Funding arb · Price arb /

ONG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.095%

Price spread now: Aster against MEXC+0.020%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.020% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONG_USDT	0.09014	−0.0052	get 0.0026% / 4h	2h 28m	$9.8M	$415K	20x
Short	Aster ONGUSDT	0.09016	0.0100	get 0.0013% / 1h	28m 16s	$70K	$55K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.020%Rate

Funding earned: $31.92
Price spread: +0.020% → 0.000%: $2.04
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: $21.96
Costs to cover: 0.120%
Break-even: 2.2 days

Slippage unknown: MEXC: live order book, 5 min ago; Aster: no order-book sample. 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 MEXC live order book, 5 min ago	0.56 bp	7.1 bp −$7	33.9 bp −$339	163.0 bp −$16.3K	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1262%	4h	0.09001	−0.144%	$28K	$37K	20x	as long as short
Extended ONG-USD	−0.0056%	1h	0.08995	−0.215%	$169K	$20K	5x	as long as short
Binance ONGUSDT	−0.0052%	4h	0.09005	−0.100%	$6.3M	$15.7M	50x	as long as short
MEXC ONG_USDTlong	−0.0052%	4h	0.09014	long leg	$9.8M	$415K	20x
Bybit ONGUSDT	+0.0047%	4h	0.09005	−0.100%	$2.3M	$3.0M	20x	as long as short
Variational Omni ONG	+0.0086%	4h	0.09013	−0.015%	$130K	$43K	—	as long as short
Aster ONGUSDTshort	+0.0100%	1h	0.09016	+0.020%	$70K	$55K	5x
Gate ONG_USDT	+0.0100%	4h	0.09033	+0.211%	$351K	$364K	20x	as long as short
Bitget ONGUSDT	+0.0100%	4h	0.09007	−0.078%	$1.4M	$1.3M	50x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09015	+0.011%	—	$1.4M	—	as long as short