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−0.0002%/8h= −0.2% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Popdex against HTX+0.220%7-day average +0.003% · 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 4 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.220%, 7d avg +0.003%
Together, before fees−0.170%−$17 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: Popdex is 0.217% dearer against HTX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX JP225-USDT66,369.10.0050pay 0.0006% / 1h11m 32s$358$433K20x
ShortPopdex JP225USDT66,5150.0048get 0.0006% / 1h11m 32s$213$113K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
−$0.42
Price spread: +0.220% → +0.003%
$21.68
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
$2.86
Costs to cover
0.184%
Break-even
from the start
Slippage unknown: HTX: live order book, 37 min ago; Popdex: live order book, 37 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 Popdex live order book, 37 min ago2.18 bp7.1 bp −$726.2 bp −$262doesn'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%8h66,514+0.218%$47K$69K10xas long as short
MEXC JP225_USDT0.0000%8h66,446+0.116%$403K$163K50xas long as short
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 JP225USDTshort+0.0048%1h66,515+0.220%$213$113K20x
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