Funding you earn now, next payment 00:00 UTC−0.1514%/8h= −165.8% APRnext payment −$7.57 per $10,000 · paid last 24h −0.420%
Price spread now: Bitget against Bybit+0.214%7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1461.462% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 4 days (all we have)−0.374%−$37 · spread now +0.214%, 7d avg −0.068%
=The price spread pays, funding is against you. Bitget is 0.282% dearer against Bybit than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of −0.068%): +$28 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.360% in total) that is about 5.5 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 −$7.57 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 | Bybit ONTUSDT | 0.05599 | 0.1614 | pay 0.0807% / 4h | 1h 21m | $796K | $318K | 25x |
| Short | Bitget ONTUSDT | 0.05611 | 0.0100 | get 0.0050% / 4h | 1h 21m | $813K | $316K | 50x |
Bybit ONTUSDT
Bitget ONTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$318.01
- Price spread: +0.214% → −0.068%
- $28.24
- Slippage, 4 orders
- −$123.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$435.95
- Costs to cover
- 1.462%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 59 min ago; Bitget: live order book, 59 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 Bybit live order book, 59 min ago | 3.56 bp | 49.4 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 59 min ago | 4.45 bp | 21.1 bp −$21 | 54.5 bp −$545 | 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 | −0.0404% | 1h | 0.05614 | +0.262% | $9K | $231 | 10x | as long as short |
| OKX ONT-USDT-SWAP | −0.0078% | 4h | 0.05609 | +0.179% | $806K | $879K | 20x | as long as short |
| Aster ONTUSDT | +0.0100% | 4h | 0.05615 | +0.284% | $27K | $388 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05613 | +0.250% | $2.4M | $2.6M | 50x | as long as short |
| Gate ONT_USDT | +0.0100% | 4h | 0.05613 | +0.250% | $172K | $60K | 50x | as long as short |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05613 | +0.250% | $1.5M | $138K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05610 | +0.196% | $522K | $52K | 30x | as long as short |
| Bitget ONTUSDTshort | +0.0100% | 4h | 0.05611 | +0.214% | $813K | $316K | 50x | |
| BloFin ONT-USDT | +0.0135% | 4h | 0.05606 | +0.125% | $131K | $25K | 50x | as long as short |
| Variational Omni ONT | +0.1268% | 4h | 0.05597 | −0.039% | $4K | $3K | — | as long as short |
Kraken Futures PF_ONTUSD
OKX ONT-USDT-SWAP
Aster ONTUSDT
Binance ONTUSDT
Gate ONT_USDT
MEXC ONT_USDT
KuCoin ONTUSDTM
BloFin ONT-USDT
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ONT-USDT | +0.1588% | 4h | 0.05610 | +0.196% | — | $2.3M | — | as long as short |
| Bybit ONTUSDTlong | +0.1614% | 4h | 0.05599 | long leg | $796K | $318K | 25x |
BingX ONT-USDT