Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against Bybit−0.051%92s7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.051% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JPMUSDT	352.44	0	get 0.0000% / 8h	6h 57m	$154K	$1.1M	25x
Short	BloFin JPM-USDT	352.26	0.0000	pay 0.0000% / 8h	6h 57m	$90K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$0.09
Price spread: −0.051% → 0.000%: −$5.11
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$28.2
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; BloFin: 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, 3 min ago	1.84 bp	41.4 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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
Gate JPM_USDT	−0.0852%	8h	352.27	−0.048%	$727K	$148K	25x	as long as short
GRVT JPM_USDT_Perp	−0.0405%	8h	352.20	−0.068%	$5K	$80K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	345.91	−1.853%	$7K	$34K	12x	as long as short
BloFin JPM-USDTshort	0.0000%	8h	352.26	−0.051%	$90K	$28K	20x
Aster JPMUSDT	0.0000%	8h	352.41	−0.008%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.13	−0.088%	$934K	$493K	20x	as long as short
Bybit JPMUSDTlong	0.0000%	8h	352.44	long leg	$154K	$1.1M	25x
Bitget JPMUSDT	0.0000%	8h	351.94	−0.142%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.13	−0.087%	$120K	$6K	—	as long as short
SunX JPM-USDT	0.0000%	8h	352.13	−0.088%	$986	$792K	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	351.96	−0.136%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	352.09	−0.099%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.18	−0.074%	$155K	$986K	20x	as long as short
edgeX JPMUSDC	+0.0283%	4h	352.14	−0.086%	$36K	$172K	10x	as long as short