Funding you earn now, next payment 16:00 UTC−0.0293%/8h= −32.1% APRnext payment −$2.93 per $10,000 · paid last 24h +0.008%
Price spread now: Bitget against OKX−0.065%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1081.085% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.065%, 7d avg −0.104%
=The price spread pays, funding is against you. Bitget is 0.039% dearer against OKX than usual: you sell high and buy low (spread −0.065% now, against its 7-day average of −0.104%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.175% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.93 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 | OKX ZHONGJI-USDT-SWAP | 154.60 | 0.0293 | pay 0.0293% / 8h | 7h 40m | $1.3M | $5.8M | 20x |
| Short | Bitget ZHONGJIUSDT | 154.50 | 0 | get 0.0000% / 8h | 7h 40m | $564K | $832K | 20x |
OKX ZHONGJI-USDT-SWAP
Bitget ZHONGJIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$61.5
- Price spread: −0.065% → −0.104%
- $3.88
- Slippage, 4 orders
- −$86.46
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$166.08
- Costs to cover
- 1.085%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 55 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, 2 min ago | 0.65 bp | 19.3 bp −$19 | 100.8 bp −$1,008 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 55 min ago | 10.01 bp | 33.1 bp −$33 | 45.4 bp −$454 | 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 | −0.0721% | 4h | 154.65 | +0.034% | $62K | $438K | 10x | as long as short |
| Binance ZHONGJIUSDT | 0.0000% | 4h | 154.55 | −0.030% | $3.6M | $12.7M | 20x | as long as short |
| Bybit ZHONGJIUSDT | 0.0000% | 8h | 154.74 | +0.091% | $82K | $70K | 25x | as long as short |
| Gate ZHONGJI_USDT | 0.0000% | 4h | 154.65 | +0.032% | $251K | $207K | 20x | as long as short |
| Bitget ZHONGJIUSDTshort | 0.0000% | 8h | 154.50 | −0.065% | $564K | $832K | 20x | |
| HTX ZHONGJI-USDT | 0.0000% | 4h | 154.62 | +0.013% | $30K | $357K | 20x | as long as short |
| KuCoin ZHONGJIUSDTM | +0.0100% | 4h | 154.54 | −0.039% | $60K | $92K | 20x | as long as short |
| OKX ZHONGJI-USDT-SWAPlong | +0.0293% | 8h | 154.60 | long leg | $1.3M | $5.8M | 20x |
edgeX ZHONGJIUSDC
Binance ZHONGJIUSDT
Bybit ZHONGJIUSDT
Gate ZHONGJI_USDT
HTX ZHONGJI-USDT
KuCoin ZHONGJIUSDTM