ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.456%

Price spread now: MEXC against Bybit−0.066%7-day average −0.355% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

Price spread, last 7 days−0.065%−$7 · spread now −0.066%, 7d avg −0.355%

Together, before fees−0.308%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.288% dearer against Bybit than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.355%): +$29 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ONGUSDT	0.09059	0.0100	pay 0.0050% / 4h	1h 22m	$2.4M	$3.0M	20x
Short	MEXC ONG_USDT	0.09053	0.0020	get 0.0010% / 4h	1h 22m	$9.9M	$417K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$16.8
Price spread: −0.066% → −0.355%: $28.85
Slippage, 4 orders: −$91.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$94.12
Costs to cover: 1.062%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 5 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, 4 min ago	2.21 bp	43.3 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.11 bp	8.6 bp −$9	18.0 bp −$180	159.4 bp −$15.9K	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	−0.1253%	4h	0.09050	−0.099%	$28K	$38K	20x	as long as short
MEXC ONG_USDTshort	+0.0020%	4h	0.09053	−0.066%	$9.9M	$417K	20x
Extended ONG-USD	+0.0024%	1h	0.09051	−0.090%	$170K	$20K	5x	as long as short
Binance ONGUSDT	+0.0027%	4h	0.09053	−0.066%	$6.2M	$15.8M	50x	as long as short
Aster ONGUSDT	+0.0100%	1h	0.09057	−0.024%	$69K	$54K	5x	as long as short
Bybit ONGUSDTlong	+0.0100%	4h	0.09059	long leg	$2.4M	$3.0M	20x
Gate ONG_USDT	+0.0100%	4h	0.09056	−0.033%	$350K	$368K	20x	as long as short
Bitget ONGUSDT	+0.0100%	4h	0.09062	+0.033%	$1.4M	$1.2M	50x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09056	−0.033%	—	$1.4M	—	as long as short
Variational Omni ONG	+0.0100%	4h	0.09076	+0.187%	$131K	$43K	—	as long as short