Settings8H · net · $10k
Funding arb · Price arb /

ONT

all ONT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.2155%/8h= −236.0% APRnext payment $10.77 per $10,000 · paid last 24h −0.410%
Price spread now: BloFin against BingX+0.018%81s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$700.699% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.416%−$42 on $10k
Price spread, last 3 days (all we have)+0.305%+$31 · spread now +0.018%, 7d avg +0.010%
Together, before fees−0.111%−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$65 a day on $10k at the current rate. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.416% in total (about -21.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $10.77 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ONT-USDT0.055960.2252pay 0.1126% / 4h2h 45m$2.3M
ShortBloFin ONT-USDT0.055970.0097get 0.0049% / 4h2h 45m$132K$25K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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

Funding earned
−$452.55
Price spread: +0.018% → +0.010%
$0.75
Slippage, 4 orders
−$47.91
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$521.71
Costs to cover
0.699%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago5.36 bp20.7 bp −$2149.8 bp −$498522.3 bp −$52.2K978.6 bp −$489.3K
Sell BloFin live order book, 34 min ago0.89 bp14.0 bp −$1432.0 bp −$320doesn't fitdoesn't fit

ONT on 12 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
Kraken Futures PF_ONTUSD−0.0088%1h0.05600+0.069%$9K$23110xas long as short
BloFin ONT-USDTshort+0.0097%4h0.05597+0.018%$132K$25K50x
Aster ONTUSDT+0.0100%4h0.05606+0.180%$26K$3885xas long as short
Binance ONTUSDT+0.0100%4h0.05603+0.125%$2.4M$2.7M50xas long as short
OKX ONT-USDT-SWAP+0.0100%4h0.055960.000%$802K$870K20xas long as short
Gate ONT_USDT+0.0100%4h0.05602+0.107%$172K$60K50xas long as short
MEXC ONT_USDT+0.0100%4h0.05601+0.089%$1.4M$137K50xas long as short
KuCoin ONTUSDTM+0.0100%4h0.05598+0.036%$521K$54K30xas long as short
Bitget ONTUSDT+0.0100%4h0.05598+0.036%$805K$323K50xas long as short
Variational Omni ONT+0.1951%4h0.05582−0.250%$4K$3Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ONTUSDT+0.2152%4h0.05586−0.179%$797K$319K25xas long as short
BingX ONT-USDTlong+0.2252%4h0.05596long leg$2.3M