Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h −0.081%

Price spread now: Injective against edgeX−2.408%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.446%−$45 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

Funding pays, the price is against you. Injective is 2.408% cheaper against edgeX than usual: you would sell low and buy high (spread −2.408% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$241 on $10k: about 23 days of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.446%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX JPMUSDC	352.25	−0.0564	get 0.0282% / 4h	2h 12m	$36K	$172K	10x
Short	Injective JPM/USDC PERP	343.77	−0.0220	pay 0.0028% / 1h	12m 55s	$7K	$45K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −2.408%Rate

Funding earned: $72.3
Price spread: −2.408% → 0.000%: −$240.76
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$177.48
Costs to cover: 0.090%
Break-even: 24.2 days

Slippage unknown: edgeX: live order book, 34 min ago; Injective: 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, 34 min ago	5.26 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
edgeX JPMUSDClong	−0.0564%	4h	352.25	long leg	$36K	$172K	10x
Injective JPM/USDC PERPshort	−0.0220%	1h	343.77	−2.408%	$7K	$45K	12x
Aster JPMUSDT	0.0000%	8h	352.37	+0.035%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.35	+0.028%	$938K	$495K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.53	+0.079%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.40	+0.042%	$727K	$229K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.22	−0.009%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.25	−0.001%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.37	+0.033%	$5K	$82K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.29	+0.011%	$1K	$844K	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	352.08	−0.049%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0003%	1h	352.16	−0.026%	$1.1M	$2.6M	10x	as long as short
BloFin JPM-USDT	+0.0005%	8h	352.37	+0.034%	$89K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.16	−0.026%	$157K	$930K	20x	as long as short