Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.521%
Price spread now: Bybit against Gate−0.107%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1481.485% of the position
Funding, last 7 days+0.423%+$42 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.107%, 7d avg −0.067%
=Funding pays, the price is against you. Bybit is 0.040% cheaper against Gate than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.067%). If the spread goes back, that is −$4 on $10k: about 5.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.423% in total) that is about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ONT_USDT | 0.05610 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $173K | $60K | 50x |
| Short | Bybit ONTUSDT | 0.05604 | 0.0125 | get 0.0063% / 4h | 2h 15m | $795K | $330K | 25x |
Gate ONT_USDT
Bybit ONTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $5.28
- Price spread: −0.107% → −0.067%
- −$3.97
- Slippage, 4 orders
- −$122.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$147.15
- Costs to cover
- 1.485%
- Break-even
- 202.3 days
Slippage from Gate: live order book, 25 min ago; Bybit: live order book, 29 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 Gate live order book, 25 min ago | 4.48 bp | 37.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 29 min ago | 2.68 bp | 39.6 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ONT-USDT-SWAP | +0.0069% | 4h | 0.05608 | −0.036% | $786K | $904K | 20x | as long as short |
| Aster ONTUSDT | +0.0100% | 4h | 0.05613 | +0.047% | $27K | $537 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05611 | +0.027% | $2.4M | $2.7M | 50x | as long as short |
| Gate ONT_USDTlong | +0.0100% | 4h | 0.05610 | long leg | $173K | $60K | 50x | |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05612 | +0.036% | $1.4M | $154K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05610 | 0.000% | $516K | $38K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05611 | +0.018% | $822K | $271K | 50x | as long as short |
| BingX ONT-USDT | +0.0100% | 4h | 0.05611 | +0.018% | — | $2.3M | — | as long as short |
| Variational Omni ONT | +0.0100% | 4h | 0.05605 | −0.088% | $4K | $3K | — | as long as short |
| Bybit ONTUSDTshort | +0.0125% | 4h | 0.05604 | −0.107% | $795K | $330K | 25x |
OKX ONT-USDT-SWAP
Aster ONTUSDT
Binance ONTUSDT
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
BingX ONT-USDT
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ONT-USDT | +0.0154% | 4h | 0.05611 | +0.018% | $128K | $15K | 50x | as long as short |
| Kraken Futures PF_ONTUSD | +0.0893% | 1h | 0.05612 | +0.029% | $9K | $384 | 10x | as long as short |
BloFin ONT-USDT
Kraken Futures PF_ONTUSD