JPM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bybit−0.054%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$738as in the Funding arb table

Net, price: spread back to 7d avg − costs−$762as in the Price arb table

costs, in and out, $10k−$7597.586% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.054%, 7d avg −0.021%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.032% cheaper against Bybit than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.021%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JPMUSDT	352.50	0	get 0.0000% / 8h	50m 54s	$154K	$1.1M	25x
Short	KuCoin JPMUSDTM	352.31	0.0100	get 0.0100% / 8h	50m 54s	$155K	$970K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.054%Rate

Funding earned: $21
Price spread: −0.054% → −0.021%: −$3.25
Slippage, 4 orders: −$735.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$740.81
Costs to cover: 7.586%
Break-even: 253.9 days

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 24 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, 5 min ago	3.12 bp	31.5 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 24 min ago	19.16 bp	160.5 bp −$161	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
edgeX JPMUSDC	−0.0313%	4h	352.35	−0.041%	$36K	$172K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.86	−1.033%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.37	−0.036%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.39	−0.031%	$941K	$487K	20x	as long as short
Bybit JPMUSDTlong	0.0000%	8h	352.50	long leg	$154K	$1.1M	25x
Gate JPM_USDT	0.0000%	8h	352.42	−0.023%	$727K	$196K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.23	−0.077%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.38	−0.034%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.34	−0.045%	$6K	$81K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.43	−0.020%	$1K	$782K	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	352.19	−0.088%	$7K	$39K	20x	as long as short
BloFin JPM-USDT	+0.0011%	8h	352.28	−0.062%	$90K	$27K	20x	as long as short
QFEX JPM-USD	+0.0014%	1h	352.18	−0.091%	$1.1M	$2.5M	10x	as long as short
KuCoin JPMUSDTMshort	+0.0100%	8h	352.31	−0.054%	$155K	$970K	20x