Funding arb · Price arb /

ONT

all ONT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.014%

Price spread now: Kraken Futures against Bitget+0.075%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.075% dearer against Bitget than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONTUSDT	0.05655	0.0100	pay 0.0050% / 4h	3h 16m	$801K	$337K	50x
Short	Kraken Futures PF_ONTUSD	0.05659	0.0000	get 0.0000% / 1h	16m 55s	$9K	$236	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$21
Price spread: +0.075% → 0.000%: $7.53
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$35.47
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 54 min ago; Kraken Futures: no order-book sample. 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 Bitget live order book, 54 min ago	1.78 bp	13.2 bp −$13	48.7 bp −$487	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_ONTUSDshort	0.0000%	1h	0.05659	+0.075%	$9K	$236	10x
BloFin ONT-USDT	+0.0057%	4h	0.05663	+0.141%	$131K	$23K	50x	as long as short
OKX ONT-USDT-SWAP	+0.0099%	4h	0.05653	−0.035%	$800K	$890K	20x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05663	+0.143%	$27K	$388	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05657	+0.031%	$2.4M	$2.6M	50x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05660	+0.088%	$176K	$58K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05657	+0.035%	$1.5M	$152K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05655	0.000%	$526K	$45K	30x	as long as short
Bitget ONTUSDTlong	+0.0100%	4h	0.05655	long leg	$801K	$337K	50x
Variational Omni ONT	+0.1202%	4h	0.05648	−0.131%	$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	+0.1762%	4h	0.05655	0.000%	—	$2.3M	—	as long as short
Bybit ONTUSDT	+0.1874%	4h	0.05652	−0.053%	$803K	$316K	25x	as long as short