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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+0.3387%/8h= +370.9% APRnext payment +$16.93 per $10,000 · paid last 24h +0.285%
Price spread now: Variational Omni against HTX+0.518%7-day average +0.949% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HTXShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.375%+$37 on $10k
Price spread, last 3 days (all we have)+0.175%+$18 · spread now +0.518%, 7d avg +0.949%
Together, before fees+0.550%+ Points / potential airdropVariational Omni: Active · farm board+$55 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.430% cheaper against HTX than usual: you would sell low and buy high (spread +0.518% now, against its 7-day average of +0.949%). If the spread goes back, that is −$43 on $10k: about 10 hours of funding at the current rate (+$102 a day). At the pace of the last 3 days (+0.375% in total) that is about 3.8 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.375% in total (about 41.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$16.93 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-USDT0.09040−0.3287get 0.1643% / 4h1h 29m$28K$83K20x
ShortVariational Omni ONG0.090870.0100get 0.0050% / 4h1h 29m$149K$30K—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$711.24
Price spread: +0.518% → +0.949%
−$43.03
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$656.21
Costs to cover
0.120%
Break-even
0.5 days
Slippage unknown: HTX: no order-book sample; Variational Omni: RFQ quote, 54 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 Variational Omni RFQ quote, 54 min ago3.85 bpdoesn't fit342.4 bp −$3,424doesn'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−0.3287%4h0.09040long leg$28K$83K20x
Binance ONGUSDT−0.1006%4h0.09094+0.597%$6.8M$15.3M50xas long as short
MEXC ONG_USDT−0.1002%4h0.09087+0.520%$9.9M$377K20xas long as short
Extended ONG-USD−0.1000%1h0.09094+0.600%$171K$18K5xas long as short
Bitget ONGUSDT−0.0686%4h0.09097+0.631%$1.4M$1.2M50xas long as short
Aster ONGUSDT−0.0630%1h0.09095+0.608%$78K$100K5xas long as short
Gate ONG_USDT−0.0626%4h0.09099+0.653%$371K$354K20xas long as short
Bybit ONGUSDT+0.0100%4h0.09111+0.785%$2.5M$3.1M20xas long as short
BingX ONG-USDT+0.0100%4h0.09098+0.642%—$1.4M—as long as short
Variational Omni ONGshort+0.0100%4h0.09087+0.518%$149K$30K—