Funding arb · Price arb /

ONT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.036%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$442as in the Funding arb table

Net, price: spread back to 7d avg − costs−$437as in the Price arb table

costs, in and out, $10k−$4324.319% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.036%, 7d avg +0.083%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.047% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONTUSDT	0.05595	0.0100	pay 0.0050% / 4h	1h 54m	$790K	$265K	50x
Short	KuCoin ONTUSDTM	0.05597	0.0100	get 0.0050% / 4h	1h 54m	$511K	$32K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.083%: −$4.72
Slippage, 4 orders: −$407.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$436.66
Costs to cover: 4.319%
Break-even: never at this rate

Slippage from Bitget: live order book, 54 min ago; KuCoin: live order book, 51 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 Bitget live order book, 54 min ago	1.79 bp	19.0 bp −$19	59.0 bp −$590	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	2.68 bp	202.8 bp −$203	doesn't fit	doesn't fit	doesn't fit

ONT on 12 exchanges

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
OKX ONT-USDT-SWAP	−0.0032%	4h	0.05586	−0.161%	$780K	$843K	20x	as long as short
BloFin ONT-USDT	+0.0086%	4h	0.05596	+0.018%	$127K	$14K	50x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05596	+0.023%	$26K	$168	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05592	−0.054%	$2.4M	$2.5M	50x	as long as short
Bybit ONTUSDT	+0.0100%	4h	0.05587	−0.143%	$783K	$321K	25x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05594	−0.018%	$171K	$56K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05592	−0.054%	$1.6M	$154K	50x	as long as short
KuCoin ONTUSDTMshort	+0.0100%	4h	0.05597	+0.036%	$511K	$32K	30x
Bitget ONTUSDTlong	+0.0100%	4h	0.05595	long leg	$790K	$265K	50x
BingX ONT-USDT	+0.0100%	4h	0.05589	−0.107%	—	$2.3M	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ONT	+0.0100%	4h	0.05592	−0.061%	$4K	$3K	—	as long as short
Kraken Futures PF_ONTUSD	+0.0815%	1h	0.05611	+0.280%	$9K	$384	10x	as long as short