Funding you earn now, next payment 12:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.358%
Price spread now: Binance against Bybit−0.078%7-day average −0.360% · 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−$65as in the Price arb table
costs, in and out, $10k−$930.932% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now −0.078%, 7d avg −0.360%
=The price spread pays, funding is against you. Binance is 0.282% dearer against Bybit than usual: you sell high and buy low (spread −0.078% now, against its 7-day average of −0.360%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days. At the pace of the last 7 days (−0.211% in total) that is about 9.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ONGUSDT | 0.09171 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $2.3M | $2.9M | 20x |
| Short | Binance ONGUSDT | 0.09164 | 0.0065 | get 0.0033% / 4h | 1h 55m | $6.3M | $14.9M | 50x |
Bybit ONGUSDT
Binance ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$7.25
- Price spread: −0.078% → −0.360%
- $28.2
- Slippage, 4 orders
- −$72.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72.23
- Costs to cover
- 0.932%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 8 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, 5 min ago | 0.55 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.64 bp | 12.7 bp −$13 | 33.0 bp −$330 | doesn't fit | doesn't fit |
ONG on 10 exchanges
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 | −0.1507% | 4h | 0.09090 | −0.883% | $28K | $39K | 20x | as long as short |
| MEXC ONG_USDT | +0.0060% | 4h | 0.09164 | −0.076% | $10.0M | $349K | 20x | as long as short |
| Extended ONG-USD | +0.0064% | 1h | 0.09160 | −0.120% | $172K | $18K | 5x | as long as short |
| Binance ONGUSDTshort | +0.0065% | 4h | 0.09164 | −0.078% | $6.3M | $14.9M | 50x | |
| Aster ONGUSDT | +0.0100% | 1h | 0.09170 | −0.009% | $69K | $52K | 5x | as long as short |
| Bybit ONGUSDTlong | +0.0100% | 4h | 0.09171 | long leg | $2.3M | $2.9M | 20x | |
| Gate ONG_USDT | +0.0100% | 4h | 0.09167 | −0.044% | $357K | $342K | 20x | as long as short |
| Bitget ONGUSDT | +0.0100% | 4h | 0.09173 | +0.022% | $1.4M | $1.2M | 50x | as long as short |
| BingX ONG-USDT | +0.0100% | 4h | 0.09167 | −0.044% | — | $1.5M | — | as long as short |
| Variational Omni ONG | +0.0100% | 4h | 0.09166 | −0.053% | $131K | $35K | — | as long as short |
HTX ONG-USDT
MEXC ONG_USDT
Extended ONG-USD
Aster ONGUSDT
Gate ONG_USDT
Bitget ONGUSDT
BingX ONG-USDT
Variational Omni ONG