ONT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1364%/8h= +149.4% APRnext payment +$6.82 per $10,000 · paid last 24h +0.420%

Price spread now: Bybit against Bitget−0.196%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1191.191% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.360%+$36 on $10k

Price spread, last 4 days (all we have)+0.355%+$36 · spread now −0.196%, 7d avg +0.068%

Together, before fees+0.716%+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.264% cheaper against Bitget than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of +0.068%). If the spread goes back, that is −$26 on $10k: about 15 hours of funding at the current rate (+$41 a day). At the pace of the last 7 days (+0.360% in total) that is about 5.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.360% in total (about 18.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.82 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	Bitget ONTUSDT	0.05624	0.0100	pay 0.0050% / 4h	1h 01m	$814K	$315K	50x
Short	Bybit ONTUSDT	0.05613	0.1464	get 0.0732% / 4h	1h 01m	$798K	$317K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.196%Rate

Funding earned: $286.5
Price spread: −0.196% → +0.068%: −$26.37
Slippage, 4 orders: −$96.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $141.01
Costs to cover: 1.191%
Break-even: 3.6 days

Slippage from Bitget: live order book, 14 min ago; Bybit: live order book, 13 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 Bitget live order book, 14 min ago	0.89 bp	19.5 bp −$20	45.9 bp −$459	doesn't fit	doesn't fit
Sell Bybit live order book, 13 min ago	2.68 bp	38.4 bp −$38	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
Kraken Futures PF_ONTUSD	−0.0403%	1h	0.05629	+0.087%	$9K	$231	10x	as long as short
OKX ONT-USDT-SWAP	−0.0015%	4h	0.05626	+0.036%	$807K	$887K	20x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05628	+0.072%	$27K	$388	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05627	+0.053%	$2.4M	$2.6M	50x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05620	−0.071%	$172K	$60K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05627	+0.053%	$1.5M	$139K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05625	+0.018%	$523K	$50K	30x	as long as short
Bitget ONTUSDTlong	+0.0100%	4h	0.05624	long leg	$814K	$315K	50x
BloFin ONT-USDT	+0.0112%	4h	0.05628	+0.071%	$131K	$26K	50x	as long as short
Variational Omni ONT	+0.1027%	4h	0.05605	−0.334%	$4K	$3K	—	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	+0.1324%	4h	0.05623	−0.018%	—	$2.3M	—	as long as short
Bybit ONTUSDTshort	+0.1464%	4h	0.05613	−0.196%	$798K	$317K	25x