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

ONG

all ONG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.3603%/8h= −394.5% APRnext payment $18.01 per $10,000 · paid last 24h −0.037%
Price spread now: HTX against BingX−0.480%7-day average −0.503% · 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 7 days−0.777%−$78 on $10k
Price spread, last 3 days (all we have)−0.297%−$30 · spread now −0.480%, 7d avg −0.503%
Together, before fees−1.074%−$107 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.023% dearer against BingX than usual: you sell high and buy low (spread −0.480% now, against its 7-day average of −0.503%): +$2 on $10k if it goes back. Holding the pair costs −$108 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 7 days (−0.777% in total) that is about 5 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.777% in total (about -40.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $18.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ONG-USDT0.091680.0100pay 0.0050% / 4h1h 03m$1.4M
ShortHTX ONG-USDT0.09124−0.3503pay 0.1751% / 4h1h 03m$29K$77K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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
−$756.6
Price spread: −0.480% → −0.503%
$2.27
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$776.33
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 7 min ago; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago4.37 bp15.9 bp −$1637.1 bp −$371287.0 bp −$28.7K412.6 bp −$206.3K
Sell HTX no order-book sample
HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ONG-USDTshort−0.3503%4h0.09124−0.480%$29K$77K20x
Binance ONGUSDT−0.1089%4h0.09159−0.098%$6.9M$15.3M50xas long as short
Extended ONG-USD−0.1088%1h0.09157−0.118%$173K$18K5xas long as short
MEXC ONG_USDT−0.1084%4h0.09162−0.065%$10.0M$380K20xas long as short
Bitget ONGUSDT−0.0786%4h0.09164−0.044%$1.4M$1.2M50xas long as short
Aster ONGUSDT−0.0778%1h0.09166−0.020%$80K$101K5xas long as short
Gate ONG_USDT−0.0700%4h0.091680.000%$374K$357K20xas long as short
Bybit ONGUSDT+0.0100%4h0.09180+0.131%$2.5M$3.1M20xas long as short
BingX ONG-USDTlong+0.0100%4h0.09168long leg$1.4M
Variational Omni ONG+0.0100%4h0.09175+0.074%$150K$26Kas long as short