Funding you earn now, next payment 04:00 UTC+0.0613%/8h= +67.2% APRpaid last 24h +0.089%
Price spread now: OKX against Gate+0.031%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1291.290% of the position
Funding, last 7 days+0.663%+$66 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.031%, 7d avg +0.164%
=Funding pays, the price is against you. OKX is 0.133% cheaper against Gate than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.164%). If the spread goes back, that is −$13 on $10k: about 17 hours of funding at the current rate (+$18 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZHONGJI_USDT | 161.85 | 0 | get 0.0000% / 4h | 1h 28m | $257K | $168K | 20x |
| Short | OKX ZHONGJI-USDT-SWAP | 161.90 | 0.0613 | get 0.0613% / 8h | 5h 28m | $1.8M | $4.5M | 20x |
Gate ZHONGJI_USDT
OKX ZHONGJI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $128.83
- Price spread: +0.031% → +0.164%
- −$13.29
- Slippage, 4 orders
- −$103.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$13.44
- Costs to cover
- 1.290%
- Break-even
- 7.7 days
Slippage from Gate: live order book, 28 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 28 min ago | 4.29 bp | 48.2 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 4.61 bp | 11.1 bp −$11 | 23.6 bp −$236 | 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 | −0.0393% | 4h | 162.31 | +0.284% | $65K | $373K | 10x | as long as short |
| Binance ZHONGJIUSDT | 0.0000% | 4h | 161.69 | −0.099% | $4.2M | $10.5M | 20x | as long as short |
| Bybit ZHONGJIUSDT | 0.0000% | 8h | 161.65 | −0.124% | $78K | $59K | 25x | as long as short |
| Gate ZHONGJI_USDTlong | 0.0000% | 4h | 161.85 | long leg | $257K | $168K | 20x | |
| HTX ZHONGJI-USDT | 0.0000% | 4h | 161.73 | −0.074% | $31K | $361K | 20x | as long as short |
| Bitget ZHONGJIUSDT | +0.0001% | 8h | 161.48 | −0.229% | $607K | $792K | 20x | as long as short |
| KuCoin ZHONGJIUSDTM | +0.0100% | 4h | 161.69 | −0.099% | $62K | $89K | 20x | as long as short |
| OKX ZHONGJI-USDT-SWAPshort | +0.0613% | 8h | 161.90 | +0.031% | $1.8M | $4.5M | 20x |
edgeX ZHONGJIUSDC
Binance ZHONGJIUSDT
Bybit ZHONGJIUSDT
HTX ZHONGJI-USDT
Bitget ZHONGJIUSDT
KuCoin ZHONGJIUSDTM