ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0410%/8h= −44.9% APRnext payment −$2.05 per $10,000 · paid last 24h −0.091%

Price spread now: MEXC against Gate−0.155%7-day average −0.177% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1321.316% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.315%−$32 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.155%, 7d avg −0.177%

Together, before fees−0.288%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.022% dearer against Gate than usual: you sell high and buy low (spread −0.155% now, against its 7-day average of −0.177%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.315% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONG_USDT	0.09039	−0.0578	get 0.0289% / 4h	2h 05m	$367K	$361K	20x
Short	MEXC ONG_USDT	0.09025	−0.0988	pay 0.0494% / 4h	2h 05m	$9.8M	$386K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$86.1
Price spread: −0.155% → −0.177%: $2.23
Slippage, 4 orders: −$112.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$215.43
Costs to cover: 1.316%
Break-even: never at this rate

Slippage from Gate: live order book, 15 min ago; MEXC: live order book, 3 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, 15 min ago	8.29 bp	54.8 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.21 bp	10.8 bp −$11	42.9 bp −$429	153.4 bp −$15.3K	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	−0.3107%	4h	0.09004	−0.387%	$28K	$91K	20x	as long as short
Extended ONG-USD	−0.0992%	1h	0.09024	−0.162%	$171K	$18K	5x	as long as short
Binance ONGUSDT	−0.0989%	4h	0.09025	−0.155%	$6.7M	$15.6M	50x	as long as short
MEXC ONG_USDTshort	−0.0988%	4h	0.09025	−0.155%	$9.8M	$386K	20x
Bitget ONGUSDT	−0.0642%	4h	0.09030	−0.100%	$1.4M	$1.2M	50x	as long as short
Aster ONGUSDT	−0.0589%	1h	0.09038	−0.011%	$76K	$100K	5x	as long as short
Gate ONG_USDTlong	−0.0578%	4h	0.09039	long leg	$367K	$361K	20x
Bybit ONGUSDT	+0.0100%	4h	0.09043	+0.044%	$2.5M	$3.2M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09033	−0.066%	—	$1.3M	—	as long as short
Variational Omni ONG	+0.0100%	4h	0.09035	−0.049%	$148K	$40K	—	as long as short