ONG

Alert

Funding spread now, next payment 20:00 UTC−0.1334%/8h

next payment, per $10,000−$6.67paid, last 24h−0.250%paid, last 7 days+0.195%to open and close $10k−$181

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.195% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.67 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	0.08937	−0.0342	get 0.0171% / 4h	1h 30m	$2.4M	$3.2M	20x
Short	Gate ONG_USDT	0.08906	−0.1676	pay 0.0838% / 4h	1h 30m	$359K	$336K	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersRate

Funding earned: −$280.15
Slippage, 4 orders: −$154.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$461.07
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.347%
Avg gap 7d: −0.371%

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 Bybit live order book, 4 min ago	2.81 bp	41.8 bp −$42	1192.9 bp −$11.9K	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.06 bp	52.3 bp −$52	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	−0.4568%	4h	$28K	$131K	20x	as long as short
Binance ONGUSDT	−0.1859%	4h	$6.7M	$15.5M	50x	as long as short
MEXC ONG_USDT	−0.1858%	4h	$9.6M	$387K	20x	as long as short
Extended ONG-USD	−0.1856%	1h	$166K	$17K	5x	as long as short
BingX ONG-USDT	−0.1764%	4h	—	$1.3M	—	as long as short
Gate ONG_USDTshort	−0.1676%	4h	$359K	$336K	20x
Bitget ONGUSDT	−0.1664%	4h	$1.4M	$1.2M	50x	as long as short
Aster ONGUSDT	−0.0613%	1h	$76K	$110K	5x	as long as short
Bybit ONGUSDTlong	−0.0342%	4h	$2.4M	$3.2M	20x
Variational Omni ONG	−0.0202%	4h	$139K	$45K	—	as long as short