ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.76 per $10,000 · paid last 24h −0.155%

Price spread now: MEXC against Gate−0.066%7-day average −0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$33 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.066%, 7d avg −0.167%

Together, before fees−0.361%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.101% dearer against Gate than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.167%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONG_USDT	0.09064	0.0082	pay 0.0041% / 4h	15m 05s	$352K	$357K	20x
Short	MEXC ONG_USDT	0.09058	−0.0070	pay 0.0035% / 4h	15m 05s	$9.8M	$425K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$31.92
Price spread: −0.066% → −0.167%: $10.12
Slippage, 4 orders: −$93.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$134.62
Costs to cover: 1.128%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; MEXC: live order book, 3 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, 20 min ago	8.86 bp	44.9 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.55 bp	9.1 bp −$9	54.0 bp −$540	153.7 bp −$15.4K	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	−0.1845%	4h	0.09021	−0.474%	$28K	$39K	20x	as long as short
Binance ONGUSDT	−0.0073%	4h	0.09058	−0.066%	$6.2M	$15.7M	50x	as long as short
Extended ONG-USD	−0.0072%	1h	0.09056	−0.090%	$169K	$18K	5x	as long as short
MEXC ONG_USDTshort	−0.0070%	4h	0.09058	−0.066%	$9.8M	$425K	20x
Variational Omni ONG	+0.0062%	4h	0.09054	−0.109%	$131K	$39K	—	as long as short
Gate ONG_USDTlong	+0.0082%	4h	0.09064	long leg	$352K	$357K	20x
Aster ONGUSDT	+0.0100%	1h	0.09067	+0.038%	$69K	$53K	5x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09063	−0.011%	$2.4M	$2.9M	20x	as long as short
Bitget ONGUSDT	+0.0100%	4h	0.09063	−0.011%	$1.3M	$1.2M	50x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09063	−0.011%	—	$1.4M	—	as long as short