Funding you earn now, next payment 00:00 UTC−0.0774%/8h= −84.8% APRnext payment −$3.87 per $10,000 · paid last 24h −0.282%
Price spread now: Bitget against Bybit−0.155%7-day average −0.267% · you buy dearer than you sell
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2262.264% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.155%, 7d avg −0.267%
=The price spread pays, funding is against you. Bitget is 0.112% dearer against Bybit than usual: you sell high and buy low (spread −0.155% now, against its 7-day average of −0.267%): +$11 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.87 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 | Bybit ONGUSDT | 0.09052 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $2.5M | $3.2M | 20x |
| Short | Bitget ONGUSDT | 0.09038 | −0.0674 | pay 0.0337% / 4h | 2h 09m | $1.4M | $1.2M | 50x |
Bybit ONGUSDT
Bitget ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$162.54
- Price spread: −0.155% → −0.267%
- $11.23
- Slippage, 4 orders
- −$203.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$377.74
- Costs to cover
- 2.264%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 7 min ago; Bitget: live order book, 7 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, 7 min ago | 2.21 bp | 98.4 bp −$98 | 602.8 bp −$6,028 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 3.32 bp | 26.1 bp −$26 | 93.8 bp −$938 | 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 | −0.3081% | 4h | 0.09003 | −0.541% | $28K | $92K | 20x | as long as short |
| Binance ONGUSDT | −0.0994% | 4h | 0.09038 | −0.155% | $6.7M | $15.6M | 50x | as long as short |
| Extended ONG-USD | −0.0992% | 1h | 0.09033 | −0.212% | $171K | $18K | 5x | as long as short |
| MEXC ONG_USDT | −0.0988% | 4h | 0.09036 | −0.177% | $9.8M | $386K | 20x | as long as short |
| Bitget ONGUSDTshort | −0.0674% | 4h | 0.09038 | −0.155% | $1.4M | $1.2M | 50x | |
| Gate ONG_USDT | −0.0632% | 4h | 0.09035 | −0.188% | $367K | $361K | 20x | as long as short |
| Aster ONGUSDT | −0.0534% | 1h | 0.09038 | −0.155% | $76K | $100K | 5x | as long as short |
| Bybit ONGUSDTlong | +0.0100% | 4h | 0.09052 | long leg | $2.5M | $3.2M | 20x | |
| BingX ONG-USDT | +0.0100% | 4h | 0.09044 | −0.088% | — | $1.3M | — | as long as short |
| Variational Omni ONG | +0.0100% | 4h | 0.09043 | −0.096% | $148K | $40K | — | as long as short |
HTX ONG-USDT
Binance ONGUSDT
Extended ONG-USD
MEXC ONG_USDT
Gate ONG_USDT
Aster ONGUSDT
BingX ONG-USDT
Variational Omni ONG