data as of
Settings8H · net · $10k
Funding arb /

ONG

all ONG markets
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Funding spread now, next payment 16:00 UTC−0.1806%/8h
next payment, per $10,000$9.03paid, last 24h−0.216%paid, last 3 days−0.358%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid -0.358% in total (about -44.2% a year). A funding rate is set anew for every payment; at this rate the next one is about $9.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ONG0.08953−0.0764get 0.0382% / 4h59m 30s$133K$61K
ShortMEXC ONG_USDT0.08881−0.2570pay 0.1285% / 4h59m 30s$9.6M$401K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$379.21
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$383.21
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 56 min ago; MEXC: live order book, 5 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.800%
Avg gap 7d
−0.635%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 56 min ago3.91 bpdoesn't fit613.5 bp −$6,135doesn't fitdoesn't fit
Sell MEXC live order book, 5 min ago1.68 bp10.1 bp −$1037.1 bp −$371183.1 bp −$18.3Kdoesn't fit

ONG on 10 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC ONG_USDTshort−0.2570%4h$9.6M$401K20x
Extended ONG-USD−0.2568%1h$155K$24K5xas long as short
Binance ONGUSDT−0.2565%4h$6.8M$16.7M50xas long as short
BingX ONG-USDT−0.2458%4h$1.3Mas long as short
Bitget ONGUSDT−0.2250%4h$1.4M$1.3M50xas long as short
Aster ONGUSDT−0.1762%1h$79K$132K5xas long as short
Gate ONG_USDT−0.1356%4h$371K$275K20xas long as short
HTX ONG-USDT−0.1217%4h$28K$171K20xas long as short
Variational Omni ONGlong−0.0764%4h$133K$61K
Bybit ONGUSDT−0.0475%4h$2.4M$3.5M20xas long as short