Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.098%

Price spread now: HTX against edgeX−0.051%77s7-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 HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. HTX is 0.051% cheaper against edgeX than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.3 days of funding at the current rate (+$1 a day). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX JPMUSDC	351.90	−0.0039	get 0.0020% / 4h	1h 30m	$36K	$172K	10x
Short	HTX JPM-USDT	351.72	0	get 0.0000% / 8h	5h 30m	$7K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $8.27
Price spread: −0.051% → 0.000%: −$5.12
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$17.85
Costs to cover: 0.210%
Break-even: 22.1 days

Slippage unknown: edgeX: live order book, 31 min ago; HTX: 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, 31 min ago	6.53 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	348.44	−0.983%	$7K	$45K	12x	as long as short
edgeX JPMUSDClong	−0.0039%	4h	351.90	long leg	$36K	$172K	10x
Aster JPMUSDT	0.0000%	8h	351.99	+0.026%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	351.97	+0.019%	$927K	$487K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.22	+0.091%	$153K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	351.96	+0.017%	$731K	$249K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.73	−0.048%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.90	+0.001%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.01	+0.031%	$5K	$84K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.87	−0.009%	$1K	$869K	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-USDTshort	0.0000%	8h	351.72	−0.051%	$7K	$38K	20x
QFEX JPM-USD	+0.0016%	1h	351.90	0.000%	$1.1M	$2.9M	10x	as long as short
BloFin JPM-USDT	+0.0028%	8h	351.96	+0.017%	$90K	$26K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.84	−0.017%	$155K	$850K	20x	as long as short