ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0816%/8h= −89.4% APRnext payment −$4.08 per $10,000 · paid last 24h −0.269%

Price spread now: Gate against Variational Omni−0.117%7-day average −0.420% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.161%+$16 on $10k

Price spread, last 3 days (all we have)−0.105%−$11 · spread now −0.117%, 7d avg −0.420%

Together, before fees+0.056%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.303% dearer against Variational Omni than usual: you sell high and buy low (spread −0.117% now, against its 7-day average of −0.420%): +$30 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 3 days funding on this pair paid +0.161%, 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 0.161% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.08 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	0.09175	0.0100	pay 0.0050% / 4h	1h 01m	$150K	$26K	—
Short	Gate ONG_USDT	0.09164	−0.0716	pay 0.0358% / 4h	1h 01m	$373K	$358K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.117%Rate

Funding earned: −$171.36
Price spread: −0.117% → −0.420%: $30.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$156.05
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 17 min ago; Gate: 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 Gate live order book, 14 min ago	9.30 bp	49.7 bp −$50	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	−0.3518%	4h	0.09124	−0.553%	$29K	$76K	20x	as long as short
Binance ONGUSDT	−0.1096%	4h	0.09163	−0.125%	$6.9M	$15.3M	50x	as long as short
Extended ONG-USD	−0.1096%	1h	0.09161	−0.145%	$173K	$18K	5x	as long as short
MEXC ONG_USDT	−0.1096%	4h	0.09162	−0.139%	$10.0M	$380K	20x	as long as short
Aster ONGUSDT	−0.0832%	1h	0.09171	−0.045%	$80K	$101K	5x	as long as short
Bitget ONGUSDT	−0.0808%	4h	0.09168	−0.074%	$1.4M	$1.2M	50x	as long as short
Gate ONG_USDTshort	−0.0716%	4h	0.09164	−0.117%	$373K	$358K	20x
Bybit ONGUSDT	+0.0100%	4h	0.09183	+0.090%	$2.5M	$3.1M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09170	−0.052%	—	$1.4M	—	as long as short
Variational Omni ONGlong	+0.0100%	4h	0.09175	long leg	$150K	$26K	—