JNJ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKJNJ2USD-USDT	253.86	+0.0656	pay 0.0656% / 8h	7h 14m	$987K	$1.6M	—	Long BingX
SHORT	GateJNJ_USDT	253.87	+0.0190	get 0.0190% / 8h	7h 14m	$121K	$46K	20x	Short Gate

Price gap+0.004%

Funding gap−0.0466% /8h

The gap pays +$21 on $10k if it goes back to its 7d average, but funding costs $14 a day and eats that in about 36 hours. At the last 7 days' pace that is about 11 days.

If you open now and hold

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

Funding−$13−0.0466% /8h now · paid −0.128% over the last 7D

Price+$21spread +0.004% now, avg −0.205% → +0.209% if it goes back

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

Result, before costs+$8+0.08%no pointscosts unknown: book too thin at $10k · What 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 −0.128% in total, about −0.0061%/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+0.004%

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

2 ok · 3 to watch

Watch: Thin at this size39.4 / 193.6 bp
At $10k entering Gate costs 193.6 bp, fee and slippage, 4.9× BingX’s.
Note: Margin at max leverage— + $500
BingX —, Gate 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: −$13.98Long BingX: 3 payments, −$19.68; short Gate: 3 payments, +$5.70.
OK: Entry gap works for you+0.004% vs −0.205%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$121K vs $987K OI
Gate sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Gate 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−0.0061%/8h × 21 periods−$12.82

Price spread+0.004% → −0.205% (7d avg)+$20.88

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

Fee BingX bp × 2 orders−$10.00

Fee Gate bp × 2 orders−$15.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: BingX: live order book, 12 min ago; Gate: live order book, 21 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX2.7639.4 bp−$39415.1 bp−$4,151731.8 bp−$73.2K1141.5 bp−$570.8K

SELL · SHORTGate0.99193.6 bp−$194doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

JNJ