Funding arb · Price arb /

ONG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.095%

Price spread now: Aster against MEXC+0.010%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONG_USDT	0.09017	−0.0058	get 0.0029% / 4h	2h 34m	$9.8M	$414K	20x
Short	Aster ONGUSDT	0.09018	0.0100	get 0.0013% / 1h	34m 01s	$70K	$54K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.010%Rate

Funding earned: $33.18
Price spread: +0.010% → 0.000%: $0.97
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: $22.15
Costs to cover: 0.120%
Break-even: 2.3 days

Slippage unknown: MEXC: live order book, 4 min ago; Aster: no order-book sample. Net counts fees only.

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 MEXC live order book, 4 min ago	1.11 bp	7.4 bp −$7	23.7 bp −$237	155.5 bp −$15.5K	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ONG-USDT	−0.1250%	4h	0.09008	−0.100%	$28K	$37K	20x	as long as short
Binance ONGUSDT	−0.0060%	4h	0.09011	−0.067%	$6.3M	$15.6M	50x	as long as short
MEXC ONG_USDTlong	−0.0058%	4h	0.09017	long leg	$9.8M	$414K	20x
Extended ONG-USD	−0.0056%	1h	0.09009	−0.094%	$169K	$20K	5x	as long as short
Variational Omni ONG	+0.0097%	4h	0.09037	+0.223%	$131K	$43K	—	as long as short
Aster ONGUSDTshort	+0.0100%	1h	0.09018	+0.010%	$70K	$54K	5x
Bybit ONGUSDT	+0.0100%	4h	0.09015	−0.022%	$2.4M	$3.0M	20x	as long as short
Gate ONG_USDT	+0.0100%	4h	0.09028	+0.122%	$350K	$363K	20x	as long as short
Bitget ONGUSDT	+0.0100%	4h	0.09019	+0.022%	$1.4M	$1.3M	50x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09018	+0.011%	—	$1.4M	—	as long as short