Funding arb · Price arb /

JASMY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0339%/8h= −37.1% APRpaid last 24h —

Price spread now: Bybit against Deribit−0.138%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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 −$10 a day on $10k at the current rate, and Bybit is 0.138% cheaper against Deribit than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JASMY_USDC-PERPETUAL	0.004355	0.0439	pay 0.0055% / 1h	22m 22s	—	—	10x
Short	Bybit JASMYUSDT	0.004349	0.0100	get 0.0100% / 8h	1h 22m	$3.8M	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee BybitbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$71.19
Price spread: −0.138% → 0.000%: −$13.78
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$102.97
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, just now. 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 Deribit no order-book sample	—	—	—	—	—
Sell Bybit live order book, just now	3.45 bp	20.6 bp −$21	49.4 bp −$494	doesn't fit	doesn't fit

Deribit: 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.

JASMY on 14 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
Coinbase International JASMY-PERP-INTX	−0.0544%	1h	0.004337	−0.413%	$16K	$15K	25x	as long as short
KuCoin JASMYUSDTM	−0.0049%	8h	0.004348	−0.161%	$3.4M	$2.4M	50x	as long as short
Aster JASMYUSDT	+0.0100%	8h	0.004350	−0.123%	$7K	$16K	5x	as long as short
Binance JASMYUSDT	+0.0100%	8h	0.004351	−0.098%	$3.4M	$5.3M	75x	as long as short
Bybit JASMYUSDTshort	+0.0100%	8h	0.004349	−0.138%	$3.8M	$2.3M	75x
Gate JASMY_USDT	+0.0100%	8h	0.004351	−0.092%	$387K	$190K	75x	as long as short
MEXC JASMY_USDT	+0.0100%	8h	0.004349	−0.138%	$10.0M	$2.8M	200x	as long as short
Bitget JASMYUSDT	+0.0100%	8h	0.004355	0.000%	$1.7M	$581K	50x	as long as short
BingX JASMY-USDT	+0.0100%	8h	0.004350	−0.115%	—	$7.8M	—	as long as short
Variational Omni JASMY	+0.0100%	8h	0.004351	−0.081%	$138K	$20K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended JASMY-USD	+0.0104%	1h	0.004349	−0.133%	$31K	$169K	10x	as long as short
BloFin JASMY-USDT	+0.0220%	8h	0.004351	−0.092%	$226K	$196K	75x	as long as short
Deribit JASMY_USDC-PERPETUALlong	+0.0439%	1h	0.004355	long leg	—	—	10x
Kraken Futures PF_JASMYUSD	+0.0576%	1h	0.004342	−0.290%	$248K	$226K	20x	as long as short