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+0.0048%/8h= +5.3% APRpaid last 24h +0.008%
Price spread now: Extended against OKX+0.023%7-day average · 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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.023% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX JP225-USDT-SWAP66,5140get 0.0000% / 8h2h 11m$47K$69K10x
ShortExtended JP225-USD66,5290.0048get 0.0006% / 1h11m 29s$6K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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: +0.023% → 0.000%
$2.26
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$2.66
Costs to cover
0.150%
Break-even
8.9 days
Slippage unknown: OKX: no order-book sample; Extended: 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 OKX no order-book sample
Sell Extended no order-book sample
OKX and Extended: 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.

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-SWAPlong0.0000%8h66,514long leg$47K$69K10x
MEXC JP225_USDT0.0000%8h66,446−0.102%$403K$163K50xas long as short
Bitget JP225USDT0.0000%8h66,381−0.200%$365K$193K20xas long as short
Extended JP225-USDshort+0.0048%1h66,529+0.023%$6K25x
Popdex JP225USDT+0.0048%1h66,515+0.002%$213$113K20xas long as short
tradeXYZ xyz:JP225+0.0050%1h66,5140.000%$3.3M$2.1M20xas long as short
HTX JP225-USDT+0.0050%1h66,369.1−0.218%$358$433K20xas long as short