ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.146%

Price spread now: Gate against MEXC+0.108%7-day average +0.172% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1151.146% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.321%+$32 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.108%, 7d avg +0.172%

Together, before fees+0.340%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.064% cheaper against MEXC than usual: you would sell low and buy high (spread +0.108% now, against its 7-day average of +0.172%). If the spread goes back, that is −$6 on $10k: about 3.7 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.321% in total) that is about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONG_USDT	0.09265	−0.0572	get 0.0286% / 4h	1h 08m	$10.1M	$395K	20x
Short	Gate ONG_USDT	0.09275	−0.0514	pay 0.0257% / 4h	1h 08m	$372K	$364K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.108%Rate

Funding earned: $12.18
Price spread: +0.108% → +0.172%: −$6.39
Slippage, 4 orders: −$95.56
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$108.77
Costs to cover: 1.146%
Break-even: 69.5 days

Slippage from MEXC: live order book, 5 min ago; Gate: live order book, 52 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	0.54 bp	8.5 bp −$9	36.7 bp −$367	177.6 bp −$17.8K	doesn't fit
Sell Gate live order book, 52 min ago	6.59 bp	57.3 bp −$57	doesn't fit	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	−0.2111%	4h	0.09263	−0.022%	$28K	$33K	20x	as long as short
Extended ONG-USD	−0.0576%	1h	0.09264	−0.015%	$176K	$18K	5x	as long as short
MEXC ONG_USDTlong	−0.0572%	4h	0.09265	long leg	$10.1M	$395K	20x
Binance ONGUSDT	−0.0565%	4h	0.09266	+0.011%	$6.7M	$15.2M	50x	as long as short
Gate ONG_USDTshort	−0.0514%	4h	0.09275	+0.108%	$372K	$364K	20x
Bybit ONGUSDT	−0.0449%	4h	0.09277	+0.130%	$2.5M	$2.8M	20x	as long as short
Variational Omni ONG	−0.0420%	4h	0.09338	+0.784%	$155K	$24K	—	as long as short
Bitget ONGUSDT	−0.0356%	4h	0.09265	0.000%	$1.5M	$1.2M	50x	as long as short
BingX ONG-USDT	−0.0284%	4h	0.09271	+0.065%	—	$1.4M	—	as long as short
Aster ONGUSDT	−0.0167%	1h	0.09283	+0.192%	$83K	$64K	5x	as long as short