Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0681%/8h= +74.6% APRpaid last 24h −0.015%

Price spread now: Bitget against edgeX+0.041%7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$920.916% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.041%, 7d avg −0.078%

Together, before fees−0.162%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bitget is 0.119% dearer against edgeX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.078%. Mind the row above: over the last 7 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% 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	351.92	−0.0681	get 0.0341% / 4h	2h 55m	$36K	$171K	10x
Short	Bitget JPMUSDT	352.07	0	get 0.0000% / 8h	2h 55m	$205K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: $143.09
Price spread: +0.041% → −0.078%: $11.93
Slippage, 4 orders: −$70.63
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $63.39
Costs to cover: 0.916%
Break-even: 3.9 days

Slippage from edgeX: live order book, 56 min ago; Bitget: live order book, 49 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, 56 min ago	6.11 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 49 min ago	16.48 bp	29.5 bp −$30	45.0 bp −$450	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	−0.0681%	4h	351.92	long leg	$36K	$171K	10x
Injective JPM/USDC PERP	−0.0220%	1h	348.46	−0.984%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.17	+0.071%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.00	+0.021%	$933K	$493K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.20	+0.078%	$153K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.05	+0.036%	$731K	$222K	25x	as long as short
Bitget JPMUSDTshort	0.0000%	8h	352.07	+0.041%	$205K	$11K	20x
Variational Omni JPM	0.0000%	8h	351.92	0.000%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.05	+0.035%	$5K	$80K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.75	−0.050%	$1K	$852K	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	351.74	−0.052%	$7K	$38K	20x	as long as short
QFEX JPM-USD	+0.0003%	1h	351.98	+0.016%	$1.1M	$2.6M	10x	as long as short
BloFin JPM-USDT	+0.0029%	8h	351.99	+0.019%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.20	+0.078%	$156K	$905K	20x	as long as short