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
My profile →
My profile
Funding arb · Price arb / RWA

JNJ

RWAAll JNJ markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKXJNJ-USDT-SWAP
253.82+0.0571pay 0.0571% / 8h4m 10s$167K$219K10xLong OKX
SHORT
BybitJNJUSDT
253.6900.0000% / 8h4m 10s$156K$112K25xShort Bybit
Price gap−0.051%
Funding gap−0.0571% /8h

The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $17 a day and eats that in about 12 hours. At the last 7 days' pace that is about 39 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$38−0.0571% /8h now · paid −0.376% over the last 7D
Price+$9spread −0.051% now, avg −0.138% → +0.086% if it goes back
Costs−$2892.888% of $10k · taker + slippage, in and out
Result−$318−3.18%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 −0.376% in total, about −0.0179%/8h on average.

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−0.051%
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 size92.4 / 64.9 bp
    At $10k entering OKX costs 92.4 bp, fee and slippage, 1.4× Bybit’s.
  • Note: Margin at max leverage$1,000 + $400
    OKX 10x, 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: −$17.14Long OKX: 3 payments, −$17.14; short Bybit: 3 payments, $0.00.
  • OK: Entry gap works for you−0.051% vs −0.138%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$156K vs $167K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Yes · Bybit Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0179%/8h × 21 periods−$37.59
Price spread−0.051% → −0.138% (7d avg)+$8.63
Slippage, 4 orderslive order books−$267.82
Fee OKX bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$317.79
Costs to cover2.888%Break-evennever at this rate
Slippage: OKX: live order book, 42 min ago; Bybit: live order book, 26 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX2.7692.4 bp−$92doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit1.3864.9 bp−$65doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert