Funding you earn now, next payment 00:00 UTC−0.1420%/8h= −155.5% APRnext payment −$7.10 per $10,000 · paid last 24h −0.400%
Price spread now: Gate against BingX+0.177%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1131.127% of the position
Funding, last 7 days−0.385%−$39 on $10k
+Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.177%, 7d avg +0.052%
=The price spread pays, funding is against you. Gate is 0.125% dearer against BingX than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of +0.052%): +$13 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.385% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.385% in total (about -20.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.10 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 | BingX ONT-USDT | 0.05648 | 0.1520 | pay 0.0760% / 4h | 48m 37s | — | $2.3M | — |
| Short | Gate ONT_USDT | 0.05658 | 0.0100 | get 0.0050% / 4h | 48m 37s | $173K | $58K | 50x |
BingX ONT-USDT
Gate ONT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$298.2
- Price spread: +0.177% → +0.052%
- $12.51
- Slippage, 4 orders
- −$87.74
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$398.43
- Costs to cover
- 1.127%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Gate: live order book, 22 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 BingX live order book, 10 min ago | 3.55 bp | 19.7 bp −$20 | 44.9 bp −$449 | 453.5 bp −$45.3K | 857.2 bp −$428.6K |
| Sell Gate live order book, 22 min ago | 2.67 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
ONT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ONTUSD | −0.0093% | 1h | 0.05648 | +0.007% | $9K | $231 | 10x | as long as short |
| OKX ONT-USDT-SWAP | +0.0065% | 4h | 0.05652 | +0.071% | $799K | $904K | 20x | as long as short |
| BloFin ONT-USDT | +0.0099% | 4h | 0.05647 | −0.018% | $131K | $23K | 50x | as long as short |
| Aster ONTUSDT | +0.0100% | 4h | 0.05652 | +0.077% | $27K | $388 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05650 | +0.035% | $2.4M | $2.6M | 50x | as long as short |
| Gate ONT_USDTshort | +0.0100% | 4h | 0.05658 | +0.177% | $173K | $58K | 50x | |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05649 | +0.018% | $1.5M | $138K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05652 | +0.071% | $526K | $50K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05652 | +0.071% | $819K | $314K | 50x | as long as short |
| Variational Omni ONT | +0.1193% | 4h | 0.05640 | −0.136% | $4K | $3K | — | as long as short |
Kraken Futures PF_ONTUSD
OKX ONT-USDT-SWAP
BloFin ONT-USDT
Aster ONTUSDT
Binance ONTUSDT
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ONT-USDTlong | +0.1520% | 4h | 0.05648 | long leg | — | $2.3M | — | |
| Bybit ONTUSDT | +0.1705% | 4h | 0.05638 | −0.177% | $801K | $317K | 25x | as long as short |
Bybit ONTUSDT