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+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: HTX against Popdex−0.195%7-day average −0.011% · 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 4 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.195%, 7d avg −0.011%
Together, before fees+0.234%+$23 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: HTX is 0.184% cheaper against Popdex than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex JP225USDT66,5850.0048pay 0.0006% / 1h9m 10s$273$116K20x
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 Popdex. 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: −0.195% → −0.011%
−$18.43
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee HTX: 6 bp × 2 orders
−$12
Net
−$36.41
Costs to cover
0.184%
Break-even
613.9 days
Slippage unknown: Popdex: live order book, 49 min ago; 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 Popdex live order book, 49 min ago2.63 bp7.7 bp −$839.6 bp −$396doesn't fitdoesn't fit
Sell HTX live order book, 49 min ago19.24 bpdoesn't fitdoesn't fitdoesn'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%8h66,537−0.072%$52K$62K10xas long as short
MEXC JP225_USDT0.0000%8h66,483−0.153%$425K$152K50xas long as short
Bitget JP225USDT0.0000%8h66,586+0.002%$371K$191K20xas long as short
Extended JP225-USD+0.0048%1h66,578−0.011%$6K25xas long as short
Popdex JP225USDTlong+0.0048%1h66,585long leg$273$116K20x
tradeXYZ xyz:JP225+0.0050%1h66,578−0.011%$3.5M$1.8M20xas long as short
HTX JP225-USDTshort+0.0050%1h66,455.3−0.195%$233$433K20x