← radar
+0.166%per 8h · +0.021%/hshorts receive
last settlement+0.053%→upcoming payout+0.166%▲ heating up
1:57:16settlement
1calmheat
Price (mark)
74.28
-10.0% 24h
Vol 24h
$892K
Open interest
$677K
Price move in 2 min
—
avg 7d
+0.003%/h
avg 30d
+0.001%/h
Price and skew
Price and settlements
126 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Imbalance dynamicsPRO · free in beta
now $522K·series over 32m·event closed, lasted 34m
now $522K·series over 32m·event closed, lasted 34m
imbalance is holdingno new positions are piling in, but none are leaving either
OI, ZHONGJIprice
over the seriespositions-0.9%price+0.3%
Event life curvePRO · free in beta
Across 5 closed events of this pair: a typical one lives 34m, the peak usually lands within the first 5 min
median across 5 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 3 of 5 cases
median accrued 0.05%; in at least half the events price moved in the receiver's favour
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $4.15 · $0.52/hour
- Net snipe per settlement
- $0.15 = 0.166% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 1.04×needs 0.160%+ per settlement
- Liquidation price
- 88.7646 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement profilePRO · free in beta
Building from upcoming settlements: 0 of 3 captured. Each one is added within fifteen minutes of the payout.
Context and comparison
Funding history · 271 settlements
ZHONGJI on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| OKX | +0.182% / 8h | +0.023%/h | shorts | +0.022% |
| Bitget | +0.167% / 8h | +0.021%/h | shorts | +0.007% |
| Bybit ← you are here | +0.166% / 8h | +0.021%/h | shorts | +0.006% |
| Binance | +0.083% / 4h | +0.021%/h | shorts | -0.077% |
OKX+0.023%/h
shortsrate +0.182% / 8hsnipe +0.022%
Bitget+0.021%/h
shortsrate +0.167% / 8hsnipe +0.007%
Bybit← you are here+0.021%/h
shortsrate +0.166% / 8hsnipe +0.006%
Binance+0.021%/h
shortsrate +0.083% / 4hsnipe -0.077%
Max spread across exchanges: +0.002%/h
ZHONGJI across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
4 exchanges on one timeline
Binanceevery 4hBybitevery 8hBitgetevery 8hOKXevery 8hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0056%/h
widest spread
0.0434%/h
09.11 13:00 UTC · Binance ↔ OKX
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.