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: Binance against Bitget+0.039%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$860.855% of the position

Long on Bitget Short on Binance

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)+0.093%+$9 · spread now +0.039%, 7d avg +0.076%

Together, before fees+0.140%+$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: Binance is 0.037% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JPMUSDT	352.21	0	get 0.0000% / 8h	2h 20m	$205K	$11K	20x
Short	Binance JPMUSDT	352.35	0	get 0.0000% / 8h	2h 20m	$938K	$500K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.076%: −$3.71
Slippage, 4 orders: −$63.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.24
Costs to cover: 0.855%
Break-even: never at this rate

Slippage from Bitget: live order book, 19 min ago; Binance: live order book, 12 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 Bitget live order book, 19 min ago	15.91 bp	23.7 bp −$24	43.1 bp −$431	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.85 bp	10.7 bp −$11	48.0 bp −$480	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	348.50	−1.053%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.41	+0.057%	$3K	$437	20x	as long as short
Binance JPMUSDTshort	0.0000%	8h	352.35	+0.039%	$938K	$500K	20x
Bybit JPMUSDT	0.0000%	8h	352.48	+0.077%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.41	+0.057%	$727K	$227K	25x	as long as short
Bitget JPMUSDTlong	0.0000%	8h	352.21	long leg	$205K	$11K	20x
Variational Omni JPM	0.0000%	8h	352.28	+0.021%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.37	+0.045%	$5K	$82K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.40	+0.054%	$888	$859K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	352.37	+0.045%	$6K	$39K	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	+0.0003%	1h	352.22	+0.003%	$1.1M	$2.6M	10x	as long as short
BloFin JPM-USDT	+0.0020%	8h	352.43	+0.062%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.17	−0.011%	$157K	$920K	20x	as long as short
edgeX JPMUSDC	+0.0240%	4h	352.32	+0.031%	$36K	$172K	10x	as long as short