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: Bybit against Gate+0.014%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1241.238% of the position

Long on Gate Short on Bybit

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)+0.093%+$9 · spread now +0.014%, 7d avg +0.055%

Together, before fees+0.072%+$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: Bybit is 0.041% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JPM_USDT	352.43	0	get 0.0000% / 8h	2h 22m	$727K	$227K	25x
Short	Bybit JPMUSDT	352.48	0	get 0.0000% / 8h	2h 22m	$154K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.055%: −$4.05
Slippage, 4 orders: −$97.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$127.88
Costs to cover: 1.238%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; Bybit: live order book, 4 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, 24 min ago	2.98 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.55 bp	46.2 bp −$46	doesn't fit	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	348.50	−1.115%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0002%	8h	352.43	0.000%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.42	−0.002%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.37	−0.018%	$939K	$500K	20x	as long as short
Bybit JPMUSDTshort	0.0000%	8h	352.48	+0.014%	$154K	$1.1M	25x
Gate JPM_USDTlong	0.0000%	8h	352.43	long leg	$727K	$227K	25x
Bitget JPMUSDT	0.0000%	8h	352.21	−0.062%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.39	−0.012%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.36	−0.021%	$6K	$82K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.40	−0.009%	$888	$859K	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	352.37	−0.017%	$6K	$39K	20x	as long as short
QFEX JPM-USD	+0.0003%	1h	352.15	−0.079%	$1.1M	$2.6M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.20	−0.065%	$157K	$919K	20x	as long as short
edgeX JPMUSDC	+0.0381%	4h	352.38	−0.015%	$36K	$171K	10x	as long as short