ONG

Alert

Funding spread now, next payment 20:00 UTC−0.0696%/8h

next payment, per $10,000−$3.48paid, last 24h−0.039%paid, last 7 days+0.112%to open and close $10k−$141

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.48 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	Bitget ONGUSDT	0.08870	−0.1596	get 0.0798% / 4h	2h 36m	$1.4M	$1.2M	50x
Short	Gate ONG_USDT	0.08885	−0.2292	pay 0.1146% / 4h	2h 36m	$356K	$325K	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersRate

Funding earned: −$146.16
Slippage, 4 orders: −$113.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$287.12
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 66 min ago.

Price risk

price view

Price gap now: +0.169%
Avg gap 7d: +0.054%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bitget live order book, 2 min ago	5.07 bp	24.4 bp −$24	92.7 bp −$927	doesn't fit	doesn't fit
Sell Gate live order book, 66 min ago	8.38 bp	44.5 bp −$45	doesn't fit	doesn't fit	doesn't fit

ONG on 10 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX ONG-USDT	−0.4941%	4h	$28K	$145K	20x	as long as short
Gate ONG_USDTshort	−0.2292%	4h	$356K	$325K	20x
Aster ONGUSDT	−0.1902%	1h	$78K	$108K	5x	as long as short
MEXC ONG_USDT	−0.1890%	4h	$9.6M	$392K	20x	as long as short
Binance ONGUSDT	−0.1884%	4h	$6.7M	$15.4M	50x	as long as short
Extended ONG-USD	−0.1880%	1h	$164K	$16K	5x	as long as short
Bitget ONGUSDTlong	−0.1596%	4h	$1.4M	$1.2M	50x
Bybit ONGUSDT	+0.0083%	4h	$2.4M	$3.2M	20x	as long as short
BingX ONG-USDT	+0.0094%	4h	—	$1.3M	—	as long as short
Variational Omni ONG	+0.0100%	4h	$137K	$44K	—	as long as short