Funding you earn now, next payment 00:00 UTC−0.1689%/8h= −184.9% APRnext payment −$8.44 per $10,000 · paid last 24h −0.420%
Price spread now: Gate against Bybit+0.375%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1731.733% of the position
Funding, last 7 days−0.313%−$31 on $10k
+Price spread, last 4 days (all we have)−0.442%−$44 · spread now +0.375%, 7d avg +0.050%
=The price spread pays, funding is against you. Gate is 0.325% dearer against Bybit than usual: you sell high and buy low (spread +0.375% now, against its 7-day average of +0.050%): +$32 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.313% in total) that is about 7.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.313% in total (about -16.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.44 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 | Bybit ONTUSDT | 0.05599 | 0.1789 | pay 0.0894% / 4h | 2h 10m | $798K | $319K | 25x |
| Short | Gate ONT_USDT | 0.05620 | 0.0100 | get 0.0050% / 4h | 2h 10m | $172K | $61K | 50x |
Bybit ONTUSDT
Gate ONT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$354.59
- Price spread: +0.375% → +0.050%
- $32.49
- Slippage, 4 orders
- −$147.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$495.44
- Costs to cover
- 1.733%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 10 min ago; Gate: live order book, 6 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 Bybit live order book, 10 min ago | 3.56 bp | 49.4 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 2.67 bp | 29.3 bp −$29 | 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 | −0.0088% | 1h | 0.05611 | +0.209% | $9K | $231 | 10x | as long as short |
| OKX ONT-USDT-SWAP | +0.0032% | 4h | 0.05611 | +0.214% | $803K | $879K | 20x | as long as short |
| Aster ONTUSDT | +0.0100% | 4h | 0.05616 | +0.308% | $27K | $388 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05611 | +0.214% | $2.4M | $2.7M | 50x | as long as short |
| Gate ONT_USDTshort | +0.0100% | 4h | 0.05620 | +0.375% | $172K | $61K | 50x | |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05610 | +0.196% | $1.4M | $140K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05615 | +0.286% | $523K | $54K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05612 | +0.232% | $809K | $316K | 50x | as long as short |
| BloFin ONT-USDT | +0.0103% | 4h | 0.05614 | +0.268% | $131K | $25K | 50x | as long as short |
| Variational Omni ONT | +0.1498% | 4h | 0.05600 | +0.015% | $4K | $3K | — | as long as short |
Kraken Futures PF_ONTUSD
OKX ONT-USDT-SWAP
Aster ONTUSDT
Binance ONTUSDT
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
BloFin ONT-USDT
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONTUSDTlong | +0.1789% | 4h | 0.05599 | long leg | $798K | $319K | 25x | |
| BingX ONT-USDT | +0.1804% | 4h | 0.05609 | +0.179% | — | $2.3M | — | as long as short |
BingX ONT-USDT