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Funding arb · Price arb /

ONG

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0938%/8h= +102.7% APRpaid last 24h +0.385%
Price spread now: BingX against Extended−0.023%7-day average +0.179% · you buy dearer than you sell
Net, funding: paid 7d − costs+$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Long on ExtendedShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.871%+$87 on $10k
Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.023%, 7d avg +0.179%
Together, before fees+1.070%+ Points / potential airdropExtended: Active · farm board+$107 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.202% cheaper against Extended than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.179%). If the spread goes back, that is −$20 on $10k: about 17 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.871% in total) that is about 39 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ONG-USD0.09063−0.1000get 0.0125% / 1h44m 01s$171K$18K5x
ShortBingX ONG-USDT0.09061−0.0062pay 0.0031% / 4h2h 44m—$1.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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

Funding earned
$196.98
Price spread: −0.023% → +0.179%
−$20.2
Slippage, 4 orders
−$51.85
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
$109.93
Costs to cover
0.669%
Break-even
3.1 days
Slippage from Extended: live order book, 22 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 22 min ago0.60 bp15.0 bp −$1597.4 bp −$974doesn't fitdoesn't fit
Sell BingX live order book, 3 min ago3.32 bp17.4 bp −$1746.4 bp −$464296.9 bp −$29.7K456.8 bp −$228.4K

ONG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ONG-USDT−0.2396%4h0.09018−0.497%$28K$51K20xas long as short
Gate ONG_USDT−0.1084%4h0.09065+0.022%$368K$343K20xas long as short
Binance ONGUSDT−0.1001%4h0.09064+0.010%$6.6M$15.0M50xas long as short
Extended ONG-USDlong−0.1000%1h0.09063long leg$171K$18K5x
MEXC ONG_USDT−0.0998%4h0.09056−0.078%$9.8M$373K20xas long as short
Aster ONGUSDT−0.0674%1h0.09075+0.135%$81K$74K5xas long as short
Bitget ONGUSDT−0.0594%4h0.09056−0.078%$1.4M$1.1M50xas long as short
Bybit ONGUSDT−0.0358%4h0.09069+0.066%$2.5M$2.9M20xas long as short
Variational Omni ONG−0.0138%4h0.09049−0.159%$150K$24K—as long as short
BingX ONG-USDTshort−0.0062%4h0.09061−0.023%—$1.4M—