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

JP225

RWAall JP225 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: MEXC against HTX+0.116%50s7-day average −0.150% · you sell dearer than you buy
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 7 days−0.105%−$10 on $10k
Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.116%, 7d avg −0.150%
Together, before fees−0.326%−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.266% dearer against HTX than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.150%): +$27 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 18 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX JP225-USDT66,369.10.0050pay 0.0006% / 1h11m 29s$358$433K20x
ShortMEXC JP225_USDT66,4460get 0.0000% / 8h2h 11m$403K$163K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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
−$10.5
Price spread: +0.116% → −0.150%
$26.64
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
$4.14
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: HTX: live order book, 37 min ago; MEXC: live order book, 19 min ago. 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 HTX live order book, 37 min ago21.28 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 19 min ago4.91 bp154.3 bp −$154300.7 bp −$3,007493.7 bp −$49.4Kdoesn'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%8h66,514+0.218%$47K$69K10xas long as short
MEXC JP225_USDTshort0.0000%8h66,446+0.116%$403K$163K50x
Bitget JP225USDT0.0000%8h66,381+0.018%$365K$193K20xas long as short
Extended JP225-USD+0.0048%1h66,529+0.241%$6K25xas long as short
Popdex JP225USDT+0.0048%1h66,515+0.220%$213$113K20xas long as short
tradeXYZ xyz:JP225+0.0050%1h66,514+0.218%$3.3M$2.1M20xas long as short
HTX JP225-USDTlong+0.0050%1h66,369.1long leg$358$433K20x