ONG funding rates and arbitrage

ONG perpetuals trade on 8 contracts across 8 venues, forming 28 cross-venue arbitrage pairs. By net APR the current best pair is long Aster against short Binance, netting 0.00%, with both legs settling on the same cadenceใ€‚

ONG perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
BinanceONGUSDTUSDT4h0.0050%+10.95%+2.21%$4.1M0.07565
BingXONG-USDTUSDT4h0.0050%+10.95%+10.95%$1.2M0.07569
BybitONGUSDTUSDT4h0.0050%+10.95%+9.56%$410K0.07581
BitgetONGUSDTUSDT4h0.0050%+10.95%+10.95%$158K0.07576
MEXCONG_USDTUSDT4h0.0050%+10.95%+2.24%$104K0.07565
HTXONG-USDTUSDT4h0.0050%+10.95%+10.95%$18K0.07533
GateONG_USDTUSDT4h0.0050%+10.95%+9.42%$14K0.07562
AsterONGUSDTUSDT4h0.0050%+10.95%+8.15%$1K0.07568

ONG cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Aster USDTBinance USDT0.00%0.0000%-5.94%4h matched$1K
Aster USDTBingX USDT0.00%0.0000%+2.80%4h matched$1K
Aster USDTBitget USDT0.00%0.0000%+2.80%4h matched$1K
Aster USDTBybit USDT0.00%0.0000%+1.41%4h matched$1K
Aster USDTGate USDT0.00%0.0000%+1.27%4h matched$1K
Aster USDTHTX USDT0.00%0.0000%+2.80%4h matched$1K
Aster USDTMEXC USDT0.00%0.0000%-5.91%4h matched$1K
Binance USDTBingX USDT0.00%0.0000%+8.74%4h matched$1.2M
Binance USDTBitget USDT0.00%0.0000%+8.74%4h matched$158K
Binance USDTBybit USDT0.00%0.0000%+7.34%4h matched$410K
Binance USDTGate USDT0.00%0.0000%+7.20%4h matched$14K
Binance USDTHTX USDT0.00%0.0000%+8.74%4h matched$18K

Ontology Gas project profile

Key facts
Total
800.00M
Max supply
1.00B
Type
Coin
Launched
2018-06-30
Market cap rank
#557
Smart Contract PlatformLayer 1 (L1)
Block explorers
About

Since the Ontology MainNet went live on June 30th, 2018, MainNet ONT has started to release ONG periodically. Ontology uses a dual token (ONT and ONG) model. ONT is the coin and can be used for staking in consensus, whereas ONG is the utility token used for on-chain services. Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups. Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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