ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1196%/8h= −131.0% APRnext payment −$5.98 per $10,000 · paid last 24h −0.360%

Price spread now: MEXC against Variational Omni−0.010%7-day average −0.595% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.302%+$30 on $10k

Price spread, last 3 days (all we have)−0.262%−$26 · spread now −0.010%, 7d avg −0.595%

Together, before fees+0.040%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.585% dearer against Variational Omni than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.595%): +$59 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 3 days funding on this pair paid +0.302%, 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 3 days it paid 0.302% in total (about 33.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.98 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	Variational Omni ONG	0.09253	0.0100	pay 0.0050% / 4h	23m 32s	$152K	$25K	—
Short	MEXC ONG_USDT	0.09252	−0.1096	pay 0.0548% / 4h	23m 32s	$10.0M	$377K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee MEXCbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$251.16
Price spread: −0.010% → −0.595%: $58.52
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$196.64
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 55 min ago; MEXC: live order book, 5 min ago. 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 Variational Omni RFQ quote, 55 min ago	6.03 bp	doesn't fit	510.3 bp −$5,103	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.08 bp	7.9 bp −$8	29.3 bp −$293	192.6 bp −$19.3K	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	−0.3495%	4h	0.09229	−0.259%	$29K	$72K	20x	as long as short
Binance ONGUSDT	−0.1097%	4h	0.09249	−0.039%	$6.9M	$15.6M	50x	as long as short
Extended ONG-USD	−0.1096%	1h	0.09255	+0.024%	$174K	$18K	5x	as long as short
MEXC ONG_USDTshort	−0.1096%	4h	0.09252	−0.010%	$10.0M	$377K	20x
Aster ONGUSDT	−0.0775%	1h	0.09264	+0.121%	$85K	$100K	5x	as long as short
Bitget ONGUSDT	−0.0774%	4h	0.09252	−0.010%	$1.4M	$1.2M	50x	as long as short
Gate ONG_USDT	−0.0758%	4h	0.09258	+0.055%	$378K	$340K	20x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09261	+0.087%	$2.6M	$3.1M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09260	+0.076%	—	$1.4M	—	as long as short
Variational Omni ONGlong	+0.0100%	4h	0.09253	long leg	$152K	$25K	—