Funding you earn now, next payment 08:00 UTC+0.0553%/8h= +60.6% APRnext payment +$2.77 per $10,000 · paid last 24h +0.133%
Price spread now: Binance against Gate−0.078%7-day average +0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1821.823% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.078%, 7d avg +0.069%
=Funding pays, the price is against you. Binance is 0.148% cheaper against Gate than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.069%). If the spread goes back, that is −$15 on $10k: about 21 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.332% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.332% in total (about 17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.77 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZHONGJI_USDT | 161.37 | 0 | get 0.0000% / 4h | 3h 48m | $255K | $176K | 20x |
| Short | Binance ZHONGJIUSDT | 161.24 | 0.0553 | get 0.0277% / 4h | 3h 48m | $4.2M | $10.5M | 20x |
Gate ZHONGJI_USDT
Binance ZHONGJIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $116.21
- Price spread: −0.078% → +0.069%
- −$14.75
- Slippage, 4 orders
- −$157.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$80.87
- Costs to cover
- 1.823%
- Break-even
- 11.9 days
Slippage from Gate: live order book, 63 min ago; Binance: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 63 min ago | 16.12 bp | 73.0 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.62 bp | 23.7 bp −$24 | 83.5 bp −$835 | doesn't fit | doesn't fit |
ZHONGJI on 8 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX ZHONGJIUSDC | −0.0917% | 4h | 161.29 | −0.052% | $65K | $398K | 10x | as long as short |
| Bybit ZHONGJIUSDT | 0.0000% | 8h | 161.38 | +0.006% | $79K | $62K | 25x | as long as short |
| Gate ZHONGJI_USDTlong | 0.0000% | 4h | 161.37 | long leg | $255K | $176K | 20x | |
| HTX ZHONGJI-USDT | 0.0000% | 4h | 161.15 | −0.136% | $31K | $360K | 20x | as long as short |
| Bitget ZHONGJIUSDT | +0.0250% | 8h | 161.21 | −0.099% | $615K | $799K | 20x | as long as short |
| KuCoin ZHONGJIUSDTM | +0.0296% | 4h | 161.24 | −0.081% | $62K | $72K | 20x | as long as short |
| Binance ZHONGJIUSDTshort | +0.0553% | 4h | 161.24 | −0.078% | $4.2M | $10.5M | 20x | |
| OKX ZHONGJI-USDT-SWAP | +0.1116% | 8h | 161.39 | +0.012% | $1.9M | $4.4M | 20x | as long as short |
edgeX ZHONGJIUSDC
Bybit ZHONGJIUSDT
HTX ZHONGJI-USDT
Bitget ZHONGJIUSDT
KuCoin ZHONGJIUSDTM
OKX ZHONGJI-USDT-SWAP