Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0679%/8h= +74.4% APRpaid last 24h −0.098%

Price spread now: Gate against edgeX−0.007%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$317as in the Funding arb table

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$3043.040% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$13 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.007%, 7d avg 0.000%

Together, before fees−0.074%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.135%, 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 -0.135% in total (about -7.0% 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	352.05	−0.0679	get 0.0340% / 4h	45m 09s	$36K	$172K	10x
Short	Gate JPM_USDT	352.03	0	get 0.0000% / 8h	4h 45m	$731K	$232K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.007%Rate

Funding earned: $142.68
Price spread: −0.007% → 0.000%: −$0.72
Slippage, 4 orders: −$280
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$162.04
Costs to cover: 3.040%
Break-even: 14.9 days

Slippage from edgeX: live order book, 11 min ago; Gate: live order book, 11 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, 11 min ago	5.26 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 11 min ago	5.68 bp	15.6 bp −$16	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 JPMUSDClong	−0.0679%	4h	352.05	long leg	$36K	$172K	10x
Injective JPM/USDC PERP	−0.0220%	1h	348.41	−1.035%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.17	+0.032%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.12	+0.019%	$929K	$488K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.15	+0.027%	$154K	$1.1M	25x	as long as short
Gate JPM_USDTshort	0.0000%	8h	352.03	−0.007%	$731K	$232K	25x
Bitget JPMUSDT	0.0000%	8h	352.15	+0.027%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.06	+0.001%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.17	+0.034%	$5K	$84K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.12	+0.019%	$1K	$859K	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	351.90	−0.044%	$7K	$38K	20x	as long as short
QFEX JPM-USD	+0.0007%	1h	352.08	+0.007%	$1.1M	$2.8M	10x	as long as short
BloFin JPM-USDT	+0.0014%	8h	352.16	+0.030%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.97	−0.024%	$155K	$873K	20x	as long as short