Settings8H · net · $10k
Funding arb · Price arb /

ONT

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0880%/8h= −96.4% APRpaid last 24h −0.058%
Price spread now: Gate against Kraken Futures−0.096%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Gate is 0.096% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ONTUSD0.056210.0980pay 0.0123% / 1h24m 59s$9K$31710x
ShortGate ONT_USDT0.056160.0100get 0.0050% / 4h3h 24m$174K$55K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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

Funding earned
−$184.9
Price spread: −0.096% → 0.000%
−$9.59
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$219.5
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 21 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell Gate live order book, 21 min ago3.55 bp23.2 bp −$23doesn't fitdoesn't fitdoesn't fit
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ONT-USDT+0.0075%4h0.05617−0.078%$129K$14K50xas long as short
Aster ONTUSDT+0.0100%4h0.05621−0.012%$27K$5375xas long as short
Binance ONTUSDT+0.0100%4h0.05621−0.008%$2.4M$2.6M50xas long as short
Bybit ONTUSDT+0.0100%4h0.05616−0.096%$793K$323K25xas long as short
OKX ONT-USDT-SWAP+0.0100%4h0.05617−0.078%$795K$897K20xas long as short
Gate ONT_USDTshort+0.0100%4h0.05616−0.096%$174K$55K50x
MEXC ONT_USDT+0.0100%4h0.05622+0.011%$1.4M$154K50xas long as short
KuCoin ONTUSDTM+0.0100%4h0.05620−0.025%$518K$40K30xas long as short
Bitget ONTUSDT+0.0100%4h0.05616−0.096%$798K$267K50xas long as short
BingX ONT-USDT+0.0128%4h0.05618−0.060%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ONT+0.0197%4h0.05613−0.141%$4K$3Kas long as short
Kraken Futures PF_ONTUSDlong+0.0980%1h0.05621long leg$9K$31710x