ONT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1177%/8h= +128.8% APRnext payment +$5.88 per $10,000 · paid last 24h +0.521%

Price spread now: Bybit against Binance−0.089%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1101.104% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.433%+$43 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now −0.089%, 7d avg −0.012%

Together, before fees+0.610%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.077% cheaper against Binance than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.012%). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.433% in total) that is about 30 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.433% in total (about 22.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.88 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	Binance ONTUSDT	0.05611	0.0100	pay 0.0050% / 4h	1h 03m	$2.4M	$2.7M	50x
Short	Bybit ONTUSDT	0.05606	0.1277	get 0.0638% / 4h	1h 03m	$796K	$322K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.089%Rate

Funding earned: $247.11
Price spread: −0.089% → −0.012%: −$7.75
Slippage, 4 orders: −$89.38
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $128.98
Costs to cover: 1.104%
Break-even: 3.3 days

Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 36 min ago.

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 Binance live order book, 1 min ago	0.89 bp	20.7 bp −$21	70.9 bp −$709	8169.3 bp −$816.9K	doesn't fit
Sell Bybit live order book, 36 min ago	1.79 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit

ONT on 12 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
OKX ONT-USDT-SWAP	+0.0091%	4h	0.05606	−0.089%	$784K	$913K	20x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05615	+0.064%	$27K	$161	5x	as long as short
Binance ONTUSDTlong	+0.0100%	4h	0.05611	long leg	$2.4M	$2.7M	50x
Gate ONT_USDT	+0.0100%	4h	0.05608	−0.053%	$172K	$59K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05610	−0.018%	$1.4M	$153K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05619	+0.143%	$516K	$38K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05605	−0.107%	$796K	$279K	50x	as long as short
BloFin ONT-USDT	+0.0133%	4h	0.05623	+0.214%	$128K	$15K	50x	as long as short
Variational Omni ONT	+0.0756%	4h	0.05614	+0.045%	$4K	$3K	—	as long as short
Kraken Futures PF_ONTUSD	+0.0956%	1h	0.05611	+0.004%	$9K	$395	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ONT-USDT	+0.1190%	4h	0.05610	−0.018%	—	$2.3M	—	as long as short
Bybit ONTUSDTshort	+0.1277%	4h	0.05606	−0.089%	$796K	$322K	25x