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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+0.1204%/8h= +131.8% APRpaid last 24h −0.016%
Price spread now: BingX against Extended+0.127%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Long on ExtendedShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.825%+$83 on $10k
Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.127%, 7d avg +0.182%
Together, before fees+0.921%+ Points / potential airdropExtended: Active · farm board+$92 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.055% cheaper against Extended than usual: you would sell low and buy high (spread +0.127% now, against its 7-day average of +0.182%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.825% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.825% in total (about 43.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ONG-USD0.09234−0.1104get 0.0138% / 1h27m 10s$174K$18K5x
ShortBingX ONG-USDT0.092460.0100get 0.0050% / 4h27m 10s—$1.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
$252.84
Price spread: +0.127% → +0.182%
−$5.48
Slippage, 4 orders
−$55.6
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
$176.76
Costs to cover
0.706%
Break-even
2.1 days
Slippage from Extended: live order book, 49 min ago; BingX: live order book, 5 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 Extended live order book, 49 min ago0.66 bp17.0 bp −$17148.4 bp −$1,484doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago3.79 bp14.2 bp −$1433.0 bp −$330215.3 bp −$21.5K475.4 bp −$237.7K

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%4h0.09202−0.349%$29K$73K20xas long as short
Extended ONG-USDlong−0.1104%1h0.09234long leg$174K$18K5x
Binance ONGUSDT−0.1101%4h0.09239+0.051%$6.9M$15.5M50xas long as short
MEXC ONG_USDT−0.1100%4h0.09237+0.030%$10.0M$377K20xas long as short
Aster ONGUSDT−0.0802%1h0.09246+0.126%$85K$104K5xas long as short
Bitget ONGUSDT−0.0768%4h0.09239+0.051%$1.4M$1.2M50xas long as short
Gate ONG_USDT−0.0754%4h0.09239+0.051%$377K$339K20xas long as short
Bybit ONGUSDT+0.0100%4h0.09256+0.236%$2.6M$3.1M20xas long as short
BingX ONG-USDTshort+0.0100%4h0.09246+0.127%—$1.4M—
Variational Omni ONG+0.0100%4h0.09245+0.121%$152K$25K—as long as short