Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.004%

Price spread now: QFEX against Aster−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. QFEX is 0.022% cheaper against Aster than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4.7 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JPMUSDT	352.00	0	get 0.0000% / 8h	5h 36m	$3K	$437	20x
Short	QFEX JPM-USD	351.92	0.0016	get 0.0002% / 1h	36m 58s	$1.1M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee QFEXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $3.31
Price spread: −0.022% → 0.000%: −$2.22
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.91
Costs to cover: 0.180%
Break-even: 42.8 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	2.13 bp	7.6 bp −$8	18.1 bp −$181	doesn't fit	doesn't fit

Aster: 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.

JPM on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective JPM/USDC PERP	−0.0220%	1h	348.44	−1.011%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0013%	8h	351.96	−0.011%	$90K	$26K	20x	as long as short
Aster JPMUSDTlong	0.0000%	8h	352.00	long leg	$3K	$437	20x
Binance JPMUSDT	0.0000%	8h	351.98	−0.005%	$927K	$487K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.24	+0.069%	$153K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	351.96	−0.011%	$731K	$249K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.81	−0.053%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.91	−0.026%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.00	0.000%	$5K	$84K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.83	−0.048%	$1K	$870K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX JPM-USDT	0.0000%	8h	351.77	−0.065%	$7K	$38K	20x	as long as short
QFEX JPM-USDshort	+0.0016%	1h	351.92	−0.022%	$1.1M	$2.9M	10x
KuCoin JPMUSDTM	+0.0100%	8h	352.05	+0.015%	$155K	$848K	20x	as long as short
edgeX JPMUSDC	+0.0202%	4h	351.91	−0.025%	$36K	$171K	10x	as long as short