JPM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Binance+0.065%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,348as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,356as in the Price arb table

costs, in and out, $10k−$1,36513.649% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 2 days (all we have)−0.068%−$7 · spread now +0.065%, 7d avg −0.026%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.092% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JPMUSDT	351.74	0	get 0.0000% / 8h	7h 43m	$934K	$500K	20x
Short	KuCoin JPMUSDTM	351.97	0.0100	get 0.0100% / 8h	7h 43m	$155K	$958K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.065%Rate

Funding earned: $21
Price spread: +0.065% → −0.026%: $9.16
Slippage, 4 orders: −$1,342.85
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,334.69
Costs to cover: 13.649%
Break-even: 451.9 days

Slippage from Binance: live order book, 19 min ago; KuCoin: live order book, 21 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, 19 min ago	0.85 bp	7.8 bp −$8	46.4 bp −$464	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 min ago	18.74 bp	184.8 bp −$185	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
Gate JPM_USDT	−0.0922%	8h	351.77	+0.009%	$724K	$195K	25x	as long as short
edgeX JPMUSDC	−0.0629%	4h	351.85	+0.031%	$36K	$173K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.50	−0.921%	$7K	$34K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.32	+0.166%	$3K	$388	20x	as long as short
Binance JPMUSDTlong	0.0000%	8h	351.74	long leg	$934K	$500K	20x
Bybit JPMUSDT	0.0000%	8h	351.89	+0.043%	$153K	$1.1M	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.89	+0.043%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.95	+0.060%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	351.99	+0.071%	$6K	$79K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.54	−0.057%	$1K	$789K	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	351.82	+0.023%	$7K	$39K	20x	as long as short
BloFin JPM-USDT	+0.0016%	8h	351.99	+0.071%	$90K	$27K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	351.44	−0.085%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTMshort	+0.0100%	8h	351.97	+0.065%	$155K	$958K	20x