Funding arb · Price arb /

ZHONGJI

RWAall ZHONGJI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0505%/8h= −55.3% APRpaid last 24h −0.089%

Price spread now: Gate against OKX+0.082%7-day average −0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1631.627% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.703%−$70 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.082%, 7d avg −0.157%

Together, before fees−0.894%−$89 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.240% dearer against OKX than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.157%): +$24 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZHONGJI-USDT-SWAP	158.20	0.0505	pay 0.0505% / 8h	2h 05m	$1.6M	$5.1M	20x
Short	Gate ZHONGJI_USDT	158.33	0	get 0.0000% / 4h	2h 05m	$240K	$196K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now +0.082%Rate

Funding earned: −$106.07
Price spread: +0.082% → −0.157%: $23.96
Slippage, 4 orders: −$137.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$244.84
Costs to cover: 1.627%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 36 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	4.10 bp	16.5 bp −$16	32.9 bp −$329	doesn't fit	doesn't fit
Sell Gate live order book, 36 min ago	9.39 bp	75.8 bp −$76	doesn't fit	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	−0.0955%	4h	158.88	+0.428%	$64K	$424K	10x	as long as short
Binance ZHONGJIUSDT	0.0000%	4h	158.09	−0.071%	$4.0M	$11.7M	20x	as long as short
Bybit ZHONGJIUSDT	0.0000%	8h	158.28	+0.051%	$79K	$72K	25x	as long as short
Gate ZHONGJI_USDTshort	0.0000%	4h	158.33	+0.082%	$240K	$196K	20x
Bitget ZHONGJIUSDT	0.0000%	8h	157.92	−0.177%	$585K	$852K	20x	as long as short
HTX ZHONGJI-USDT	0.0000%	4h	158.43	+0.145%	$30K	$358K	20x	as long as short
KuCoin ZHONGJIUSDTM	+0.0100%	4h	158.12	−0.051%	$61K	$50K	20x	as long as short
OKX ZHONGJI-USDT-SWAPlong	+0.0505%	8h	158.20	long leg	$1.6M	$5.1M	20x