Funding arb · Price arb /

ONG

all ONG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.241%

Price spread now: BingX against Bybit−0.032%7-day average −0.242% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.449%+$45 on $10k

Price spread, last 7 days−0.094%−$9 · spread now −0.032%, 7d avg −0.242%

Together, before fees+0.355%+$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.209% dearer against Bybit than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.242%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ONGUSDT	0.09233	0.0100	pay 0.0050% / 4h	20m 31s	$2.6M	$3.1M	20x
Short	BingX ONG-USDT	0.09230	0.0100	get 0.0050% / 4h	20m 31s	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.242%: $20.95
Slippage, 4 orders: −$74.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.13
Costs to cover: 0.951%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 11 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, 2 min ago	1.62 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	3.79 bp	14.2 bp −$14	33.0 bp −$330	215.3 bp −$21.5K	475.4 bp −$237.7K

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	−0.3515%	4h	0.09215	−0.195%	$29K	$72K	20x	as long as short
Extended ONG-USD	−0.1104%	1h	0.09225	−0.089%	$175K	$18K	5x	as long as short
Binance ONGUSDT	−0.1102%	4h	0.09223	−0.106%	$6.9M	$15.6M	50x	as long as short
MEXC ONG_USDT	−0.1100%	4h	0.09232	−0.011%	$10.0M	$378K	20x	as long as short
Bitget ONGUSDT	−0.0782%	4h	0.09228	−0.054%	$1.4M	$1.2M	50x	as long as short
Aster ONGUSDT	−0.0781%	1h	0.09249	+0.173%	$83K	$100K	5x	as long as short
Gate ONG_USDT	−0.0780%	4h	0.09228	−0.054%	$377K	$340K	20x	as long as short
Bybit ONGUSDTlong	+0.0100%	4h	0.09233	long leg	$2.6M	$3.1M	20x
BingX ONG-USDTshort	+0.0100%	4h	0.09230	−0.032%	—	$1.4M	—
Variational Omni ONG	+0.0100%	4h	0.09230	−0.030%	$153K	$25K	—	as long as short