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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 00:00 UTC−0.1184%/8h= −129.6% APRnext payment −$5.92 per $10,000 · paid last 24h −0.353%
Price spread now: MEXC against Bybit−0.229%7-day average −0.359% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$830.830% of the position
Long on BybitShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.171%−$17 on $10k
Price spread, last 7 days+0.032%+$3 · spread now −0.229%, 7d avg −0.359%
Together, before fees−0.139%−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.130% dearer against Bybit than usual: you sell high and buy low (spread −0.229% now, against its 7-day average of −0.359%): +$13 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.171% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.171% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.92 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
LongBybit ONGUSDT0.091740.0100pay 0.0050% / 4h1h 04m$2.5M$3.1M20x
ShortMEXC ONG_USDT0.09153−0.1084pay 0.0542% / 4h1h 04m$9.9M$380K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
−$248.64
Price spread: −0.229% → −0.359%
$12.96
Slippage, 4 orders
−$68.03
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$318.71
Costs to cover
0.830%
Break-even
never at this rate
Slippage from Bybit: live order book, 8 min ago; MEXC: live order book, 9 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 Bybit live order book, 8 min ago1.64 bp34.2 bp −$34393.0 bp −$3,930doesn't fitdoesn't fit
Sell MEXC live order book, 9 min ago0.55 bp6.7 bp −$736.9 bp −$369184.0 bp −$18.4K571.2 bp −$285.6K

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−0.3495%4h0.09100−0.807%$29K$77K20xas long as short
Extended ONG-USD−0.1088%1h0.09153−0.226%$173K$18K5xas long as short
Binance ONGUSDT−0.1084%4h0.09153−0.229%$6.9M$15.3M50xas long as short
MEXC ONG_USDTshort−0.1084%4h0.09153−0.229%$9.9M$380K20x
Bitget ONGUSDT−0.0780%4h0.09161−0.142%$1.4M$1.2M50xas long as short
Aster ONGUSDT−0.0772%1h0.09162−0.128%$80K$101K5xas long as short
Gate ONG_USDT−0.0702%4h0.09166−0.087%$374K$357K20xas long as short
Bybit ONGUSDTlong+0.0100%4h0.09174long leg$2.5M$3.1M20x
BingX ONG-USDT+0.0100%4h0.09162−0.131%—$1.4M—as long as short
Variational Omni ONG+0.0100%4h0.09175+0.008%$150K$26K—as long as short