Funding you earn now, next payment 00:00 UTC−0.1199%/8h= −131.3% APRnext payment −$5.99 per $10,000 · paid last 24h −0.355%
Price spread now: Binance against Bybit−0.159%7-day average −0.367% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$950.948% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 7 days−0.085%−$9 · spread now −0.159%, 7d avg −0.367%
=The price spread pays, funding is against you. Binance is 0.208% dearer against Bybit than usual: you sell high and buy low (spread −0.159% now, against its 7-day average of −0.367%): +$21 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.149% in total) that is about 9.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.99 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 | Bybit ONGUSDT | 0.09256 | 0.0100 | pay 0.0050% / 4h | 26m 43s | $2.6M | $3.1M | 20x |
| Short | Binance ONGUSDT | 0.09241 | −0.1099 | pay 0.0549% / 4h | 26m 43s | $6.9M | $15.5M | 50x |
Bybit ONGUSDT
Binance ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$251.71
- Price spread: −0.159% → −0.367%
- $20.85
- Slippage, 4 orders
- −$73.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$325.62
- Costs to cover
- 0.948%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 14 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 Bybit live order book, 6 min ago | 1.62 bp | 33.5 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.08 bp | 15.0 bp −$15 | 43.0 bp −$430 | 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 | −0.3495% | 4h | 0.09202 | −0.583% | $29K | $73K | 20x | as long as short |
| Extended ONG-USD | −0.1104% | 1h | 0.09240 | −0.169% | $174K | $18K | 5x | as long as short |
| MEXC ONG_USDT | −0.1100% | 4h | 0.09243 | −0.140% | $10.0M | $377K | 20x | as long as short |
| Binance ONGUSDTshort | −0.1099% | 4h | 0.09241 | −0.159% | $6.9M | $15.5M | 50x | |
| Aster ONGUSDT | −0.0795% | 1h | 0.09256 | 0.000% | $85K | $104K | 5x | as long as short |
| Bitget ONGUSDT | −0.0770% | 4h | 0.09242 | −0.151% | $1.4M | $1.2M | 50x | as long as short |
| Gate ONG_USDT | −0.0758% | 4h | 0.09241 | −0.162% | $378K | $339K | 20x | as long as short |
| Bybit ONGUSDTlong | +0.0100% | 4h | 0.09256 | long leg | $2.6M | $3.1M | 20x | |
| BingX ONG-USDT | +0.0100% | 4h | 0.09250 | −0.065% | — | $1.4M | — | as long as short |
| Variational Omni ONG | +0.0100% | 4h | 0.09245 | −0.114% | $152K | $25K | — | as long as short |
HTX ONG-USDT
Extended ONG-USD
MEXC ONG_USDT
Aster ONGUSDT
Bitget ONGUSDT
Gate ONG_USDT
BingX ONG-USDT
Variational Omni ONG