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

ONG

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0532%/8h= +58.2% APRpaid last 24h +0.319%
Price spread now: Variational Omni against Aster−0.882%7-day average +0.529% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.128%−$13 on $10k
Price spread, last 3 days (all we have)+1.189%+$119 · spread now −0.882%, 7d avg +0.529%
Together, before fees+1.061%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$106 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 1.411% cheaper against Aster than usual: you would sell low and buy high (spread −0.882% now, against its 7-day average of +0.529%). If the spread goes back, that is −$141 on $10k: about 8.8 days of funding at the current rate (+$16 a day). Mind the row above: over the last 3 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.128% in total (about -14.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ONGUSDT0.09132−0.0520get 0.0065% / 1h27m 04s$77K$100K5x
ShortVariational Omni ONG0.090510.0011get 0.0006% / 4h2h 27m$148K$45K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$111.68
Price spread: −0.882% → +0.529%
−$141.13
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$37.46
Costs to cover
0.080%
Break-even
9.3 days
Slippage unknown: Aster: live order book, 58 min ago; Variational Omni: RFQ quote, 62 min ago. Net counts fees only.

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, 58 min ago4.98 bp16.8 bp −$17441.7 bp −$4,417doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 62 min ago6.61 bpdoesn't fit488.2 bp −$4,882doesn't fitdoesn't fit

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−0.3179%4h0.09035−1.058%$28K$95K20xas long as short
MEXC ONG_USDT−0.1072%4h0.09115−0.182%$9.9M$385K20xas long as short
Extended ONG-USD−0.1064%1h0.09099−0.357%$172K$18K5xas long as short
Binance ONGUSDT−0.1062%4h0.09098−0.364%$6.8M$15.6M50xas long as short
Bitget ONGUSDT−0.0792%4h0.09099−0.357%$1.4M$1.2M50xas long as short
Gate ONG_USDT−0.0566%4h0.09111−0.226%$370K$359K20xas long as short
Aster ONGUSDTlong−0.0520%1h0.09132long leg$77K$100K5x
Variational Omni ONGshort+0.0011%4h0.09051−0.882%$148K$45K
Bybit ONGUSDT+0.0100%4h0.09124−0.084%$2.5M$3.2M20xas long as short
BingX ONG-USDT+0.0100%4h0.09122−0.105%$1.3Mas long as short