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Funding arb · Price arb /

ZHONGJI

RWAall ZHONGJI markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0612%/8h= +67.1% APRnext payment +$6.12 per $10,000 · paid last 24h −0.047%
Price spread now: OKX against Bitget+0.260%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$840.841% of the position
Long on BitgetShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.245%+$25 on $10k
Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.260%, 7d avg +0.102%
Together, before fees−0.068%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and OKX is 0.158% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.102%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.245% in total (about 12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZHONGJIUSDT161.480.0001pay 0.0001% / 8h5h 28m$607K$792K20x
ShortOKX ZHONGJI-USDT-SWAP161.900.0613get 0.0613% / 8h5h 28m$1.8M$4.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$128.62
Price spread: +0.260% → +0.102%
$15.84
Slippage, 4 orders
−$62.12
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
$60.34
Costs to cover
0.841%
Break-even
3.7 days
Slippage from Bitget: live order book, 32 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 32 min ago4.00 bp22.3 bp −$2227.5 bp −$275doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago4.61 bp11.1 bp −$1123.6 bp −$236doesn't fitdoesn't fit

ZHONGJI on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ZHONGJIUSDC−0.0393%4h162.31+0.514%$65K$373K10xas long as short
Binance ZHONGJIUSDT0.0000%4h161.69+0.130%$4.2M$10.5M20xas long as short
Bybit ZHONGJIUSDT0.0000%8h161.65+0.105%$78K$59K25xas long as short
Gate ZHONGJI_USDT0.0000%4h161.85+0.229%$257K$168K20xas long as short
HTX ZHONGJI-USDT0.0000%4h161.73+0.155%$31K$361K20xas long as short
Bitget ZHONGJIUSDTlong+0.0001%8h161.48long leg$607K$792K20x
KuCoin ZHONGJIUSDTM+0.0100%4h161.69+0.130%$62K$89K20xas long as short
OKX ZHONGJI-USDT-SWAPshort+0.0613%8h161.90+0.260%$1.8M$4.5M20x