ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.139%

Price spread now: Binance against Gate+0.020%7-day average −0.183% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1231.229% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.297%−$30 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.020%, 7d avg −0.183%

Together, before fees−0.688%−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.203% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.183%. Mind the row above: over the last 7 days funding on this pair cost −0.297%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONG_USDT	0.09218	−0.0770	get 0.0385% / 4h	1h 36m	$372K	$346K	20x
Short	Binance ONGUSDT	0.09220	−0.0758	pay 0.0379% / 4h	1h 36m	$6.7M	$14.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.020%Rate

Funding earned: $2.44
Price spread: +0.020% → −0.183%: $20.35
Slippage, 4 orders: −$97.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$100.15
Costs to cover: 1.229%
Break-even: 294.8 days

Slippage from Gate: live order book, 24 min ago; Binance: 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 Gate live order book, 24 min ago	6.59 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.54 bp	12.0 bp −$12	33.4 bp −$334	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	−0.2154%	4h	0.09167	−0.553%	$28K	$35K	20x	as long as short
Gate ONG_USDTlong	−0.0770%	4h	0.09218	long leg	$372K	$346K	20x
MEXC ONG_USDT	−0.0770%	4h	0.09221	+0.033%	$10.0M	$371K	20x	as long as short
Extended ONG-USD	−0.0760%	1h	0.09211	−0.072%	$174K	$18K	5x	as long as short
Binance ONGUSDTshort	−0.0758%	4h	0.09220	+0.020%	$6.7M	$14.9M	50x
Bybit ONGUSDT	−0.0689%	4h	0.09233	+0.163%	$2.5M	$2.8M	20x	as long as short
Variational Omni ONG	−0.0599%	4h	0.09219	+0.008%	$152K	$24K	—	as long as short
Bitget ONGUSDT	−0.0516%	4h	0.09210	−0.087%	$1.4M	$1.1M	50x	as long as short
BingX ONG-USDT	−0.0366%	4h	0.09211	−0.076%	—	$1.4M	—	as long as short
Aster ONGUSDT	−0.0333%	1h	0.09208	−0.105%	$82K	$73K	5x	as long as short