ONT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1496%/8h= +163.8% APRnext payment +$7.48 per $10,000 · paid last 24h +0.427%

Price spread now: Bybit against OKX−0.196%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1131.130% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.388%+$39 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.196%, 7d avg +0.025%

Together, before fees+0.597%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.221% cheaper against OKX than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of +0.025%). If the spread goes back, that is −$22 on $10k: about 12 hours of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.388% in total) that is about 4.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.388% in total (about 20.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.48 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	OKX ONT-USDT-SWAP	0.05606	−0.0060	get 0.0030% / 4h	1h 13m	$805K	$878K	20x
Short	Bybit ONTUSDT	0.05595	0.1436	get 0.0718% / 4h	1h 13m	$795K	$317K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.196%Rate

Funding earned: $314.12
Price spread: −0.196% → +0.025%: −$22.09
Slippage, 4 orders: −$91.97
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $179.05
Costs to cover: 1.130%
Break-even: 3.0 days

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 1 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 OKX live order book, 3 min ago	1.78 bp	15.2 bp −$15	70.3 bp −$703	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.68 bp	38.4 bp −$38	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	−0.0405%	1h	0.05611	+0.097%	$9K	$231	10x	as long as short
OKX ONT-USDT-SWAPlong	−0.0060%	4h	0.05606	long leg	$805K	$878K	20x
Aster ONTUSDT	+0.0100%	4h	0.05613	+0.119%	$27K	$388	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05609	+0.049%	$2.4M	$2.6M	50x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05610	+0.071%	$172K	$60K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05606	0.000%	$1.5M	$138K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05610	+0.071%	$522K	$50K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05611	+0.089%	$813K	$315K	50x	as long as short
BloFin ONT-USDT	+0.0133%	4h	0.05606	0.000%	$131K	$25K	50x	as long as short
Variational Omni ONT	+0.1130%	4h	0.05595	−0.200%	$4K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONTUSDTshort	+0.1436%	4h	0.05595	−0.196%	$795K	$317K	25x
BingX ONT-USDT	+0.1486%	4h	0.05605	−0.018%	—	$2.3M	—	as long as short