x
Binance ONGUSDT−0.0952%4h0.09116+0.372%$6.6M$15.1M50xas long as short
MEXC ONG_USDT−0.0950%4h0.09109+0.291%$9.9M$375K20xas long as short
Aster ONGUSDT−0.0592%1h0.09115+0.357%$81K$74K5xas long as short
Bitget ONGUSDT−0.0558%4h0.09107+0.269%$1.4M$1.1M50xas long as short
Bybit ONGUSDT−0.0403%4h0.09109+0.291%$2.5M$2.9M20xas long as short
BingX ONG-USDT−0.0290%4h0.09106+0.258%—$1.4M—as long as short
Variational Omni ONGlong−0.0246%4h0.09083long leg$150K$24K—