Funding arb · Price arb /

JST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Binance against Gate−0.009%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$495as in the Funding arb table

Net, price: spread back to 7d avg − costs−$503as in the Price arb table

costs, in and out, $10k−$5085.079% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.009%, 7d avg −0.057%

Together, before fees+0.196%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.048% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JST_USDT	0.1148	0.0100	pay 0.0050% / 4h	10m 59s	$172K	$65K	25x
Short	Binance JSTUSDT	0.1148	0.0100	get 0.0050% / 4h	10m 59s	$6.6M	$8.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.057%: $4.79
Slippage, 4 orders: −$482.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$503.1
Costs to cover: 5.079%
Break-even: never at this rate

Slippage from Gate: live order book, 60 min ago; Binance: live order book, 13 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, 60 min ago	4.88 bp	171.4 bp −$171	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.88 bp	16.8 bp −$17	59.4 bp −$594	353.6 bp −$35.4K	doesn't fit

JST on 9 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
BingX JST-USDT	+0.0036%	4h	0.1148	−0.061%	—	$2.3M	—	as long as short
Binance JSTUSDTshort	+0.0100%	4h	0.1148	−0.009%	$6.6M	$8.8M	75x
Bybit JSTUSDT	+0.0100%	8h	0.1147	−0.070%	$1.8M	$1.1M	75x	as long as short
Gate JST_USDTlong	+0.0100%	4h	0.1148	long leg	$172K	$65K	25x
MEXC JST_USDT	+0.0100%	4h	0.1148	0.000%	$889K	$269K	50x	as long as short
Bitget JSTUSDT	+0.0100%	4h	0.1148	−0.026%	$2.0M	$523K	75x	as long as short
Variational Omni JST	+0.0100%	8h	0.1147	−0.115%	$51K	$77K	—	as long as short
SunX JST-USDT	+0.0100%	4h	0.1147	−0.143%	$438K	$1.4M	20x	as long as short
HTX JST-USDT	+0.0100%	4h	0.1147	−0.096%	$996K	$63K	75x	as long as short