Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

JNJ

RWAAll JNJ markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitJNJUSDT
253.7600.0000% / 8h54m 28s$156K$113K25xLong Bybit
SHORT
GateJNJ_USDT
253.84+0.0201get 0.0201% / 8h54m 28s$121K$56K20xShort Gate
Price gap+0.032%
Funding gap+0.0201% /8h

Both sides work: funding pays +$6 a day on $10k, and the gap is 0.106% above its 7d average: +$11 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$30+0.0201% /8h now · paid +0.298% over the last 7D
Price+$11spread +0.032% now, avg −0.075% → +0.106% if it goes back
Costs−$5385.379% of $10k · taker + slippage, in and out
Result−$497−4.97%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.032%
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 size74.3 / 137.7 bp
    At $10k entering Gate costs 137.7 bp, fee and slippage, 1.9× Bybit’s.
  • Note: Margin at max leverage$400 + $500
    Bybit 25x, 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: +$6.03Long Bybit: 3 payments, $0.00; short Gate: 3 payments, +$6.03.
  • OK: Entry gap works for you+0.032% vs −0.075%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$121K vs $156K OI
    Gate sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · Gate Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0142%/8h × 21 periods+$29.83
Price spread+0.032% → −0.075% (7d avg)+$10.63
Slippage, 4 orderslive order books−$511.87
Fee Bybit bp × 2 orders−$11.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$497.41
Costs to cover5.379%Break-even123.7 days
Slippage: Bybit: live order book, 41 min ago; Gate: live order book, 52 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit0.2074.3 bp−$74doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTGate0.20137.7 bp−$138doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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