ONG

Alert

Funding spread now, next payment 20:00 UTC+0.2343%/8h

next payment, per $10,000+$11.71paid, last 24h+0.250%paid, last 7 days−0.195%to open and close $10k−$192

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 +$11.71 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	0.08885	−0.2246	get 0.1123% / 4h	2h 35m	$356K	$326K	20x
Short	Bybit ONGUSDT	0.08902	0.0097	get 0.0048% / 4h	2h 35m	$2.4M	$3.2M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersRate

Funding earned: $491.93
Slippage, 4 orders: −$165.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $300.07
Break-even: 2.7 days

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

Price risk

price view

Price gap now: +0.191%
Avg gap 7d: +0.373%

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 Gate live order book, 2 min ago	6.76 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.25 bp	60.7 bp −$61	382.7 bp −$3,827	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	−0.4933%	4h	$28K	$145K	20x	as long as short
Gate ONG_USDTlong	−0.2246%	4h	$356K	$326K	20x
Binance ONGUSDT	−0.1884%	4h	$6.7M	$15.4M	50x	as long as short
MEXC ONG_USDT	−0.1882%	4h	$9.6M	$392K	20x	as long as short
Extended ONG-USD	−0.1880%	1h	$164K	$16K	5x	as long as short
Aster ONGUSDT	−0.1867%	1h	$78K	$109K	5x	as long as short
Bitget ONGUSDT	−0.1598%	4h	$1.4M	$1.2M	50x	as long as short
BingX ONG-USDT	+0.0094%	4h	—	$1.3M	—	as long as short
Bybit ONGUSDTshort	+0.0097%	4h	$2.4M	$3.2M	20x
Variational Omni ONG	+0.0100%	4h	$138K	$44K	—	as long as short