Funding arb · Price arb /

ONG

all ONG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0343%/8h= +37.6% APRpaid last 24h +0.064%

Price spread now: Aster against Binance+0.033%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Aster is 0.033% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.062%, 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 7 days it paid -0.062% in total (about -3.2% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONGUSDT	0.09112	−0.0914	get 0.0457% / 4h	2h 22m	$6.6M	$15.0M	50x
Short	Aster ONGUSDT	0.09115	−0.0570	pay 0.0071% / 1h	22m 31s	$81K	$74K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.033%Rate

Funding earned: $72.07
Price spread: +0.033% → 0.000%: $3.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $57.36
Costs to cover: 0.180%
Break-even: 1.4 days

Slippage unknown: Binance: live order book, 3 min ago; Aster: no order-book sample. Net counts fees only.

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 Binance live order book, 3 min ago	0.55 bp	13.2 bp −$13	32.5 bp −$325	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONG on 10 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
HTX ONG-USDT	−0.2358%	4h	0.09068	−0.483%	$28K	$47K	20x	as long as short
Gate ONG_USDT	−0.1058%	4h	0.09098	−0.154%	$368K	$347K	20x	as long as short
MEXC ONG_USDT	−0.0922%	4h	0.09105	−0.077%	$9.9M	$376K	20x	as long as short
Extended ONG-USD	−0.0920%	1h	0.09105	−0.081%	$172K	$18K	5x	as long as short
Binance ONGUSDTlong	−0.0914%	4h	0.09112	long leg	$6.6M	$15.0M	50x
Bybit ONGUSDT	−0.0598%	4h	0.09115	+0.033%	$2.5M	$2.9M	20x	as long as short
Aster ONGUSDTshort	−0.0570%	1h	0.09115	+0.033%	$81K	$74K	5x
Bitget ONGUSDT	−0.0548%	4h	0.09104	−0.088%	$1.4M	$1.1M	50x	as long as short
Variational Omni ONG	−0.0354%	4h	0.09097	−0.159%	$150K	$24K	—	as long as short
BingX ONG-USDT	−0.0320%	4h	0.09115	+0.033%	—	$1.4M	—	as long as short