ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1224%/8h= −134.0% APRnext payment −$6.12 per $10,000 · paid last 24h −0.362%

Price spread now: Binance against Variational Omni−0.274%7-day average −0.606% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.321%+$32 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.274%, 7d avg −0.606%

Together, before fees+0.330%+ Points / potential airdropVariational Omni: Active · farm board+$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.332% dearer against Variational Omni than usual: you sell high and buy low (spread −0.274% now, against its 7-day average of −0.606%): +$33 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 22 hours. Mind the row above: over the last 3 days funding on this pair paid +0.321%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.321% in total (about 35.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.12 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	Variational Omni ONG	0.09253	0.0100	pay 0.0050% / 4h	42m 34s	$152K	$24K	—
Short	Binance ONGUSDT	0.09228	−0.1124	pay 0.0562% / 4h	42m 34s	$6.9M	$15.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.274%Rate

Funding earned: −$256.95
Price spread: −0.274% → −0.606%: $33.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$233.71
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Binance: live order book, 13 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 Variational Omni RFQ quote, 36 min ago	6.03 bp	doesn't fit	510.3 bp −$5,103	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.54 bp	14.8 bp −$15	37.6 bp −$376	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	−0.3550%	4h	0.09195	−0.631%	$29K	$73K	20x	as long as short
Binance ONGUSDTshort	−0.1124%	4h	0.09228	−0.274%	$6.9M	$15.4M	50x
Extended ONG-USD	−0.1120%	1h	0.09224	−0.314%	$174K	$18K	5x	as long as short
MEXC ONG_USDT	−0.1118%	4h	0.09228	−0.274%	$10.0M	$372K	20x	as long as short
Aster ONGUSDT	−0.0831%	1h	0.09241	−0.133%	$80K	$104K	5x	as long as short
Bitget ONGUSDT	−0.0810%	4h	0.09233	−0.220%	$1.4M	$1.2M	50x	as long as short
Gate ONG_USDT	−0.0732%	4h	0.09237	−0.177%	$376K	$337K	20x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09245	−0.090%	$2.6M	$3.1M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09240	−0.144%	—	$1.4M	—	as long as short
Variational Omni ONGlong	+0.0100%	4h	0.09253	long leg	$152K	$24K	—