Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h +0.010%

Price spread now: edgeX against BloFin−0.016%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.062%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JPM-USDT	352.01	−0.0001	get 0.0001% / 8h	3h 48m	$89K	$27K	20x
Short	edgeX JPMUSDC	351.95	−0.0194	pay 0.0097% / 4h	3h 48m	$36K	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$40.49
Price spread: −0.016% → 0.000%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$63.07
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; edgeX: live order book, 3 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 BloFin no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	6.11 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit

BloFin: 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 PERP	−0.0220%	1h	348.49	−1.000%	$7K	$45K	12x	as long as short
edgeX JPMUSDCshort	−0.0194%	4h	351.95	−0.016%	$36K	$171K	10x
BloFin JPM-USDTlong	−0.0001%	8h	352.01	long leg	$89K	$27K	20x
Aster JPMUSDT	0.0000%	8h	352.08	+0.021%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.05	+0.011%	$929K	$485K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.39	+0.108%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.01	0.000%	$731K	$225K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.09	+0.023%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.00	−0.002%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.05	+0.011%	$5K	$82K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX JPM-USDT	0.0000%	8h	351.91	−0.028%	$1K	$856K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.82	−0.054%	$7K	$38K	20x	as long as short
QFEX JPM-USD	0.0000%	1h	351.97	−0.011%	$1.1M	$2.7M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.90	−0.031%	$156K	$886K	20x	as long as short