ONT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1393%/8h= +152.5% APRnext payment +$6.96 per $10,000 · paid last 24h +0.420%

Price spread now: Bybit against MEXC−0.250%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1251.247% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.340%+$34 on $10k

Price spread, last 4 days (all we have)+0.333%+$33 · spread now −0.250%, 7d avg 0.000%

Together, before fees+0.673%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.249% cheaper against MEXC than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of 0.000%). If the spread goes back, that is −$25 on $10k: about 14 hours of funding at the current rate (+$42 a day). At the pace of the last 7 days (+0.340% in total) that is about 5.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.340% in total (about 17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.96 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	MEXC ONT_USDT	0.05610	0.0100	pay 0.0050% / 4h	1h 16m	$1.5M	$138K	50x
Short	Bybit ONTUSDT	0.05596	0.1493	get 0.0746% / 4h	1h 16m	$796K	$317K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.250%Rate

Funding earned: $292.46
Price spread: −0.250% → 0.000%: −$24.93
Slippage, 4 orders: −$109.74
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $142.79
Costs to cover: 1.247%
Break-even: 3.6 days

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 63 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	0.89 bp	10.6 bp −$11	24.9 bp −$249	578.7 bp −$57.9K	doesn't fit
Sell Bybit live order book, 63 min ago	3.56 bp	52.9 bp −$53	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
Kraken Futures PF_ONTUSD	−0.0405%	1h	0.05609	−0.022%	$9K	$231	10x	as long as short
OKX ONT-USDT-SWAP	−0.0068%	4h	0.05606	−0.071%	$805K	$878K	20x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05614	+0.064%	$27K	$388	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05610	0.000%	$2.4M	$2.6M	50x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05611	+0.018%	$172K	$60K	50x	as long as short
MEXC ONT_USDTlong	+0.0100%	4h	0.05610	long leg	$1.5M	$138K	50x
KuCoin ONTUSDTM	+0.0100%	4h	0.05610	0.000%	$522K	$50K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05611	+0.018%	$813K	$316K	50x	as long as short
BloFin ONT-USDT	+0.0126%	4h	0.05606	−0.071%	$131K	$25K	50x	as long as short
Variational Omni ONT	+0.1204%	4h	0.05597	−0.235%	$4K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ONT-USDT	+0.1486%	4h	0.05605	−0.089%	—	$2.3M	—	as long as short
Bybit ONTUSDTshort	+0.1493%	4h	0.05596	−0.250%	$796K	$317K	25x