Settings8H · net · $10k
Funding arb · Price arb /

ONG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.080%
Price spread now: Extended against Gate−0.325%7-day average −0.201% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1611.608% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.507%−$51 on $10k
Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.325%, 7d avg −0.201%
Together, before fees−0.367%+ Points / potential airdropExtended: Active · farm board−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.124% cheaper against Gate than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.201%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ONG_USDT0.090440.0100pay 0.0050% / 4h39m 48s$352K$356K20x
ShortExtended ONG-USD0.090150.0048get 0.0006% / 1h39m 48s$169K$18K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$10.92
Price spread: −0.325% → −0.201%
−$12.43
Slippage, 4 orders
−$140.83
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$184.18
Costs to cover
1.608%
Break-even
never at this rate
Slippage from Gate: live order book, 61 min ago; Extended: live order book, 61 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 Gate live order book, 61 min ago2.21 bp46.3 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 61 min ago0.61 bp24.2 bp −$24141.6 bp −$1,416doesn't fitdoesn't fit

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−0.1573%4h0.08999−0.498%$28K$40K20xas long as short
MEXC ONG_USDT+0.0042%4h0.09017−0.299%$9.8M$424K20xas long as short
Binance ONGUSDT+0.0044%4h0.09015−0.318%$6.2M$15.8M50xas long as short
Extended ONG-USDshort+0.0048%1h0.09015−0.325%$169K$18K5x
Aster ONGUSDT+0.0100%1h0.09028−0.174%$69K$53K5xas long as short
Bybit ONGUSDT+0.0100%4h0.09027−0.188%$2.3M$3.0M20xas long as short
Gate ONG_USDTlong+0.0100%4h0.09044long leg$352K$356K20x
Bitget ONGUSDT+0.0100%4h0.09023−0.232%$1.3M$1.2M50xas long as short
BingX ONG-USDT+0.0100%4h0.09031−0.144%$1.4Mas long as short
Variational Omni ONG+0.0100%4h0.09030−0.158%$131K$39Kas long as short