ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2015%/8h= −220.6% APRnext payment −$10.07 per $10,000 · paid last 24h −0.596%

Price spread now: HTX against Bybit−0.231%7-day average −0.919% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.528%−$53 on $10k

Price spread, last 3 days (all we have)−0.684%−$68 · spread now −0.231%, 7d avg −0.919%

Together, before fees−1.212%−$121 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.688% dearer against Bybit than usual: you sell high and buy low (spread −0.231% now, against its 7-day average of −0.919%): +$69 on $10k if it goes back. Holding the pair costs −$60 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.528% in total) that is about 9.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.528% in total (about -27.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.07 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	0.09090	−0.0070	get 0.0035% / 4h	3h 52m	$2.5M	$3.0M	20x
Short	HTX ONG-USDT	0.09069	−0.2085	pay 0.1042% / 4h	3h 52m	$28K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee HTXbpOrdersPrice spread, now −0.231%Rate

Funding earned: −$423.14
Price spread: −0.231% → −0.919%: $68.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$377.33
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: Bybit: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	2.71 bp	29.3 bp −$29	doesn't fit	doesn't fit	doesn't fit
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONG_USDT	−0.2338%	4h	0.09066	−0.264%	$369K	$331K	20x	as long as short
HTX ONG-USDTshort	−0.2085%	4h	0.09069	−0.231%	$28K	$64K	20x
Extended ONG-USD	−0.1184%	1h	0.09062	−0.307%	$173K	$18K	5x	as long as short
MEXC ONG_USDT	−0.1180%	4h	0.09072	−0.198%	$9.8M	$377K	20x	as long as short
Binance ONGUSDT	−0.1176%	4h	0.09070	−0.220%	$6.7M	$14.9M	50x	as long as short
Aster ONGUSDT	−0.0910%	1h	0.09080	−0.112%	$82K	$81K	5x	as long as short
Bitget ONGUSDT	−0.0806%	4h	0.09064	−0.286%	$1.4M	$1.1M	50x	as long as short
BingX ONG-USDT	−0.0250%	4h	0.09074	−0.176%	—	$1.4M	—	as long as short
Bybit ONGUSDTlong	−0.0070%	4h	0.09090	long leg	$2.5M	$3.0M	20x
Variational Omni ONG	+0.0070%	4h	0.09170	+0.883%	$152K	$25K	—	as long as short