If you mean $ONG (Ontology Gas) rather than ONT, then yes, it’s possible to close the trade in profit—but the funding income alone doesn’t guarantee it.
Right now, $ONG is around $0.11–$0.12, and the market has been highly volatile.
If you are LONG and receiving positive funding, your calculation is:
Net profit = price P&L + funding received − trading fees
One important point: current funding data can vary significantly by exchange, and some venues are showing strongly negative funding for ONG, meaning the direction receiving funding may differ depending on the exchange.
So I wouldn't say “guaranteed profit.” Your trade can be profitable if the accumulated funding is large enough to offset any loss from ONG's price movement.
If you send me your ONG entry price + current position size + leverage + funding earned, I can calculate your exact break-even price and estimated profit at different closing prices.#KoreaSingleStockLeveragedETFTradingFalls #GoldFalls3.24%ThisWeek
Right now, $ONG is around $0.11–$0.12, and the market has been highly volatile.
If you are LONG and receiving positive funding, your calculation is:
Net profit = price P&L + funding received − trading fees
One important point: current funding data can vary significantly by exchange, and some venues are showing strongly negative funding for ONG, meaning the direction receiving funding may differ depending on the exchange.
So I wouldn't say “guaranteed profit.” Your trade can be profitable if the accumulated funding is large enough to offset any loss from ONG's price movement.
If you send me your ONG entry price + current position size + leverage + funding earned, I can calculate your exact break-even price and estimated profit at different closing prices.#KoreaSingleStockLeveragedETFTradingFalls #GoldFalls3.24%ThisWeek