Funding you earn now, next payment 04:00 UTC−0.1037%/8h= −113.6% APRnext payment −$5.19 per $10,000 · paid last 24h −0.472%
Price spread now: OKX against BingX−0.089%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$690.686% of the position
Funding, last 7 days−0.540%−$54 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.089%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and OKX is 0.060% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.540% in total (about -28.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.19 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 | 0.05636 | 0.1136 | pay 0.0568% / 4h | 3h 29m | — | $2.3M | — |
| Short | OKX ONT-USDT-SWAP | 0.05631 | 0.0099 | get 0.0049% / 4h | 3h 29m | $796K | $878K | 20x |
BingX ONT-USDT
OKX ONT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$217.77
- Price spread: −0.089% → −0.029%
- −$5.98
- Slippage, 4 orders
- −$48.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$292.4
- Costs to cover
- 0.686%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; OKX: live order book, 42 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, 4 min ago | 4.43 bp | 20.0 bp −$20 | 46.1 bp −$461 | 512.6 bp −$51.3K | 958.2 bp −$479.1K |
| Sell OKX live order book, 42 min ago | 1.78 bp | 15.7 bp −$16 | 70.7 bp −$707 | 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 | 0.0000% | 1h | 0.05638 | +0.043% | $9K | $236 | 10x | as long as short |
| BloFin ONT-USDT | +0.0051% | 4h | 0.05638 | +0.035% | $131K | $23K | 50x | as long as short |
| OKX ONT-USDT-SWAPshort | +0.0099% | 4h | 0.05631 | −0.089% | $796K | $878K | 20x | |
| Aster ONTUSDT | +0.0100% | 4h | 0.05642 | +0.104% | $27K | $388 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05638 | +0.042% | $2.4M | $2.6M | 50x | as long as short |
| Gate ONT_USDT | +0.0100% | 4h | 0.05640 | +0.071% | $175K | $56K | 50x | as long as short |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05638 | +0.035% | $1.5M | $151K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05635 | −0.018% | $524K | $45K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05638 | +0.035% | $802K | $317K | 50x | as long as short |
| BingX ONT-USDTlong | +0.1136% | 4h | 0.05636 | long leg | — | $2.3M | — |
Kraken Futures PF_ONTUSD
BloFin ONT-USDT
Aster ONTUSDT
Binance ONTUSDT
Gate ONT_USDT
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ONT | +0.1137% | 4h | 0.05631 | −0.095% | $4K | $3K | — | as long as short |
| Bybit ONTUSDT | +0.1331% | 4h | 0.05632 | −0.071% | $800K | $314K | 25x | as long as short |
Variational Omni ONT
Bybit ONTUSDT