Funding you earn now, next payment 04:00 UTC+0.1150%/8h= +125.9% APRnext payment +$5.75 per $10,000 · paid last 24h +0.540%
Price spread now: Bybit against Binance+0.120%7-day average +0.367% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$980.982% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 7 days+0.105%+$11 · spread now +0.120%, 7d avg +0.367%
=Funding pays, the price is against you. Bybit is 0.247% cheaper against Binance than usual: you would sell low and buy high (spread +0.120% now, against its 7-day average of +0.367%). If the spread goes back, that is −$25 on $10k: about 17 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.192% in total) that is about 9.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.75 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 | Binance ONGUSDT | 0.09179 | −0.1050 | get 0.0525% / 4h | 3h 05m | $6.8M | $14.9M | 50x |
| Short | Bybit ONGUSDT | 0.09190 | 0.0100 | get 0.0050% / 4h | 3h 05m | $2.6M | $2.8M | 20x |
Binance ONGUSDT
Bybit ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $241.47
- Price spread: +0.120% → +0.367%
- −$24.71
- Slippage, 4 orders
- −$77.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $118.56
- Costs to cover
- 0.982%
- Break-even
- 3.6 days
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 2 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 Binance live order book, 5 min ago | 0.55 bp | 12.8 bp −$13 | 35.5 bp −$355 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.17 bp | 36.8 bp −$37 | 369.5 bp −$3,695 | doesn't fit | doesn't fit |
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 | −0.3022% | 4h | 0.09162 | −0.185% | $28K | $53K | 20x | as long as short |
| Binance ONGUSDTlong | −0.1050% | 4h | 0.09179 | long leg | $6.8M | $14.9M | 50x | |
| Extended ONG-USD | −0.1048% | 1h | 0.09177 | −0.027% | $174K | $18K | 5x | as long as short |
| MEXC ONG_USDT | −0.1048% | 4h | 0.09179 | 0.000% | $10.0M | $398K | 20x | as long as short |
| Gate ONG_USDT | −0.0840% | 4h | 0.09182 | +0.033% | $377K | $343K | 20x | as long as short |
| Aster ONGUSDT | −0.0776% | 1h | 0.09178 | −0.006% | $82K | $82K | 5x | as long as short |
| Bitget ONGUSDT | −0.0632% | 4h | 0.09177 | −0.022% | $1.4M | $1.1M | 50x | as long as short |
| Variational Omni ONG | +0.0010% | 4h | 0.09176 | −0.029% | $152K | $25K | — | as long as short |
| Bybit ONGUSDTshort | +0.0100% | 4h | 0.09190 | +0.120% | $2.6M | $2.8M | 20x | |
| BingX ONG-USDT | +0.0100% | 4h | 0.09182 | +0.033% | — | $1.4M | — | as long as short |
HTX ONG-USDT
Extended ONG-USD
MEXC ONG_USDT
Gate ONG_USDT
Aster ONGUSDT
Bitget ONGUSDT
Variational Omni ONG
BingX ONG-USDT