Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.070%

Price spread now: Injective against BloFin−1.822%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.405%−$41 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 1.822% cheaper against BloFin than usual: you would sell low and buy high (spread −1.822% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$182 on $10k: about 4 months of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.405%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JPM-USDT	352.33	−0.0012	get 0.0012% / 8h	5h 27m	$91K	$28K	20x
Short	Injective JPM/USDC PERP	345.91	0.0033	get 0.0004% / 1h	27m 22s	$7K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.822%Rate

Funding earned: $9.61
Price spread: −1.822% → 0.000%: −$182.22
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$184.63
Costs to cover: 0.120%
Break-even: 141.5 days

Slippage unknown: BloFin: no order-book sample; 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 BloFin no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

BloFin and 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 exchanges

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
edgeX JPMUSDC	−0.0593%	4h	352.20	−0.037%	$36K	$171K	10x	as long as short
Gate JPM_USDT	−0.0477%	8h	352.37	+0.011%	$727K	$145K	25x	as long as short
QFEX JPM-USD	−0.0160%	1h	352.11	−0.062%	$1.1M	$2.4M	10x	as long as short
BloFin JPM-USDTlong	−0.0012%	8h	352.33	long leg	$91K	$28K	20x
Aster JPMUSDT	0.0000%	8h	352.20	−0.036%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.24	−0.026%	$934K	$475K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.57	+0.068%	$154K	$54K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.08	−0.071%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.20	−0.036%	$120K	$6K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.33	0.000%	$5K	$78K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX JPM-USDT	0.0000%	8h	352.08	−0.071%	$1K	$752K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	352.05	−0.079%	$7K	$39K	20x	as long as short
Injective JPM/USDC PERPshort	+0.0033%	1h	345.91	−1.822%	$7K	$34K	12x
KuCoin JPMUSDTM	+0.0100%	8h	352.31	−0.006%	$155K	$1.1M	20x	as long as short