Funding you earn now, next payment 04:00 UTC−0.0613%/8h= −67.2% APRpaid last 24h +0.015%
Price spread now: Binance against OKX−0.129%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days−0.310%−$31 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.129%, 7d avg −0.093%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Binance is 0.037% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.310% in total (about -16.2% a year). A funding rate is set anew for every payment. 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 | OKX ZHONGJI-USDT-SWAP | 161.90 | 0.0613 | pay 0.0613% / 8h | 5h 28m | $1.8M | $4.5M | 20x |
| Short | Binance ZHONGJIUSDT | 161.69 | 0 | get 0.0000% / 4h | 1h 28m | $4.2M | $10.5M | 20x |
OKX ZHONGJI-USDT-SWAP
Binance ZHONGJIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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: −0.129% → −0.093%
- −$3.69
- Slippage, 4 orders
- −$35.72
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$188.24
- Costs to cover
- 0.557%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 11 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 OKX live order book, 4 min ago | 4.61 bp | 12.4 bp −$12 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.46 bp | 18.1 bp −$18 | 59.1 bp −$591 | 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 | +0.253% | $65K | $373K | 10x | as long as short |
| Binance ZHONGJIUSDTshort | 0.0000% | 4h | 161.69 | −0.129% | $4.2M | $10.5M | 20x | |
| Bybit ZHONGJIUSDT | 0.0000% | 8h | 161.65 | −0.154% | $78K | $59K | 25x | as long as short |
| Gate ZHONGJI_USDT | 0.0000% | 4h | 161.85 | −0.031% | $257K | $168K | 20x | as long as short |
| HTX ZHONGJI-USDT | 0.0000% | 4h | 161.73 | −0.105% | $31K | $361K | 20x | as long as short |
| Bitget ZHONGJIUSDT | +0.0001% | 8h | 161.48 | −0.259% | $607K | $792K | 20x | as long as short |
| KuCoin ZHONGJIUSDTM | +0.0100% | 4h | 161.69 | −0.130% | $62K | $89K | 20x | as long as short |
| OKX ZHONGJI-USDT-SWAPlong | +0.0613% | 8h | 161.90 | long leg | $1.8M | $4.5M | 20x |
edgeX ZHONGJIUSDC
Bybit ZHONGJIUSDT
Gate ZHONGJI_USDT
HTX ZHONGJI-USDT
Bitget ZHONGJIUSDT
KuCoin ZHONGJIUSDTM