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

JP225

RWAall JP225 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: HTX against OKX−0.123%7-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 7 days+0.105%+$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. HTX is 0.123% cheaper against OKX than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8.2 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX JP225-USDT-SWAP66,5370get 0.0000% / 8h4h 09m$52K$62K10x
ShortHTX JP225-USDT66,455.30.0050get 0.0006% / 1h9m 10s$233$433K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$10.5
Price spread: −0.123% → 0.000%
−$12.28
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$23.78
Costs to cover
0.220%
Break-even
22.9 days
Slippage unknown: OKX: no order-book sample; HTX: live order book, 49 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 OKX no order-book sample
Sell HTX live order book, 49 min ago19.24 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
OKX: 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%8h66,537long leg$52K$62K10x
MEXC JP225_USDT0.0000%8h66,483−0.081%$425K$152K50xas long as short
Bitget JP225USDT0.0000%8h66,586+0.074%$371K$191K20xas long as short
Extended JP225-USD+0.0048%1h66,578+0.062%$6K25xas long as short
Popdex JP225USDT+0.0048%1h66,585+0.072%$273$116K20xas long as short
tradeXYZ xyz:JP225+0.0050%1h66,578+0.062%$3.5M$1.8M20xas long as short
HTX JP225-USDTshort+0.0050%1h66,455.3−0.123%$233$433K20x