ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.54 per $10,000 · paid last 24h −0.244%

Price spread now: MEXC against BingX−0.088%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.722%−$72 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.088%, 7d avg −0.115%

Together, before fees−0.705%−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.026% dearer against BingX than usual: you sell high and buy low (spread −0.088% now, against its 7-day average of −0.115%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.722% in total) that is about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONG-USDT	0.09067	0.0100	pay 0.0050% / 4h	1h 49m	—	$1.4M	—
Short	MEXC ONG_USDT	0.09059	−0.0008	pay 0.0004% / 4h	1h 49m	$9.9M	$412K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$22.68
Price spread: −0.088% → −0.115%: $2.64
Slippage, 4 orders: −$26.49
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$60.52
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; MEXC: live order book, 4 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, 12 min ago	3.30 bp	14.5 bp −$14	33.8 bp −$338	238.8 bp −$23.9K	407.5 bp −$203.8K
Sell MEXC live order book, 4 min ago	1.11 bp	4.2 bp −$4	35.3 bp −$353	183.9 bp −$18.4K	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	−0.0978%	4h	0.09021	−0.507%	$28K	$37K	20x	as long as short
Binance ONGUSDT	−0.0010%	4h	0.09060	−0.077%	$6.3M	$15.8M	50x	as long as short
Extended ONG-USD	−0.0008%	1h	0.09064	−0.034%	$170K	$20K	5x	as long as short
MEXC ONG_USDTshort	−0.0008%	4h	0.09059	−0.088%	$9.9M	$412K	20x
Aster ONGUSDT	+0.0100%	1h	0.09068	+0.013%	$70K	$54K	5x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09066	−0.011%	$2.4M	$3.0M	20x	as long as short
Gate ONG_USDT	+0.0100%	4h	0.09060	−0.077%	$348K	$365K	20x	as long as short
Bitget ONGUSDT	+0.0100%	4h	0.09064	−0.033%	$1.4M	$1.3M	50x	as long as short
BingX ONG-USDTlong	+0.0100%	4h	0.09067	long leg	—	$1.4M	—
Variational Omni ONG	+0.0100%	4h	0.09057	−0.116%	$131K	$43K	—	as long as short