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: Variational Omni against Bitget+0.047%7-day average +0.086% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.047%, 7d avg +0.086%

Together, before fees−0.028%+ Points / potential airdropVariational Omni: Active · farm board−$3 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: Variational Omni 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 +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JPMUSDT	352.22	0	get 0.0000% / 8h	2h 23m	$205K	$11K	20x
Short	Variational Omni JPM	352.39	0	get 0.0000% / 8h	2h 23m	$120K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.086%: −$3.89
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.89
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 16 min ago; Variational Omni: RFQ quote, 26 min ago. 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, 16 min ago	15.91 bp	23.7 bp −$24	43.1 bp −$431	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 26 min ago	3.22 bp	doesn't fit	89.5 bp −$895	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	−1.056%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0002%	8h	352.43	+0.060%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.42	+0.057%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.41	+0.055%	$939K	$500K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.53	+0.088%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.29	+0.020%	$727K	$226K	25x	as long as short
Bitget JPMUSDTlong	0.0000%	8h	352.22	long leg	$205K	$11K	20x
Variational Omni JPMshort	0.0000%	8h	352.39	+0.047%	$120K	$7K	—
GRVT JPM_USDT_Perp	0.0000%	8h	352.36	+0.039%	$6K	$82K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.40	+0.051%	$888	$859K	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	352.25	+0.009%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0003%	1h	352.15	−0.020%	$1.1M	$2.6M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.19	−0.009%	$157K	$919K	20x	as long as short
edgeX JPMUSDC	+0.0381%	4h	352.38	+0.045%	$36K	$171K	10x	as long as short