JNJ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKJNJ2USD-USDT	257.00	+0.0050	pay 0.0050% / 8h	7h 25m	$987K	$1.6M	—	Long BingX
SHORT	BybitJNJUSDT	256.60	−0.1855	pay 0.1855% / 8h	7h 25m	$156K	$94K	25x	Short Bybit

Price gap−0.156%

Funding gap−0.1905% /8h

Both sides work against this direction now: funding costs $57 a day on $10k and the gap is 0.049% 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−$39−0.1905% /8h now · paid −0.390% over the last 7D

Price−$5spread −0.156% now, avg −0.107% → −0.049% if it goes back

Costs−$3113.107% of $10k · taker + slippage, in and out

Result−$355−3.55%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.390% in total, about −0.0186%/8h on average.

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−0.156%

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

JNJ on 5 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size52.8 / 80.8 bp
At $10k entering Bybit costs 80.8 bp, fee and slippage, 1.5× BingX’s.
Note: Margin at max leverage— + $400
BingX —, Bybit 25x. 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: −$57.14Long BingX: 3 payments, −$1.50; short Bybit: 3 payments, −$55.64.
Watch: Gap narrower than usual−0.156% vs −0.107%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$156K vs $987K OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Bybit Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0186%/8h × 21 periods−$39.00

Price spread−0.156% → −0.107% (7d avg)−$4.90

Slippage, 4 orderslive order books−$289.71

Fee BingX bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$354.62

Costs to cover3.107%Break-evennever at this rate

Slippage: BingX: live order book, 19 min ago; Bybit: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX2.9152.8 bp−$53388.3 bp−$3,883596.9 bp−$59.7K1009.7 bp−$504.9K

SELL · SHORTBybit3.8980.8 bp−$81doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

JNJ