Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate−0.003%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$730.726% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 2 days (all we have)+0.045%+$4 · spread now −0.003%, 7d avg +0.019%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.022% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JPM_USDT	352.34	0	get 0.0000% / 8h	2h 18m	$727K	$228K	25x
Short	Binance JPMUSDT	352.33	0	get 0.0000% / 8h	2h 18m	$938K	$500K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.019%: −$2.22
Slippage, 4 orders: −$47.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.78
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from Gate: live order book, 28 min ago; Binance: live order book, 14 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 Gate live order book, 28 min ago	2.98 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.85 bp	10.7 bp −$11	48.0 bp −$480	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 JPMUSDC	−0.0912%	4h	352.29	−0.015%	$36K	$172K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.50	−1.090%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0020%	8h	352.28	−0.017%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.40	+0.018%	$3K	$437	20x	as long as short
Binance JPMUSDTshort	0.0000%	8h	352.33	−0.003%	$938K	$500K	20x
Bybit JPMUSDT	0.0000%	8h	352.52	+0.051%	$154K	$1.1M	25x	as long as short
Gate JPM_USDTlong	0.0000%	8h	352.34	long leg	$727K	$228K	25x
Bitget JPMUSDT	0.0000%	8h	352.21	−0.037%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.28	−0.016%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.37	+0.009%	$5K	$82K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX JPM-USDT	0.0000%	8h	352.29	−0.014%	$909	$859K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	352.34	0.000%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0003%	1h	352.19	−0.043%	$1.1M	$2.6M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.34	0.000%	$157K	$922K	20x	as long as short