ONG arbitrage between Bybit and Binance: we compare the price of ONG on Bybit (futures) and Binance (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Ontology Gas

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.…

Smart Contract Platform, Layer 1 (L1)

Over the past 24 hours the spread between Bybit and Binance stayed between 0.14% and 1.88%, median 0.30% across 63 samples (futures to futures).

ONG: Binance — deposit open, withdrawal open.

Open interest in ONG right now — $8.2M: Binance $4.6M, Bybit $1.6M, BingX $1.2M, Bitget $816.4K. See OI ONG.

About ONG arbitrage

How do I read the ONG spread?

The spread is how many percent higher ONG trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Bybit and Binance. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get ONG alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.