CCJ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateCCJ_USDT	88.800	0	0.0000% / 8h	9m 41s	$129K	$4K	20x	Long Gate
SHORT	MEXCCCJSTOCK_USDT	87.590	−0.0146	pay 0.0146% / 8h	9m 41s	$240K	$96K	20x	Short MEXC

Price gap−1.363%

Funding gap−0.0146% /8h

Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.399% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$20−0.0146% /8h now · paid −0.202% over the last 7D

Price−$40spread −1.363% now, avg −0.963% → −0.399% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs−$60−0.60%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−1.363%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CCJ on 3 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than Gate’s order book right now.
Note: Margin at max leverage$500 + $500
Gate 20x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$4.38Long Gate: 3 payments, $0.00; short MEXC: 3 payments, −$4.38.
Watch: Gap narrower than usual−1.363% vs −0.963%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$129K vs $240K OI
Gate sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCGate Yes · MEXC Yes
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0096%/8h × 21 periods−$20.20

Price spread−1.363% → −0.963% (7d avg)−$39.92

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Gate bp × 2 orders−$15.00

Fee MEXC bp × 2 orders$0.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: Gate: live order book, 32 min ago; MEXC: live order book, 65 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate50.42doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTMEXC23.43261.2 bp−$261406.0 bp−$4,060doesn’t fitdoesn’t fit

Closing costs about the same again.

CCJ