Funding arb · Price arb /

ONG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.289%

Price spread now: Bitget against Bybit+0.055%7-day average −0.265% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$1101.099% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days−0.137%−$14 · spread now +0.055%, 7d avg −0.265%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.320% dearer against Bybit than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.265%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ONGUSDT	0.09148	0.0100	pay 0.0050% / 4h	2h 20m	$2.3M	$2.9M	20x
Short	Bitget ONGUSDT	0.09153	0.0100	get 0.0050% / 4h	2h 20m	$1.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.265%: $31.99
Slippage, 4 orders: −$86.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.92
Costs to cover: 1.099%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 4 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, 5 min ago	2.73 bp	33.2 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.28 bp	18.6 bp −$19	90.5 bp −$905	doesn't fit	doesn't fit

ONG on 10 exchanges

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	−0.1501%	4h	0.09125	−0.251%	$28K	$39K	20x	as long as short
Binance ONGUSDT	+0.0014%	4h	0.09147	−0.010%	$6.3M	$15.2M	50x	as long as short
Extended ONG-USD	+0.0016%	1h	0.09144	−0.041%	$171K	$18K	5x	as long as short
MEXC ONG_USDT	+0.0016%	4h	0.09146	−0.022%	$10.0M	$380K	20x	as long as short
Gate ONG_USDT	+0.0090%	4h	0.09141	−0.077%	$354K	$348K	20x	as long as short
Aster ONGUSDT	+0.0100%	1h	0.09153	+0.059%	$69K	$52K	5x	as long as short
Bybit ONGUSDTlong	+0.0100%	4h	0.09148	long leg	$2.3M	$2.9M	20x
Bitget ONGUSDTshort	+0.0100%	4h	0.09153	+0.055%	$1.4M	$1.2M	50x
BingX ONG-USDT	+0.0100%	4h	0.09150	+0.022%	—	$1.5M	—	as long as short
Variational Omni ONG	+0.0100%	4h	0.09139	−0.102%	$131K	$35K	—	as long as short