2025-12-27 17:20:12

Recently, I found ONT to be quite interesting. With a negative 2 funding rate and up to 75x leverage, it looks like a good arbitrage opportunity. So I gave it a try.

When the funding fee was about to settle, I maximized the 75x leverage to go long, but only got a limit of 5000U, with an actual principal of less than 67U. When the price hit the target, I immediately closed the position at market price. And what happened? I received 100U just from the funding fee. Although the position itself lost 42U, after deducting fees, I still netted over 50 bucks.

Honestly, this move was a bit unexpected. There are quite a few market inefficiencies like this, it just depends on whether you can catch them.

ONT-4,07%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
7
Repost
Share

Comment

0/400

CryingOldWallet

· 16h ago

Ha, it's the same old trick of cutting leeks again. The funding rate is basically just a way for the big players to scam you. Wait, do you really net over 50 with just 67 bucks of principal? That's an incredible deal, I have to try it. I've looked into ONT too, but it doesn't seem that attractive. Your luck really can make a difference. By the way, where are the opportunities for negative funding rates nowadays? They've probably been exploited by big players long ago. I feel like you're just bragging. A $5,000 limit and only this much return?

View OriginalReply0

SoliditySlayer

· 18h ago

Wow, $67 principal turned into over $100 in fees? The exchange's pricing is just too outrageous haha

View OriginalReply0

BuyTheTop