JPM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0527%/8h= −57.7% APRnext payment −$5.27 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit+0.060%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$385as in the Funding arb table

Net, price: spread back to 7d avg − costs−$376as in the Price arb table

costs, in and out, $10k−$3873.875% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.060%, 7d avg −0.055%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.115% dearer against Bybit than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.055%): +$11 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 17 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.27 per $10,000. 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	Bybit JPMUSDT	352.42	0	get 0.0000% / 8h	7h 57m	$154K	$1.1M	25x
Short	Gate JPM_USDT	352.63	−0.0527	pay 0.0527% / 8h	7h 57m	$726K	$194K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.060%Rate

Funding earned: −$110.67
Price spread: +0.060% → −0.055%: $11.46
Slippage, 4 orders: −$361.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$486.7
Costs to cover: 3.875%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 39 min ago.

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	3.97 bp	41.6 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 39 min ago	4.54 bp	18.9 bp −$19	doesn't fit	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
Gate JPM_USDTshort	−0.0527%	8h	352.63	+0.060%	$726K	$194K	25x
edgeX JPMUSDC	−0.0331%	4h	352.19	−0.065%	$36K	$171K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.84	−1.016%	$7K	$34K	12x	as long as short
GRVT JPM_USDT_Perp	−0.0134%	8h	352.29	−0.037%	$5K	$81K	10x	as long as short
BloFin JPM-USDT	−0.0020%	8h	352.26	−0.045%	$91K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.40	−0.007%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.26	−0.045%	$941K	$485K	20x	as long as short
Bybit JPMUSDTlong	0.0000%	8h	352.42	long leg	$154K	$1.1M	25x
Bitget JPMUSDT	0.0000%	8h	351.86	−0.159%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.28	−0.040%	$119K	$7K	—	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	352.11	−0.088%	$1K	$782K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.99	−0.122%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	352.59	+0.048%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.44	+0.006%	$155K	$956K	20x	as long as short