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: Bitget against Gate+0.040%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$336as in the Funding arb table

Net, price: spread back to 7d avg − costs−$322as in the Price arb table

costs, in and out, $10k−$3343.336% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.040%, 7d avg −0.081%

Together, before fees−0.185%−$18 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: Bitget is 0.121% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JPM_USDT	352.03	0	get 0.0000% / 8h	4h 02m	$731K	$234K	25x
Short	Bitget JPMUSDT	352.17	0	get 0.0000% / 8h	4h 02m	$205K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.081%: $12.07
Slippage, 4 orders: −$306.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$321.57
Costs to cover: 3.336%
Break-even: never at this rate

Slippage from Gate: live order book, 54 min ago; Bitget: live order book, 47 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, 54 min ago	5.68 bp	261.2 bp −$261	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 47 min ago	16.19 bp	24.3 bp −$24	165.2 bp −$1,652	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
Injective JPM/USDC PERP	−0.0220%	1h	346.99	−1.432%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0008%	8h	351.98	−0.014%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.06	+0.009%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.03	0.000%	$929K	$486K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.27	+0.068%	$154K	$1.1M	25x	as long as short
Gate JPM_USDTlong	0.0000%	8h	352.03	long leg	$731K	$234K	25x
Bitget JPMUSDTshort	0.0000%	8h	352.17	+0.040%	$205K	$11K	20x
Variational Omni JPM	0.0000%	8h	351.96	−0.020%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.06	+0.009%	$5K	$82K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.95	−0.023%	$1K	$858K	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	351.78	−0.071%	$7K	$38K	20x	as long as short
QFEX JPM-USD	+0.0007%	1h	351.92	−0.031%	$1.1M	$2.7M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.89	−0.040%	$155K	$885K	20x	as long as short
edgeX JPMUSDC	+0.0954%	4h	351.96	−0.019%	$36K	$172K	10x	as long as short