Funding you earn now, next payment 08:00 UTC+0.0458%/8h= +50.2% APRpaid last 24h +0.089%
Price spread now: OKX against Gate−0.136%7-day average +0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$234as in the Price arb table
costs, in and out, $10k−$2052.050% of the position
Funding, last 7 days+0.703%+$70 on $10k
+Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.136%, 7d avg +0.155%
=Funding pays, the price is against you. OKX is 0.291% cheaper against Gate than usual: you would sell low and buy high (spread −0.136% now, against its 7-day average of +0.155%). If the spread goes back, that is −$29 on $10k: about 2.1 days of funding at the current rate (+$14 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZHONGJI_USDT | 154.24 | 0 | get 0.0000% / 4h | 3m 20s | $250K | $217K | 20x |
| Short | OKX ZHONGJI-USDT-SWAP | 154.03 | 0.0458 | get 0.0458% / 8h | 3m 20s | $1.3M | $5.7M | 20x |
Gate ZHONGJI_USDT
OKX ZHONGJI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $96.24
- Price spread: −0.136% → +0.155%
- −$29.13
- Slippage, 4 orders
- −$180.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$137.93
- Costs to cover
- 2.050%
- Break-even
- 17.0 days
Slippage from Gate: live order book, 28 min ago; OKX: live order book, 4 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 Gate live order book, 28 min ago | 4.20 bp | 86.8 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 6.17 bp | 23.9 bp −$24 | 75.2 bp −$752 | 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 | −0.0822% | 4h | 154.06 | −0.117% | $62K | $439K | 10x | as long as short |
| Bybit ZHONGJIUSDT | 0.0000% | 8h | 154.20 | −0.026% | $82K | $70K | 25x | as long as short |
| Gate ZHONGJI_USDTlong | 0.0000% | 4h | 154.24 | long leg | $250K | $217K | 20x | |
| Bitget ZHONGJIUSDT | 0.0000% | 8h | 154.04 | −0.130% | $567K | $825K | 20x | as long as short |
| HTX ZHONGJI-USDT | 0.0000% | 4h | 154.10 | −0.091% | $30K | $359K | 20x | as long as short |
| KuCoin ZHONGJIUSDTM | +0.0100% | 4h | 154.17 | −0.045% | $59K | $68K | 20x | as long as short |
| Binance ZHONGJIUSDT | +0.0258% | 4h | 154.11 | −0.085% | $3.6M | $12.5M | 20x | as long as short |
| OKX ZHONGJI-USDT-SWAPshort | +0.0458% | 8h | 154.03 | −0.136% | $1.3M | $5.7M | 20x |
edgeX ZHONGJIUSDC
Bybit ZHONGJIUSDT
Bitget ZHONGJIUSDT
HTX ZHONGJI-USDT
KuCoin ZHONGJIUSDTM
Binance ZHONGJIUSDT