Funding arb · Price arb /

ONG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2463%/8h= −269.7% APRpaid last 24h −0.054%

Price spread now: HTX against Extended−0.357%7-day average −0.320% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.278%−$28 · spread now −0.357%, 7d avg −0.320%

Together, before fees−0.230%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$74 a day on $10k at the current rate, and HTX is 0.038% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.320%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment. 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	Extended ONG-USD	0.09250	−0.1136	get 0.0142% / 1h	37m 53s	$174K	$18K	5x
Short	HTX ONG-USDT	0.09217	−0.3599	pay 0.1799% / 4h	37m 53s	$29K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee ExtendedbpFee HTXbpOrdersPrice spread, now −0.357%Rate

Funding earned: −$517.22
Price spread: −0.357% → −0.320%: −$3.77
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$537.99
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 38 min ago; HTX: no order-book sample. Net counts fees only.

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 Extended live order book, 38 min ago	0.66 bp	17.0 bp −$17	148.4 bp −$1,484	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDTshort	−0.3599%	4h	0.09217	−0.357%	$29K	$75K	20x
Extended ONG-USDlong	−0.1136%	1h	0.09250	long leg	$174K	$18K	5x
Binance ONGUSDT	−0.1133%	4h	0.09251	+0.010%	$6.9M	$15.5M	50x	as long as short
MEXC ONG_USDT	−0.1130%	4h	0.09250	0.000%	$10.1M	$372K	20x	as long as short
Aster ONGUSDT	−0.0848%	1h	0.09258	+0.082%	$85K	$104K	5x	as long as short
Bitget ONGUSDT	−0.0812%	4h	0.09246	−0.044%	$1.4M	$1.2M	50x	as long as short
Gate ONG_USDT	−0.0736%	4h	0.09250	0.000%	$377K	$337K	20x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09271	+0.227%	$2.6M	$3.1M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09258	+0.086%	—	$1.4M	—	as long as short
Variational Omni ONG	+0.0100%	4h	0.09263	+0.138%	$152K	$24K	—	as long as short