Funding you earn now, next payment 00:00 UTC+0.3162%/8h= +346.2% APRnext payment +$15.81 per $10,000 · paid last 24h +0.278%
Price spread now: Bybit against HTX+0.433%7-day average +0.919% · you sell dearer than you buy
Net, funding: paid 7d − costs−$517as in the Funding arb table
Net, price: spread back to 7d avg − costs−$598as in the Price arb table
costs, in and out, $10k−$5495.493% of the position
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 3 days (all we have)+0.482%+$48 · spread now +0.433%, 7d avg +0.919%
=Funding pays, the price is against you. Bybit is 0.486% cheaper against HTX than usual: you would sell low and buy high (spread +0.433% now, against its 7-day average of +0.919%). If the spread goes back, that is −$49 on $10k: about 12 hours of funding at the current rate (+$95 a day). At the pace of the last 7 days (+0.328% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.328% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.81 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 | HTX ONG-USDT | 0.09003 | −0.3062 | get 0.1531% / 4h | 2h 10m | $28K | $93K | 20x |
| Short | Bybit ONGUSDT | 0.09042 | 0.0100 | get 0.0050% / 4h | 2h 10m | $2.5M | $3.2M | 20x |
HTX ONG-USDT
Bybit ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $664.03
- Price spread: +0.433% → +0.919%
- −$48.6
- Slippage, 4 orders
- −$526.34
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $66.09
- Costs to cover
- 5.493%
- Break-even
- 6.3 days
Slippage from HTX: live order book, 75 min ago; Bybit: live order book, 7 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 HTX live order book, 75 min ago | 36.16 bp | 304.1 bp −$304 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 2.21 bp | 78.0 bp −$78 | 352.0 bp −$3,520 | 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-USDTlong | −0.3062% | 4h | 0.09003 | long leg | $28K | $93K | 20x | |
| Binance ONGUSDT | −0.0994% | 4h | 0.09031 | +0.311% | $6.7M | $15.6M | 50x | as long as short |
| Extended ONG-USD | −0.0992% | 1h | 0.09027 | +0.265% | $171K | $18K | 5x | as long as short |
| MEXC ONG_USDT | −0.0988% | 4h | 0.09027 | +0.267% | $9.8M | $386K | 20x | as long as short |
| Bitget ONGUSDT | −0.0674% | 4h | 0.09028 | +0.278% | $1.4M | $1.2M | 50x | as long as short |
| Gate ONG_USDT | −0.0632% | 4h | 0.09035 | +0.355% | $367K | $361K | 20x | as long as short |
| Aster ONGUSDT | −0.0534% | 1h | 0.09038 | +0.389% | $76K | $100K | 5x | as long as short |
| Bybit ONGUSDTshort | +0.0100% | 4h | 0.09042 | +0.433% | $2.5M | $3.2M | 20x | |
| BingX ONG-USDT | +0.0100% | 4h | 0.09035 | +0.355% | — | $1.3M | — | as long as short |
| Variational Omni ONG | +0.0100% | 4h | 0.09046 | +0.473% | $148K | $40K | — | as long as short |
Binance ONGUSDT
Extended ONG-USD
MEXC ONG_USDT
Bitget ONGUSDT
Gate ONG_USDT
Aster ONGUSDT
BingX ONG-USDT
Variational Omni ONG