ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.99 per $10,000 · paid last 24h −0.020%

Price spread now: Bitget against Gate−0.055%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1401.402% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.055%, 7d avg −0.055%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.99 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	Gate ONG_USDT	0.09090	−0.0582	get 0.0291% / 4h	2h 24m	$369K	$359K	20x
Short	Bitget ONGUSDT	0.09085	−0.0780	pay 0.0390% / 4h	2h 24m	$1.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$41.58
Price spread: −0.055% → −0.055%: $0.05
Slippage, 4 orders: −$113.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$181.7
Costs to cover: 1.402%
Break-even: never at this rate

Slippage from Gate: live order book, 60 min ago; Bitget: live order book, 2 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 Gate live order book, 60 min ago	4.98 bp	42.8 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.95 bp	23.3 bp −$23	123.8 bp −$1,238	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	−0.3205%	4h	0.09048	−0.462%	$28K	$95K	20x	as long as short
MEXC ONG_USDT	−0.1062%	4h	0.09077	−0.143%	$9.9M	$385K	20x	as long as short
Extended ONG-USD	−0.1056%	1h	0.09075	−0.166%	$172K	$18K	5x	as long as short
Binance ONGUSDT	−0.1054%	4h	0.09077	−0.143%	$6.8M	$15.6M	50x	as long as short
Bitget ONGUSDTshort	−0.0780%	4h	0.09085	−0.055%	$1.4M	$1.2M	50x
Gate ONG_USDTlong	−0.0582%	4h	0.09090	long leg	$369K	$359K	20x
Aster ONGUSDT	−0.0515%	1h	0.09087	−0.038%	$77K	$100K	5x	as long as short
Variational Omni ONG	+0.0080%	4h	0.09100	+0.107%	$150K	$40K	—	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09100	+0.110%	$2.5M	$3.2M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09086	−0.044%	—	$1.3M	—	as long as short