Funding you earn now, next payment 12:00 UTC−0.0915%/8h= −100.2% APRnext payment −$4.57 per $10,000 · paid last 24h +0.360%
Price spread now: Bybit against MEXC+0.033%7-day average +0.354% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$660.659% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now +0.033%, 7d avg +0.354%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Bybit is 0.321% cheaper against MEXC than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.354%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.234%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.234% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.57 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 | 0.09115 | −0.0162 | get 0.0081% / 4h | 3h 31m | $9.9M | $415K | 20x |
| Short | Bybit ONGUSDT | 0.09118 | −0.1077 | pay 0.0538% / 4h | 3h 31m | $2.3M | $2.9M | 20x |
MEXC ONG_USDT
Bybit ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$192.12
- Price spread: +0.033% → +0.354%
- −$32.07
- Slippage, 4 orders
- −$50.87
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$290.05
- Costs to cover
- 0.659%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 1 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, 2 min ago | 1.10 bp | 7.3 bp −$7 | 29.2 bp −$292 | 177.6 bp −$17.8K | 604.0 bp −$302.0K |
| Sell Bybit live order book, 1 min ago | 1.65 bp | 35.3 bp −$35 | 401.9 bp −$4,019 | 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 | −0.2489% | 4h | 0.09095 | −0.219% | $28K | $38K | 20x | as long as short |
| Bybit ONGUSDTshort | −0.1077% | 4h | 0.09118 | +0.033% | $2.3M | $2.9M | 20x | |
| Gate ONG_USDT | −0.0468% | 4h | 0.09115 | 0.000% | $355K | $352K | 20x | as long as short |
| Extended ONG-USD | −0.0184% | 1h | 0.09110 | −0.060% | $171K | $18K | 5x | as long as short |
| Binance ONGUSDT | −0.0184% | 4h | 0.09111 | −0.044% | $6.2M | $15.4M | 50x | as long as short |
| MEXC ONG_USDTlong | −0.0162% | 4h | 0.09115 | long leg | $9.9M | $415K | 20x | |
| Variational Omni ONG | −0.0135% | 4h | 0.09114 | −0.006% | $132K | $34K | — | as long as short |
| Aster ONGUSDT | +0.0020% | 1h | 0.09124 | +0.100% | $69K | $53K | 5x | as long as short |
| Bitget ONGUSDT | +0.0100% | 4h | 0.09117 | +0.022% | $1.4M | $1.1M | 50x | as long as short |
| BingX ONG-USDT | +0.0100% | 4h | 0.09116 | +0.011% | — | $1.5M | — | as long as short |
HTX ONG-USDT
Gate ONG_USDT
Extended ONG-USD
Binance ONGUSDT
Variational Omni ONG
Aster ONGUSDT
Bitget ONGUSDT
BingX ONG-USDT