Funding you earn now, next payment 00:00 UTC+0.0368%/8h= +40.3% APRnext payment +$1.84 per $10,000 · paid last 24h +0.091%
Price spread now: Gate against MEXC+0.098%7-day average +0.177% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1141.145% of the position
Funding, last 7 days+0.315%+$32 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.098%, 7d avg +0.177%
=Funding pays, the price is against you. Gate is 0.079% cheaper against MEXC than usual: you would sell low and buy high (spread +0.098% now, against its 7-day average of +0.177%). If the spread goes back, that is −$8 on $10k: about 17 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.315% in total) that is about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ONG_USDT | 0.09157 | −0.1074 | get 0.0537% / 4h | 1h 06m | $10.0M | $379K | 20x |
| Short | Gate ONG_USDT | 0.09166 | −0.0706 | pay 0.0353% / 4h | 1h 06m | $374K | $356K | 20x |
MEXC ONG_USDT
Gate ONG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against MEXC. 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
- $77.28
- Price spread: +0.098% → +0.177%
- −$7.92
- Slippage, 4 orders
- −$95.46
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$45.1
- Costs to cover
- 1.145%
- Break-even
- 11.1 days
Slippage from MEXC: live order book, 7 min ago; Gate: live order book, 9 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, 7 min ago | 0.55 bp | 8.8 bp −$9 | 41.0 bp −$410 | 190.3 bp −$19.0K | 577.5 bp −$288.7K |
| Sell Gate live order book, 9 min ago | 9.30 bp | 49.7 bp −$50 | doesn't fit | 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 | −0.3478% | 4h | 0.09123 | −0.371% | $29K | $77K | 20x | as long as short |
| Extended ONG-USD | −0.1080% | 1h | 0.09154 | −0.031% | $173K | $18K | 5x | as long as short |
| Binance ONGUSDT | −0.1080% | 4h | 0.09157 | 0.000% | $6.9M | $15.3M | 50x | as long as short |
| MEXC ONG_USDTlong | −0.1074% | 4h | 0.09157 | long leg | $10.0M | $379K | 20x | |
| Bitget ONGUSDT | −0.0768% | 4h | 0.09159 | +0.022% | $1.4M | $1.2M | 50x | as long as short |
| Aster ONGUSDT | −0.0761% | 1h | 0.09165 | +0.082% | $80K | $101K | 5x | as long as short |
| Gate ONG_USDTshort | −0.0706% | 4h | 0.09166 | +0.098% | $374K | $356K | 20x | |
| Bybit ONGUSDT | +0.0100% | 4h | 0.09177 | +0.218% | $2.5M | $3.1M | 20x | as long as short |
| BingX ONG-USDT | +0.0100% | 4h | 0.09167 | +0.109% | — | $1.4M | — | as long as short |
| Variational Omni ONG | +0.0100% | 4h | 0.09165 | +0.085% | $150K | $26K | — | as long as short |
HTX ONG-USDT
Extended ONG-USD
Binance ONGUSDT
Bitget ONGUSDT
Aster ONGUSDT
Bybit ONGUSDT
BingX ONG-USDT
Variational Omni ONG