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

JP225

RWAAll JP225 markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCSINIKKEI2252USD-USDT
70,087.5+0.0050pay 0.0050% / 8h1m 54s$936K$3.8M—Long BingX
SHORT
tradeXYZxyz:JP225
70,061+0.0056get 0.0007% / 1h1m 54s$3.4M$1.8M20xShort tradeXYZ
Price gap−0.038%
Funding gap+0.0006% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$11+0.0006% /8h now · paid −0.110% over the last 7D
Price+$2spread −0.038% now, avg −0.055% → +0.017% if it goes back
Costs−$190.191% of $10k · taker + slippage, in and out
Result−$28−0.28%+ Points / potential airdroptradeXYZ: points · farm boardWhat 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−0.038%
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

JP225 on 8 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • OK: Fits both order books6.2 / 4.9 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage— + $500
    BingX —, tradeXYZ 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$0.18Long BingX: 3 payments, −$1.50; short tradeXYZ: 24 payments, +$1.68.
  • Note: Gap at its usual level−0.038% vs −0.055%
    The price leg adds little either way.
  • Watch: Long leg is thinner$936K vs $3.4M OI
    BingX sets your exit cost. Check its book before closing.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • Watch: KYCBingX Yes · tradeXYZ No
    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−0.0052%/8h × 21 periods−$11.00
Price spread−0.038% → −0.055% (7d avg)+$1.68
Slippage, 4 orderslive order books−$7.26
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$28.38
Costs to cover0.191%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; tradeXYZ: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX0.796.2 bp−$66.8 bp−$689.8 bp−$98224.0 bp−$12.0K
SELL · SHORTtradeXYZ0.504.9 bp−$57.8 bp−$7863.4 bp−$6,337doesn’t fit

Closing costs about the same again.

Alert

JP225 news

posts that mention JP225 or Nikkei 225, from every exchangeSearch all news →
09-24 04:30OKXOtherGlobal markets. Your next move. Choose from over 180 perpetuals tracking traditional markets, including US100, US500 and JP225. More of the real world, on OKX. @okx on X ↗