ONT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1572%/8h= −172.2% APRnext payment −$7.86 per $10,000 · paid last 24h −0.427%

Price spread now: OKX against Bybit+0.248%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1131.130% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.388%−$39 on $10k

Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.248%, 7d avg −0.025%

Together, before fees−0.649%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.273% dearer against Bybit than usual: you sell high and buy low (spread +0.248% now, against its 7-day average of −0.025%): +$27 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.388% in total) that is about 4.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.388% in total (about -20.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.86 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	0.05641	0.1613	pay 0.0806% / 4h	52m 56s	$802K	$317K	25x
Short	OKX ONT-USDT-SWAP	0.05655	0.0040	get 0.0020% / 4h	52m 56s	$799K	$907K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.248%Rate

Funding earned: −$330.22
Price spread: +0.248% → −0.025%: $27.29
Slippage, 4 orders: −$91.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$415.9
Costs to cover: 1.130%
Break-even: never at this rate

Slippage from Bybit: live order book, 22 min ago; OKX: live order book, 23 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, 22 min ago	2.68 bp	40.0 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 23 min ago	1.78 bp	19.3 bp −$19	74.2 bp −$742	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	−0.0093%	1h	0.05669	+0.502%	$9K	$231	10x	as long as short
OKX ONT-USDT-SWAPshort	+0.0040%	4h	0.05655	+0.248%	$799K	$907K	20x
Aster ONTUSDT	+0.0100%	4h	0.05651	+0.181%	$27K	$388	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05652	+0.195%	$2.4M	$2.6M	50x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05650	+0.160%	$173K	$58K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05654	+0.230%	$1.5M	$137K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05645	+0.071%	$525K	$50K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05650	+0.160%	$818K	$318K	50x	as long as short
BloFin ONT-USDT	+0.0112%	4h	0.05654	+0.230%	$131K	$23K	50x	as long as short
Variational Omni ONT	+0.1103%	4h	0.05632	−0.156%	$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	+0.1420%	4h	0.05652	+0.195%	—	$2.3M	—	as long as short
Bybit ONTUSDTlong	+0.1613%	4h	0.05641	long leg	$802K	$317K	25x