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: Aster against Bybit−0.080%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.080% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JPMUSDT	352.28	0	get 0.0000% / 8h	5h 38m	$153K	$1.1M	25x
Short	Aster JPMUSDT	352.00	0	get 0.0000% / 8h	5h 38m	$3K	$437	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → 0.000%: −$8.04
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.04
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Aster: 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 Bybit live order book, 2 min ago	2.27 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	348.44	−1.090%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0007%	8h	351.96	−0.091%	$90K	$26K	20x	as long as short
Aster JPMUSDTshort	0.0000%	8h	352.00	−0.080%	$3K	$437	20x
Binance JPMUSDT	0.0000%	8h	351.99	−0.082%	$927K	$487K	20x	as long as short
Bybit JPMUSDTlong	0.0000%	8h	352.28	long leg	$153K	$1.1M	25x
Gate JPM_USDT	0.0000%	8h	351.99	−0.082%	$731K	$249K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.75	−0.150%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.91	−0.106%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.01	−0.076%	$5K	$83K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.82	−0.131%	$1K	$870K	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	351.73	−0.156%	$7K	$38K	20x	as long as short
QFEX JPM-USD	+0.0016%	1h	351.93	−0.099%	$1.1M	$2.9M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.94	−0.097%	$155K	$848K	20x	as long as short
edgeX JPMUSDC	+0.0202%	4h	351.91	−0.105%	$36K	$171K	10x	as long as short