Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0755%/8h= −82.6% APRpaid last 24h −0.008%

Price spread now: BloFin against edgeX−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and BloFin is 0.079% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% 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	352.27	0.0770	pay 0.0385% / 4h	3h 44m	$36K	$172K	10x
Short	BloFin JPM-USDT	351.99	0.0016	get 0.0016% / 8h	7h 44m	$90K	$27K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$158.47
Price spread: −0.079% → 0.000%: −$7.89
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$187.35
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 52 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 edgeX live order book, 52 min ago	5.68 bp	13.1 bp −$13	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	−0.0844%	8h	351.98	−0.082%	$724K	$195K	25x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.50	−1.070%	$7K	$34K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.30	+0.010%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	351.74	−0.151%	$934K	$500K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	351.89	−0.107%	$153K	$1.1M	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.88	−0.110%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.95	−0.090%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.33	+0.018%	$5K	$79K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.87	−0.113%	$1K	$788K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.82	−0.127%	$7K	$39K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JPM-USDTshort	+0.0016%	8h	351.99	−0.079%	$90K	$27K	20x
QFEX JPM-USD	+0.0019%	1h	351.39	−0.249%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.01	−0.073%	$156K	$959K	20x	as long as short
edgeX JPMUSDClong	+0.0770%	4h	352.27	long leg	$36K	$172K	10x