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Funding arb · Price arb /

ZHONGJI

RWAall ZHONGJI markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0207%/8h= +22.7% APRpaid last 24h −0.015%
Price spread now: OKX against Binance+0.184%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$780.784% of the position
Long on BinanceShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.310%+$31 on $10k
Price spread, last 2 days (all we have)−0.047%−$5 · spread now +0.184%, 7d avg +0.108%
Together, before fees+0.263%+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.076% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.108%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZHONGJIUSDT163.360get 0.0000% / 4h2h 14m$4.1M$10.2M20x
ShortOKX ZHONGJI-USDT-SWAP163.660.0207get 0.0207% / 8h6h 14m$1.7M$4.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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

Funding earned
$43.54
Price spread: +0.184% → +0.108%
$7.56
Slippage, 4 orders
−$58.35
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$27.25
Costs to cover
0.784%
Break-even
11.4 days
Slippage from Binance: live order book, 10 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago1.50 bp22.5 bp −$2265.2 bp −$652doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago6.05 bp14.1 bp −$1430.4 bp −$304doesn't fitdoesn't fit

ZHONGJI on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ZHONGJIUSDC−0.0244%4h164.90+0.944%$71K$359K10xas long as short
Binance ZHONGJIUSDTlong0.0000%4h163.36long leg$4.1M$10.2M20x
Bybit ZHONGJIUSDT0.0000%8h163.71+0.214%$78K$57K25xas long as short
Gate ZHONGJI_USDT0.0000%4h163.79+0.263%$255K$158K20xas long as short
Bitget ZHONGJIUSDT0.0000%8h163.38+0.012%$627K$788K20xas long as short
HTX ZHONGJI-USDT0.0000%4h163.47+0.067%$31K$361K20xas long as short
KuCoin ZHONGJIUSDTM+0.0100%4h163.53+0.104%$62K$90K20xas long as short
OKX ZHONGJI-USDT-SWAPshort+0.0207%8h163.66+0.184%$1.7M$4.6M20x