ONT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0227%/8h= −24.9% APRnext payment −$1.14 per $10,000 · paid last 24h −0.007%

Price spread now: OKX against Gate−0.036%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.036%, 7d avg −0.083%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.047% dearer against Gate than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.083%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.074% in total) that is about 4.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.14 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	Gate ONT_USDT	0.05580	0.0100	pay 0.0050% / 4h	3h 26m	$171K	$58K	50x
Short	OKX ONT-USDT-SWAP	0.05578	−0.0127	pay 0.0064% / 4h	3h 26m	$778K	$902K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$47.75
Price spread: −0.036% → −0.083%: $4.67
Slippage, 4 orders: −$81.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$149.4
Costs to cover: 1.063%
Break-even: never at this rate

Slippage from Gate: live order book, 64 min ago; OKX: live order book, 5 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, 64 min ago	4.47 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.69 bp	17.2 bp −$17	65.6 bp −$656	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-SWAPshort	−0.0127%	4h	0.05578	−0.036%	$778K	$902K	20x
BloFin ONT-USDT	+0.0093%	4h	0.05580	0.000%	$128K	$15K	50x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05581	+0.025%	$26K	$168	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05583	+0.054%	$2.4M	$2.7M	50x	as long as short
Bybit ONTUSDT	+0.0100%	4h	0.05576	−0.072%	$785K	$320K	25x	as long as short
Gate ONT_USDTlong	+0.0100%	4h	0.05580	long leg	$171K	$58K	50x
MEXC ONT_USDT	+0.0100%	4h	0.05582	+0.036%	$1.5M	$151K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05581	+0.018%	$510K	$35K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05580	0.000%	$793K	$290K	50x	as long as short
BingX ONT-USDT	+0.0100%	4h	0.05578	−0.036%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ONT	+0.0258%	4h	0.05568	−0.214%	$4K	$3K	—	as long as short
Kraken Futures PF_ONTUSD	+0.0925%	1h	0.05580	−0.007%	$9K	$397	10x	as long as short