Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0585%/8h= +64.0% APRpaid last 24h −0.083%

Price spread now: Binance against edgeX+0.001%60s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.564% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 2 days (all we have)+0.008%+$1 · spread now +0.001%, 7d avg +0.008%

Together, before fees−0.041%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% a year). A funding rate is set anew for every payment. 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	edgeX JPMUSDC	351.73	−0.0585	get 0.0292% / 4h	3h 06m	$36K	$171K	10x
Short	Binance JPMUSDT	351.74	0	get 0.0000% / 8h	7h 06m	$924K	$487K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.001%Rate

Funding earned: $122.76
Price spread: +0.001% → +0.008%: −$0.72
Slippage, 4 orders: −$37.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $65.64
Costs to cover: 0.564%
Break-even: 3.3 days

Slippage from edgeX: live order book, 65 min ago; Binance: live order book, 26 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 edgeX live order book, 65 min ago	6.11 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 26 min ago	1.00 bp	12.4 bp −$12	56.2 bp −$562	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 JPMUSDClong	−0.0585%	4h	351.73	long leg	$36K	$171K	10x
Injective JPM/USDC PERP	−0.0220%	1h	348.28	−0.982%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0029%	8h	351.89	+0.045%	—	$25K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	351.63	−0.029%	$3K	$437	20x	as long as short
Binance JPMUSDTshort	0.0000%	8h	351.74	+0.001%	$924K	$487K	20x
Bybit JPMUSDT	0.0000%	8h	351.92	+0.053%	$153K	$5.8M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	351.93	+0.056%	$734K	$266K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.20	+0.133%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.73	0.000%	$117K	$5K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	351.83	+0.028%	$5K	$84K	10x	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	351.82	+0.025%	$711	$896K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.80	+0.019%	$7K	$38K	20x	as long as short
QFEX JPM-USD	+0.0010%	1h	351.72	−0.004%	$1.1M	$3.0M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.74	+0.002%	$155K	$772K	20x	as long as short