Funding you earn now, next payment 04:00 UTC−0.0914%/8h= −100.1% APRnext payment −$4.57 per $10,000 · paid last 24h −0.098%
Price spread now: Gate against BingX−0.109%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1311.306% of the position
Funding, last 7 days−0.358%−$36 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.109%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Gate is 0.136% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.358% in total (about -18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.57 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 | BingX ONG-USDT | 0.09194 | 0.0100 | pay 0.0050% / 4h | 3h 07m | — | $1.4M | — |
| Short | Gate ONG_USDT | 0.09184 | −0.0814 | pay 0.0407% / 4h | 3h 07m | $377K | $343K | 20x |
BingX ONG-USDT
Gate ONG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$191.94
- Price spread: −0.109% → +0.028%
- −$13.63
- Slippage, 4 orders
- −$105.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$336.16
- Costs to cover
- 1.306%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Gate: live order book, 63 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 BingX live order book, 9 min ago | 3.27 bp | 16.0 bp −$16 | 33.9 bp −$339 | 225.0 bp −$22.5K | 416.0 bp −$208.0K |
| Sell Gate live order book, 63 min ago | 9.82 bp | 55.6 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
ONG on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ONG-USDT | −0.3035% | 4h | 0.09127 | −0.729% | $28K | $53K | 20x | as long as short |
| MEXC ONG_USDT | −0.1062% | 4h | 0.09188 | −0.065% | $10.0M | $398K | 20x | as long as short |
| Extended ONG-USD | −0.1056% | 1h | 0.09184 | −0.112% | $174K | $18K | 5x | as long as short |
| Binance ONGUSDT | −0.1056% | 4h | 0.09190 | −0.040% | $6.8M | $14.9M | 50x | as long as short |
| Aster ONGUSDT | −0.0822% | 1h | 0.09193 | −0.007% | $82K | $82K | 5x | as long as short |
| Gate ONG_USDTshort | −0.0814% | 4h | 0.09184 | −0.109% | $377K | $343K | 20x | |
| Bitget ONGUSDT | −0.0640% | 4h | 0.09184 | −0.109% | $1.4M | $1.1M | 50x | as long as short |
| Variational Omni ONG | +0.0005% | 4h | 0.09140 | −0.582% | $151K | $25K | — | as long as short |
| Bybit ONGUSDT | +0.0100% | 4h | 0.09200 | +0.065% | $2.6M | $2.8M | 20x | as long as short |
| BingX ONG-USDTlong | +0.0100% | 4h | 0.09194 | long leg | — | $1.4M | — |
HTX ONG-USDT
MEXC ONG_USDT
Extended ONG-USD
Binance ONGUSDT
Aster ONGUSDT
Bitget ONGUSDT
Variational Omni ONG
Bybit ONGUSDT