ONG Funding Rate — live across 6 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized ONG perpetual funding across all 6 venues Perpia tracks. Right now ONG funding is positive on 2 and negative on 4, ranging from +10.9% on Bybit to -28.9% on Gate.io — a spread of 39.9%. The widest delta-neutral trade is long Gate.io / short Bybit at 36.0% net APR.
ONG funding rate by venue
13 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bybit | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| Binance | -5.3% | 8h |
| MEXC | -5.5% | 8h |
| BingX | -12.0% | 4h |
| Gate.io | -28.9% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
Loading ONG backtest…
ONG funding — FAQ
Is ONG funding positive right now?
ONG perpetual funding is positive on 2 of 6 venues Perpia tracks and negative on 4. The highest is +10.9% on Bybit; the lowest is -28.9% on Gate.io.
What is the best ONG funding arbitrage right now?
Go long Gate.io and short Bybit for about 36.0% net APR after fees — the widest delta-neutral ONG spread Perpia currently sees.
Which exchange has the highest ONG funding rate?
Bybit, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How ONG funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.