Funding you earn now, next payment 00:00 UTC+0.0318%/8h= +34.8% APRnext payment +$1.59 per $10,000 · paid last 24h +0.071%
Price spread now: Bitget against MEXC0.000%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$620.615% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 7 days+0.075%+$7 · spread now 0.000%, 7d avg +0.092%
=Funding pays, the price is against you. Bitget is 0.092% cheaper against MEXC than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.092%). If the spread goes back, that is −$9 on $10k: about 23 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.204% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ONG_USDT | 0.09116 | −0.1044 | get 0.0522% / 4h | 1h 18m | $9.9M | $378K | 20x |
| Short | Bitget ONGUSDT | 0.09116 | −0.0726 | pay 0.0363% / 4h | 1h 18m | $1.4M | $1.2M | 50x |
MEXC ONG_USDT
Bitget ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $66.78
- Price spread: 0.000% → +0.092%
- −$9.18
- Slippage, 4 orders
- −$45.52
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$3.92
- Costs to cover
- 0.615%
- Break-even
- 7.4 days
Slippage from MEXC: live order book, 5 min ago; Bitget: 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 MEXC live order book, 5 min ago | 1.10 bp | 8.9 bp −$9 | 46.8 bp −$468 | 211.9 bp −$21.2K | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.74 bp | 21.0 bp −$21 | 91.1 bp −$911 | doesn't fit | 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 | −0.3392% | 4h | 0.09060 | −0.614% | $29K | $80K | 20x | as long as short |
| Extended ONG-USD | −0.1048% | 1h | 0.09118 | +0.025% | $172K | $18K | 5x | as long as short |
| Binance ONGUSDT | −0.1046% | 4h | 0.09113 | −0.032% | $6.8M | $15.4M | 50x | as long as short |
| MEXC ONG_USDTlong | −0.1044% | 4h | 0.09116 | long leg | $9.9M | $378K | 20x | |
| Bitget ONGUSDTshort | −0.0726% | 4h | 0.09116 | 0.000% | $1.4M | $1.2M | 50x | |
| Aster ONGUSDT | −0.0726% | 1h | 0.09121 | +0.053% | $79K | $101K | 5x | as long as short |
| Gate ONG_USDT | −0.0650% | 4h | 0.09120 | +0.044% | $372K | $355K | 20x | as long as short |
| Bybit ONGUSDT | +0.0100% | 4h | 0.09131 | +0.165% | $2.5M | $3.1M | 20x | as long as short |
| BingX ONG-USDT | +0.0100% | 4h | 0.09127 | +0.121% | — | $1.3M | — | as long as short |
| Variational Omni ONG | +0.0100% | 4h | 0.09123 | +0.081% | $150K | $27K | — | as long as short |
HTX ONG-USDT
Extended ONG-USD
Binance ONGUSDT
Aster ONGUSDT
Gate ONG_USDT
Bybit ONGUSDT
BingX ONG-USDT
Variational Omni ONG