Binance ONG/USDT Funding Rate

ONG/USDT on Binance has maintained a 78.8% positive rate frequency across 5,032 funding settlements since 2023-11-27. This translates to an annualized yield of -15.92% for delta-neutral positions.

The funding rate ranged from a low of -1.5295% to a high of 0.1252% per settlement period. With 4-hour intervals, Binance settles this pair 6 times per day — each settlement is a tradeable event.

The consistently high positive rate (78.8%) indicates persistent long-side demand for ONGperpetual futures. This creates a structural alpha for short-side collectors — and a highly predictable binary market for Settled traders. When the current rate is positive, there is historically >95% probability the next settlement will also be positive.

Funding rates are periodic payments between long and short traders on perpetual futures contracts. When the rate is positive, longs pay shorts — indicating bullish sentiment and excess leverage on the long side. When negative, shorts pay longs.

Binance settles ONG/USDT funding every 4 hours. The rate is determined by the premium/discount between the perpetual contract price and the spot index price. Over 5,032 historical settlements, we observe a strong positive bias — making this pair highly predictable for Settled markets.