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 Bitget+0.097%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs−$682as in the Funding arb table

Net, price: spread back to 7d avg − costs−$686as in the Price arb table

costs, in and out, $10k−$6826.820% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.097%, 7d avg +0.136%

Together, before fees+0.146%+$15 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 0.039% 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 +0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JPMUSDT	351.83	0	get 0.0000% / 8h	4h 51m	$205K	$11K	20x
Short	Bybit JPMUSDT	352.17	0	get 0.0000% / 8h	4h 51m	$154K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.136%: −$3.95
Slippage, 4 orders: −$659.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$685.99
Costs to cover: 6.820%
Break-even: never at this rate

Slippage from Bitget: live order book, 63 min ago; Bybit: live order book, 4 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, 63 min ago	11.50 bp	35.0 bp −$35	38.2 bp −$382	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.41 bp	50.2 bp −$50	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	348.41	−0.972%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.20	+0.105%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.15	+0.092%	$929K	$488K	20x	as long as short
Bybit JPMUSDTshort	0.0000%	8h	352.17	+0.097%	$154K	$1.1M	25x
Gate JPM_USDT	0.0000%	8h	352.05	+0.063%	$731K	$231K	25x	as long as short
Bitget JPMUSDTlong	0.0000%	8h	351.83	long leg	$205K	$11K	20x
Variational Omni JPM	0.0000%	8h	351.91	+0.022%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.15	+0.091%	$5K	$84K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.12	+0.082%	$1K	$860K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.95	+0.034%	$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	+0.0007%	1h	352.07	+0.068%	$1.1M	$2.8M	10x	as long as short
BloFin JPM-USDT	+0.0013%	8h	352.31	+0.136%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.07	+0.068%	$155K	$871K	20x	as long as short
edgeX JPMUSDC	+0.0745%	4h	352.11	+0.081%	$36K	$172K	10x	as long as short