Funding you earn now, next payment 04:00 UTC+0.1228%/8h= +134.4% APRnext payment +$6.14 per $10,000 · paid last 24h +0.497%
Price spread now: Bybit against Gate−0.178%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1531.532% of the position
Funding, last 7 days+0.393%+$39 on $10k
+Price spread, last 4 days (all we have)+0.274%+$27 · spread now −0.178%, 7d avg −0.063%
=Funding pays, the price is against you. Bybit is 0.115% cheaper against Gate than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of −0.063%). If the spread goes back, that is −$12 on $10k: about 8 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.393% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.393% in total (about 20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.14 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 | Gate ONT_USDT | 0.05619 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $178K | $57K | 50x |
| Short | Bybit ONTUSDT | 0.05609 | 0.1328 | get 0.0664% / 4h | 1h 38m | $792K | $334K | 25x |
Gate ONT_USDT
Bybit ONTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $257.79
- Price spread: −0.178% → −0.063%
- −$11.54
- Slippage, 4 orders
- −$127.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $93.03
- Costs to cover
- 1.532%
- Break-even
- 4.5 days
Slippage from Gate: live order book, 18 min ago; Bybit: live order book, 22 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 Gate live order book, 18 min ago | 3.55 bp | 46.4 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 22 min ago | 3.56 bp | 34.8 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
ONT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ONT-USDT | +0.0043% | 4h | 0.05616 | −0.053% | $130K | $24K | 50x | as long as short |
| Aster ONTUSDT | +0.0100% | 4h | 0.05619 | −0.004% | $27K | $537 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05614 | −0.097% | $2.4M | $2.7M | 50x | as long as short |
| OKX ONT-USDT-SWAP | +0.0100% | 4h | 0.05612 | −0.125% | $799K | $919K | 20x | as long as short |
| Gate ONT_USDTlong | +0.0100% | 4h | 0.05619 | long leg | $178K | $57K | 50x | |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05614 | −0.089% | $1.4M | $151K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05617 | −0.036% | $518K | $44K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05610 | −0.160% | $792K | $316K | 50x | as long as short |
| Kraken Futures PF_ONTUSD | +0.0476% | 1h | 0.05614 | −0.094% | $9K | $301 | 10x | as long as short |
| Variational Omni ONT | +0.1145% | 4h | 0.05609 | −0.171% | $4K | $3K | — | as long as short |
BloFin ONT-USDT
Aster ONTUSDT
Binance ONTUSDT
OKX ONT-USDT-SWAP
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
Kraken Futures PF_ONTUSD
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONTUSDTshort | +0.1328% | 4h | 0.05609 | −0.178% | $792K | $334K | 25x | |
| BingX ONT-USDT | +0.1348% | 4h | 0.05612 | −0.125% | — | $2.3M | — | as long as short |
BingX ONT-USDT