ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against MEXC+0.055%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.055%, 7d avg −0.004%

Together, before fees−0.025%−$3 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: Binance is 0.059% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONG_USDT	0.09064	−0.0068	get 0.0034% / 4h	2h 48m	$9.9M	$413K	20x
Short	Binance ONGUSDT	0.09069	−0.0069	pay 0.0034% / 4h	2h 48m	$6.4M	$15.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.055%Rate

Funding earned: −$0.14
Price spread: +0.055% → −0.004%: $5.93
Slippage, 4 orders: −$26.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.42
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: 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 MEXC live order book, 4 min ago	0.55 bp	6.6 bp −$7	26.6 bp −$266	176.8 bp −$17.7K	doesn't fit
Sell Binance live order book, 7 min ago	0.55 bp	14.2 bp −$14	42.6 bp −$426	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	−0.1331%	4h	0.09043	−0.232%	$28K	$36K	20x	as long as short
Extended ONG-USD	−0.0072%	1h	0.09068	+0.040%	$170K	$20K	5x	as long as short
Binance ONGUSDTshort	−0.0069%	4h	0.09069	+0.055%	$6.4M	$15.5M	50x
MEXC ONG_USDTlong	−0.0068%	4h	0.09064	long leg	$9.9M	$413K	20x
Variational Omni ONG	+0.0056%	4h	0.09072	+0.087%	$131K	$43K	—	as long as short
Aster ONGUSDT	+0.0100%	1h	0.09076	+0.130%	$71K	$53K	5x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09071	+0.077%	$2.4M	$3.0M	20x	as long as short
Gate ONG_USDT	+0.0100%	4h	0.09073	+0.099%	$353K	$361K	20x	as long as short
Bitget ONGUSDT	+0.0100%	4h	0.09068	+0.044%	$1.4M	$1.3M	50x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09067	+0.033%	—	$1.4M	—	as long as short