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Funding arb · Price arb /

ONG

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 12:00 UTC+0.1930%/8h= +211.3% APRnext payment +$9.65 per $10,000 · paid last 24h +0.339%
Price spread now: Bitget against HTX+0.242%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HTXShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days+0.681%+$68 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$58 a day on $10k at the current rate, and Bitget is 0.242% dearer against HTX than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.681% in total (about 35.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.65 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
LongHTX ONG-USDT0.09094−0.1830get 0.0915% / 4h3h 56m$28K$39K20x
ShortBitget ONGUSDT0.091160.0100get 0.0050% / 4h3h 56m$1.4M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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
$405.29
Price spread: +0.242% → 0.000%
$24.19
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
$405.49
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: HTX: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample—————
Sell Bitget live order book, 5 min ago2.20 bp23.6 bp −$2493.2 bp −$932doesn't fitdoesn't fit
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDTlong−0.1830%4h0.09094long leg$28K$39K20x
MEXC ONG_USDT−0.0122%4h0.09116+0.242%$9.9M$411K20xas long as short
Extended ONG-USD−0.0120%1h0.09118+0.264%$171K$18K5xas long as short
Binance ONGUSDT−0.0119%4h0.09117+0.251%$6.2M$15.5M50xas long as short
Variational Omni ONG−0.0094%4h0.09113+0.206%$132K$39K—as long as short
Aster ONGUSDT+0.0088%1h0.09126+0.354%$69K$53K5xas long as short
Bybit ONGUSDT+0.0100%4h0.09128+0.374%$2.4M$2.9M20xas long as short
Gate ONG_USDT+0.0100%4h0.09131+0.407%$354K$349K20xas long as short
Bitget ONGUSDTshort+0.0100%4h0.09116+0.242%$1.4M$1.1M50x
BingX ONG-USDT+0.0100%4h0.09125+0.341%—$1.4M—as long as short