Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0214%/8h= +23.5% APRpaid last 24h −0.025%

Price spread now: GRVT against edgeX+0.035%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

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

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GRVT is 0.035% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% 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	−0.0214	get 0.0107% / 4h	2h 52m	$36K	$171K	10x
Short	GRVT JPM_USDT_Perp	352.05	0	get 0.0000% / 8h	2h 52m	$5K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.035%Rate

Funding earned: $45.01
Price spread: +0.035% → 0.000%: $3.46
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $30.47
Costs to cover: 0.180%
Break-even: 2.3 days

Slippage unknown: edgeX: live order book, 59 min ago; GRVT: 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, 59 min ago	6.11 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell GRVT no order-book sample	—	—	—	—	—

GRVT: 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
Injective JPM/USDC PERP	−0.0220%	1h	348.46	−0.985%	$7K	$45K	12x	as long as short
edgeX JPMUSDClong	−0.0214%	4h	351.92	long leg	$36K	$171K	10x
BloFin JPM-USDT	−0.0001%	8h	351.99	+0.019%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.11	+0.053%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.00	+0.021%	$933K	$488K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.19	+0.075%	$153K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.03	+0.030%	$731K	$222K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.07	+0.041%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.92	0.000%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perpshort	0.0000%	8h	352.05	+0.035%	$5K	$80K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX JPM-USDT	0.0000%	8h	351.75	−0.050%	$1K	$852K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.74	−0.053%	$7K	$38K	20x	as long as short
QFEX JPM-USD	+0.0003%	1h	351.94	+0.004%	$1.1M	$2.6M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.07	+0.041%	$155K	$908K	20x	as long as short