Settings8H · net · $10k
Funding arb · Price arb /

JD

RWAall JD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%
Price spread now: Injective against Gate−1.302%54s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Injective is 1.302% cheaper against Gate than usual: you would sell low and buy high (spread −1.302% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$130 on $10k: about 4 months of funding at the current rate (+$1 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate JD_USDT27.4270get 0.0000% / 8h4h 48m$27K$2K20x
ShortInjective JD/USDC PERP27.0700.0033get 0.0004% / 1h48m 21s$4$26K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$7
Price spread: −1.302% → 0.000%
−$130.16
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$138.18
Costs to cover
0.150%
Break-even
145.2 days
Slippage unknown: Gate: no order-book sample; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate no order-book sample
Sell Injective no order-book sample
Gate and Injective: 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.

JD on 5 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
Bybit JDUSDT0.0000%8h27.470+0.157%$114K$209K25xas long as short
Gate JD_USDTlong0.0000%8h27.427long leg$27K$2K20x
Bitget JDUSDT0.0000%8h27.400−0.098%$602K$72K20xas long as short
HTX JD-USDT0.0000%8h27.359−0.248%$5K$387K20xas long as short
Injective JD/USDC PERPshort+0.0033%1h27.070−1.302%$4$26K12x