Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Injective against Bitget−1.356%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 1.356% cheaper against Bitget than usual: you would sell low and buy high (−$136 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JPMUSDT	352.40	0	get 0.0000% / 8h	1h 36m	$205K	$11K	20x
Short	Injective JPM/USDC PERP	347.62	−0.0220	pay 0.0028% / 1h	36m 52s	$7K	$45K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.356%Rate

Funding earned: −$46.2
Price spread: −1.356% → 0.000%: −$135.64
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$193.86
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 63 min ago; Injective: no order-book sample. 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 Bitget live order book, 63 min ago	15.91 bp	23.7 bp −$24	43.1 bp −$431	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 PERPshort	−0.0220%	1h	347.62	−1.356%	$7K	$45K	12x
BloFin JPM-USDT	−0.0030%	8h	352.42	+0.006%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.61	+0.061%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.57	+0.049%	$941K	$489K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.66	+0.074%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.54	+0.040%	$727K	$203K	25x	as long as short
Bitget JPMUSDTlong	0.0000%	8h	352.40	long leg	$205K	$11K	20x
Variational Omni JPM	0.0000%	8h	352.48	+0.024%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.50	+0.028%	$5K	$82K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.55	+0.043%	$1K	$808K	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	352.31	−0.026%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0005%	1h	352.45	+0.014%	$1.1M	$2.5M	10x	as long as short
edgeX JPMUSDC	+0.0035%	4h	352.50	+0.030%	$36K	$171K	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.29	−0.031%	$156K	$954K	20x	as long as short