Funding arb · Price arb /

ONG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.287%

Price spread now: Variational Omni against Gate−0.169%7-day average +0.380% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.965%+$97 · spread now −0.169%, 7d avg +0.380%

Together, before fees+0.851%+ Points / potential airdropVariational Omni: Active · farm board+$85 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.549% cheaper against Gate than usual: you would sell low and buy high, −$55 on $10k if it goes back to its 7-day average of +0.380%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONG_USDT	0.09045	0.0100	pay 0.0050% / 4h	39m 55s	$352K	$356K	20x
Short	Variational Omni ONG	0.09030	0.0100	get 0.0050% / 4h	39m 55s	$131K	$39K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.169%Rate

Funding earned: $0
Price spread: −0.169% → +0.380%: −$54.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$69.89
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 60 min ago; Variational Omni: RFQ quote, 64 min ago. 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 Gate live order book, 60 min ago	2.21 bp	46.3 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 64 min ago	6.62 bp	doesn't fit	380.5 bp −$3,805	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	−0.1573%	4h	0.08999	−0.509%	$28K	$40K	20x	as long as short
MEXC ONG_USDT	+0.0042%	4h	0.09017	−0.310%	$9.8M	$424K	20x	as long as short
Binance ONGUSDT	+0.0044%	4h	0.09017	−0.310%	$6.2M	$15.8M	50x	as long as short
Extended ONG-USD	+0.0048%	1h	0.09015	−0.336%	$169K	$18K	5x	as long as short
Aster ONGUSDT	+0.0100%	1h	0.09029	−0.175%	$69K	$53K	5x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09028	−0.188%	$2.3M	$3.0M	20x	as long as short
Gate ONG_USDTlong	+0.0100%	4h	0.09045	long leg	$352K	$356K	20x
Bitget ONGUSDT	+0.0100%	4h	0.09024	−0.232%	$1.3M	$1.2M	50x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09032	−0.144%	—	$1.4M	—	as long as short
Variational Omni ONGshort	+0.0100%	4h	0.09030	−0.169%	$131K	$39K	—