ONT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1097%/8h= −120.1% APRnext payment −$5.48 per $10,000 · paid last 24h −0.506%

Price spread now: BloFin against Bybit+0.089%52s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1111.112% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.420%−$42 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.089%, 7d avg +0.020%

Together, before fees−0.413%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.069% dearer against Bybit than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.020%): +$7 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.420% in total) that is about 28 hours. The two prices were read 52 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 -0.420% in total (about -21.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.48 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	0.05633	0.1243	pay 0.0622% / 4h	3h 40m	$801K	$314K	25x
Short	BloFin ONT-USDT	0.05638	0.0147	get 0.0073% / 4h	3h 40m	$131K	$23K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee BloFinbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$230.27
Price spread: +0.089% → +0.020%: $6.91
Slippage, 4 orders: −$88.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$334.55
Costs to cover: 1.112%
Break-even: never at this rate

Slippage from Bybit: live order book, 29 min ago; BloFin: live order book, 15 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, 29 min ago	0.89 bp	34.4 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 15 min ago	0.88 bp	15.5 bp −$15	25.4 bp −$254	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	0.0000%	1h	0.05643	+0.170%	$9K	$236	10x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05645	+0.220%	$27K	$388	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05642	+0.160%	$2.4M	$2.6M	50x	as long as short
OKX ONT-USDT-SWAP	+0.0100%	4h	0.05639	+0.107%	$797K	$879K	20x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05640	+0.124%	$173K	$55K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05644	+0.195%	$1.5M	$151K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05646	+0.231%	$525K	$45K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05644	+0.195%	$803K	$318K	50x	as long as short
BloFin ONT-USDTshort	+0.0147%	4h	0.05638	+0.089%	$131K	$23K	50x
BingX ONT-USDT	+0.0562%	4h	0.05640	+0.124%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ONT	+0.1133%	4h	0.05638	+0.091%	$4K	$3K	—	as long as short
Bybit ONTUSDTlong	+0.1243%	4h	0.05633	long leg	$801K	$314K	25x