Funding you earn now, next payment 08:00 UTC−0.1022%/8h= −111.9% APRnext payment −$10.22 per $10,000 · paid last 24h −0.089%
Price spread now: Bybit against OKX−0.235%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.671%−$67 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Bybit is 0.235% cheaper against OKX than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.671% in total (about -35.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.22 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 | 161.37 | 0.1022 | pay 0.1022% / 8h | 4h 39m | $1.9M | $4.5M | 20x |
| Short | Bybit ZHONGJIUSDT | 160.99 | 0 | get 0.0000% / 8h | 4h 39m | $79K | $60K | 25x |
OKX ZHONGJI-USDT-SWAP
Bybit ZHONGJIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$214.6
- Price spread: −0.235% → 0.000%
- −$23.55
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$259.15
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 3 min ago; Bybit: no order-book sample. Net counts fees only.
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, 3 min ago | 3.41 bp | 15.3 bp −$15 | 68.1 bp −$681 | doesn't fit | doesn't fit |
| Sell Bybit no order-book sample | — | — | — | — | — |
Bybit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0576% | 4h | 160.69 | −0.421% | $64K | $392K | 10x | as long as short |
| Bybit ZHONGJIUSDTshort | 0.0000% | 8h | 160.99 | −0.235% | $79K | $60K | 25x | |
| Gate ZHONGJI_USDT | 0.0000% | 4h | 161.21 | −0.099% | $251K | $171K | 20x | as long as short |
| HTX ZHONGJI-USDT | 0.0000% | 4h | 161.21 | −0.099% | $31K | $359K | 20x | as long as short |
| KuCoin ZHONGJIUSDTM | +0.0178% | 4h | 161.08 | −0.180% | $62K | $86K | 20x | as long as short |
| Bitget ZHONGJIUSDT | +0.0206% | 8h | 161.05 | −0.198% | $608K | $803K | 20x | as long as short |
| Binance ZHONGJIUSDT | +0.0422% | 4h | 161.17 | −0.122% | $4.2M | $10.6M | 20x | as long as short |
| OKX ZHONGJI-USDT-SWAPlong | +0.1022% | 8h | 161.37 | long leg | $1.9M | $4.5M | 20x |
edgeX ZHONGJIUSDC
Gate ZHONGJI_USDT
HTX ZHONGJI-USDT
KuCoin ZHONGJIUSDTM
Bitget ZHONGJIUSDT
Binance ZHONGJIUSDT