Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.094%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 2 days (all we have)−0.094%−$9 · spread now +0.094%, 7d avg +0.029%

Together, before fees−0.141%−$14 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: Bybit is 0.065% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JPMUSDT	352.00	0	get 0.0000% / 8h	3h 55m	$928K	$485K	20x
Short	Bybit JPMUSDT	352.33	0	get 0.0000% / 8h	3h 55m	$154K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.029%: $6.52
Slippage, 4 orders: −$85.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$99.71
Costs to cover: 1.062%
Break-even: never at this rate

Slippage from Binance: live order book, 67 min ago; Bybit: live order book, 5 min ago.

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 Binance live order book, 67 min ago	0.14 bp	14.0 bp −$14	48.2 bp −$482	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.98 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit

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	348.49	−0.997%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.05	+0.013%	$3K	$437	20x	as long as short
Binance JPMUSDTlong	0.0000%	8h	352.00	long leg	$928K	$485K	20x
Bybit JPMUSDTshort	0.0000%	8h	352.33	+0.094%	$154K	$1.1M	25x
Gate JPM_USDT	0.0000%	8h	352.04	+0.011%	$731K	$225K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.17	+0.048%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.93	−0.019%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.06	+0.016%	$5K	$82K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.95	−0.014%	$1K	$857K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.81	−0.054%	$7K	$38K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX JPM-USD	0.0000%	1h	351.96	−0.011%	$1.1M	$2.7M	10x	as long as short
BloFin JPM-USDT	+0.0024%	8h	352.06	+0.017%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.76	−0.068%	$155K	$886K	20x	as long as short
edgeX JPMUSDC	+0.0525%	4h	351.97	−0.010%	$36K	$171K	10x	as long as short