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

ONG

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0392%/8h= −42.9% APRnext payment −$1.96 per $10,000 · paid last 24h −0.111%
Price spread now: MEXC against Bitget−0.088%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$640.635% of the position
Long on BitgetShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.195%−$19 on $10k
Price spread, last 7 days−0.015%−$1 · spread now −0.088%, 7d avg −0.091%
Together, before fees−0.209%−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 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
LongBitget ONGUSDT0.09118−0.0772get 0.0386% / 4h3h 35m$1.4M$1.1M50x
ShortMEXC ONG_USDT0.09110−0.1164pay 0.0582% / 4h3h 35m$9.9M$393K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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
−$82.32
Price spread: −0.088% → −0.091%
$0.35
Slippage, 4 orders
−$47.53
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$145.5
Costs to cover
0.635%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago4.39 bp16.8 bp −$1785.7 bp −$857doesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago0.55 bp9.6 bp −$1046.6 bp −$466212.3 bp −$21.2Kdoesn'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−0.3531%4h0.09077−0.450%$28K$59K20xas long as short
MEXC ONG_USDTshort−0.1164%4h0.09110−0.088%$9.9M$393K20x
Extended ONG-USD−0.1160%1h0.09109−0.101%$172K$18K5xas long as short
Binance ONGUSDT−0.1159%4h0.09111−0.077%$6.7M$14.9M50xas long as short
Gate ONG_USDT−0.1062%4h0.09111−0.077%$373K$339K20xas long as short
Aster ONGUSDT−0.1006%1h0.09119+0.009%$82K$82K5xas long as short
Bitget ONGUSDTlong−0.0772%4h0.09118long leg$1.4M$1.1M50x
BingX ONG-USDT−0.0332%4h0.09120+0.022%—$1.4M—as long as short
Bybit ONGUSDT−0.0272%4h0.09132+0.154%$2.5M$3.0M20xas long as short
Variational Omni ONG−0.0013%4h0.09122+0.039%$151K$25K—as long as short