Funding you earn now, next payment 04:00 UTC+0.1133%/8h= +124.0% APRnext payment +$5.66 per $10,000 · paid last 24h +0.497%
Price spread now: Bybit against Gate−0.018%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1531.532% of the position
Funding, last 7 days+0.393%+$39 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.018%, 7d avg −0.063%
=Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Bybit is 0.045% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.063%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.393% in total (about 20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.66 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 | Gate ONT_USDT | 0.05650 | 0.0100 | pay 0.0050% / 4h | 1h 22m | $179K | $57K | 50x |
| Short | Bybit ONTUSDT | 0.05649 | 0.1233 | get 0.0616% / 4h | 1h 22m | $798K | $334K | 25x |
Gate ONT_USDT
Bybit ONTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $237.85
- Price spread: −0.018% → −0.063%
- $4.48
- Slippage, 4 orders
- −$127.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $89.12
- Costs to cover
- 1.532%
- Break-even
- 4.4 days
Slippage from Gate: live order book, 33 min ago; Bybit: live order book, 37 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 Gate live order book, 33 min ago | 3.55 bp | 46.4 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 37 min ago | 3.56 bp | 34.8 bp −$35 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ONT-USDT | +0.0044% | 4h | 0.05657 | +0.124% | $131K | $24K | 50x | as long as short |
| Aster ONTUSDT | +0.0100% | 4h | 0.05655 | +0.094% | $27K | $537 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05655 | +0.080% | $2.4M | $2.7M | 50x | as long as short |
| OKX ONT-USDT-SWAP | +0.0100% | 4h | 0.05653 | +0.053% | $804K | $922K | 20x | as long as short |
| Gate ONT_USDTlong | +0.0100% | 4h | 0.05650 | long leg | $179K | $57K | 50x | |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05655 | +0.088% | $1.5M | $152K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05650 | 0.000% | $521K | $43K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05653 | +0.053% | $798K | $316K | 50x | as long as short |
| Kraken Futures PF_ONTUSD | +0.0473% | 1h | 0.05653 | +0.061% | $9K | $301 | 10x | as long as short |
| Variational Omni ONT | +0.1042% | 4h | 0.05633 | −0.295% | $4K | $3K | — | as long as short |
BloFin ONT-USDT
Aster ONTUSDT
Binance ONTUSDT
OKX ONT-USDT-SWAP
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
Kraken Futures PF_ONTUSD
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ONT-USDT | +0.1179% | 4h | 0.05653 | +0.053% | — | $2.3M | — | as long as short |
| Bybit ONTUSDTshort | +0.1233% | 4h | 0.05649 | −0.018% | $798K | $334K | 25x |
BingX ONT-USDT