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

JP225

RWAall JP225 markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Popdex against Bitget+0.039%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$410.412% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.051%+$5 on $10k
Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.039%, 7d avg +0.052%
Together, before fees+0.063%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget JP225USDT66,4670get 0.0000% / 8h3h 29m$370K$191K20x
ShortPopdex JP225USDT66,4930.0048get 0.0006% / 1h29m 57s$233$116K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Bitget. 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
$10.08
Price spread: +0.039% → +0.052%
−$1.25
Slippage, 4 orders
−$22.75
Fee Bitget: 6 bp × 2 orders
−$12
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$32.32
Costs to cover
0.412%
Break-even
29.4 days
Slippage from Bitget: live order book, 15 min ago; Popdex: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 15 min ago3.68 bp13.1 bp −$1316.5 bp −$165doesn't fitdoesn't fit
Sell Popdex live order book, 24 min ago2.93 bp7.7 bp −$822.4 bp −$224doesn't fitdoesn't fit

JP225 on 7 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
OKX JP225-USDT-SWAP0.0000%8h66,582+0.173%$48K$67K10xas long as short
MEXC JP225_USDT0.0000%8h66,522+0.083%$405K$156K50xas long as short
Bitget JP225USDTlong0.0000%8h66,467long leg$370K$191K20x
Extended JP225-USD+0.0048%1h66,483+0.024%$6K25xas long as short
Popdex JP225USDTshort+0.0048%1h66,493+0.039%$233$116K20x
tradeXYZ xyz:JP225+0.0050%1h66,490+0.035%$3.4M$2.0M20xas long as short
HTX JP225-USDT+0.0050%1h66,456.3−0.016%$532$434K20xas long as short