ONT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1109%/8h= +121.4% APRnext payment +$5.55 per $10,000 · paid last 24h +0.498%

Price spread now: Bybit against MEXC−0.161%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1011.010% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.413%+$41 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.161%, 7d avg −0.008%

Together, before fees+0.647%+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.153% cheaper against MEXC than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of −0.008%). If the spread goes back, that is −$15 on $10k: about 11 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.413% in total) that is about 2.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.413% in total (about 21.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.55 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	MEXC ONT_USDT	0.05604	0.0100	pay 0.0050% / 4h	2h 42m	$1.5M	$156K	50x
Short	Bybit ONTUSDT	0.05595	0.1209	get 0.0605% / 4h	2h 42m	$797K	$328K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.161%Rate

Funding earned: $232.9
Price spread: −0.161% → −0.008%: −$15.29
Slippage, 4 orders: −$86.02
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $116.59
Costs to cover: 1.010%
Break-even: 3.5 days

Slippage from MEXC: live order book, 9 min ago; Bybit: live order book, 22 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 MEXC live order book, 9 min ago	1.78 bp	9.0 bp −$9	21.3 bp −$213	435.7 bp −$43.6K	doesn't fit
Sell Bybit live order book, 22 min ago	2.65 bp	39.9 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
Aster ONTUSDT	+0.0100%	4h	0.05610	+0.099%	$26K	$537	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05601	−0.054%	$2.4M	$2.7M	50x	as long as short
OKX ONT-USDT-SWAP	+0.0100%	4h	0.05602	−0.036%	$798K	$915K	20x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05609	+0.089%	$177K	$59K	50x	as long as short
MEXC ONT_USDTlong	+0.0100%	4h	0.05604	long leg	$1.5M	$156K	50x
KuCoin ONTUSDTM	+0.0100%	4h	0.05608	+0.071%	$520K	$46K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05604	0.000%	$793K	$334K	50x	as long as short
BloFin ONT-USDT	+0.0130%	4h	0.05623	+0.339%	$130K	$23K	50x	as long as short
Kraken Futures PF_ONTUSD	+0.0566%	1h	0.05616	+0.220%	$9K	$262	10x	as long as short
BingX ONT-USDT	+0.1022%	4h	0.05608	+0.071%	—	$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	+0.1063%	4h	0.05599	−0.087%	$4K	$3K	—	as long as short
Bybit ONTUSDTshort	+0.1209%	4h	0.05595	−0.161%	$797K	$328K	25x