Settings8H · net · $10k
Funding arb · Price arb /

ONG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0727%/8h= +79.6% APRpaid last 24h −0.012%
Price spread now: BingX against Aster−0.088%7-day average +0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$780.782% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.677%+$68 on $10k
Price spread, last 4 days (all we have)+0.441%+$44 · spread now −0.088%, 7d avg +0.069%
Together, before fees+1.119%+ Points / potential airdropAster: Stage 5 · farm board+$112 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.157% cheaper against Aster than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.069%). If the spread goes back, that is −$16 on $10k: about 17 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.677% in total) that is about 39 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ONGUSDT0.09079−0.0627get 0.0078% / 1h32m 37s$78K$100K5x
ShortBingX ONG-USDT0.090710.0100get 0.0050% / 4h1h 32m$1.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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

Funding earned
$152.59
Price spread: −0.088% → +0.069%
−$15.73
Slippage, 4 orders
−$60.23
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
$58.63
Costs to cover
0.782%
Break-even
4.3 days
Slippage from Aster: live order book, 48 min ago; BingX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 48 min ago3.87 bp17.3 bp −$17465.9 bp −$4,659doesn't fitdoesn't fit
Sell BingX live order book, 14 min ago3.86 bp18.4 bp −$1842.8 bp −$428253.0 bp −$25.3K460.3 bp −$230.2K

ONG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ONG-USDT−0.3292%4h0.09031−0.529%$28K$83K20xas long as short
Binance ONGUSDT−0.1011%4h0.09062−0.188%$6.8M$15.3M50xas long as short
MEXC ONG_USDT−0.1010%4h0.09063−0.176%$9.9M$377K20xas long as short
Extended ONG-USD−0.1008%1h0.09061−0.195%$171K$18K5xas long as short
Bitget ONGUSDT−0.0684%4h0.09060−0.209%$1.4M$1.2M50xas long as short
Aster ONGUSDTlong−0.0627%1h0.09079long leg$78K$100K5x
Gate ONG_USDT−0.0612%4h0.09062−0.187%$370K$354K20xas long as short
Bybit ONGUSDT+0.0100%4h0.09082+0.033%$2.5M$3.2M20xas long as short
BingX ONG-USDTshort+0.0100%4h0.09071−0.088%$1.4M
Variational Omni ONG+0.0100%4h0.09077−0.017%$149K$31Kas long as short