Funding you earn now, next payment 04:00 UTC−0.0323%/8h= −35.3% APRnext payment −$1.61 per $10,000 · paid last 24h +0.303%
Price spread now: Bybit against BingX+0.098%7-day average +0.241% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1071.067% of the position
Funding, last 7 days−0.472%−$47 on $10k
+Price spread, last 7 days−0.001%$0 · spread now +0.098%, 7d avg +0.241%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.143% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.241%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ONG-USDT | 0.09221 | −0.0366 | get 0.0183% / 4h | 1h 35m | — | $1.4M | — |
| Short | Bybit ONGUSDT | 0.09230 | −0.0689 | pay 0.0344% / 4h | 1h 35m | $2.5M | $2.8M | 20x |
BingX ONG-USDT
Bybit ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$67.79
- Price spread: +0.098% → +0.241%
- −$14.33
- Slippage, 4 orders
- −$85.69
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$188.81
- Costs to cover
- 1.067%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 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 BingX live order book, 10 min ago | 4.36 bp | 16.4 bp −$16 | 35.0 bp −$350 | 247.5 bp −$24.7K | 425.8 bp −$212.9K |
| Sell Bybit live order book, 1 min ago | 3.25 bp | 41.8 bp −$42 | 442.9 bp −$4,429 | 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 | −0.2154% | 4h | 0.09167 | −0.586% | $28K | $35K | 20x | as long as short |
| Gate ONG_USDT | −0.0770% | 4h | 0.09221 | 0.000% | $372K | $346K | 20x | as long as short |
| MEXC ONG_USDT | −0.0770% | 4h | 0.09212 | −0.098% | $10.0M | $371K | 20x | as long as short |
| Extended ONG-USD | −0.0760% | 1h | 0.09217 | −0.044% | $175K | $18K | 5x | as long as short |
| Binance ONGUSDT | −0.0758% | 4h | 0.09211 | −0.104% | $6.7M | $14.9M | 50x | as long as short |
| Bybit ONGUSDTshort | −0.0689% | 4h | 0.09230 | +0.098% | $2.5M | $2.8M | 20x | |
| Variational Omni ONG | −0.0535% | 4h | 0.09225 | +0.046% | $152K | $24K | — | as long as short |
| Bitget ONGUSDT | −0.0516% | 4h | 0.09203 | −0.195% | $1.4M | $1.1M | 50x | as long as short |
| BingX ONG-USDTlong | −0.0366% | 4h | 0.09221 | long leg | — | $1.4M | — | |
| Aster ONGUSDT | −0.0333% | 1h | 0.09220 | −0.014% | $82K | $73K | 5x | as long as short |
HTX ONG-USDT
Gate ONG_USDT
MEXC ONG_USDT
Extended ONG-USD
Binance ONGUSDT
Variational Omni ONG
Bitget ONGUSDT
Aster ONGUSDT