Funding arb · Price arb /

ONT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin−0.036%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$430as in the Funding arb table

Net, price: spread back to 7d avg − costs−$435as in the Price arb table

costs, in and out, $10k−$4404.400% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.036%, 7d avg −0.084%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.048% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONTUSDTM	0.05615	0.0100	pay 0.0050% / 4h	3h 21m	$518K	$40K	30x
Short	Bitget ONTUSDT	0.05613	0.0100	get 0.0050% / 4h	3h 21m	$797K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.084%: $4.8
Slippage, 4 orders: −$416.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$435.21
Costs to cover: 4.400%
Break-even: never at this rate

Slippage from KuCoin: live order book, 52 min ago; Bitget: 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 KuCoin live order book, 52 min ago	10.64 bp	150.2 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 29 min ago	1.77 bp	13.5 bp −$13	42.5 bp −$425	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
Aster ONTUSDT	+0.0100%	4h	0.05615	+0.003%	$27K	$537	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05617	+0.032%	$2.4M	$2.6M	50x	as long as short
Bybit ONTUSDT	+0.0100%	4h	0.05610	−0.089%	$792K	$324K	25x	as long as short
OKX ONT-USDT-SWAP	+0.0100%	4h	0.05614	−0.018%	$794K	$897K	20x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05617	+0.036%	$174K	$55K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05614	−0.018%	$1.4M	$154K	50x	as long as short
KuCoin ONTUSDTMlong	+0.0100%	4h	0.05615	long leg	$518K	$40K	30x
Bitget ONTUSDTshort	+0.0100%	4h	0.05613	−0.036%	$797K	$267K	50x
BingX ONT-USDT	+0.0100%	4h	0.05618	+0.053%	—	$2.3M	—	as long as short
BloFin ONT-USDT	+0.0152%	4h	0.05611	−0.071%	$129K	$14K	50x	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	+0.0197%	4h	0.05613	−0.027%	$4K	$3K	—	as long as short
Kraken Futures PF_ONTUSD	+0.0982%	1h	0.05611	−0.072%	$9K	$317	10x	as long as short