Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0161%/8h= +17.7% APRpaid last 24h +0.012%

Price spread now: edgeX against Gate−0.069%52s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3103.102% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.069%, 7d avg −0.001%

Together, before fees+0.194%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.068% cheaper against Gate than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.001%). If the spread goes back, that is −$7 on $10k: about 34 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.130% in total) that is about 3.7 days. The two prices were read 52 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	Gate JPM_USDT	352.43	−0.0478	get 0.0478% / 8h	7h 52m	$725K	$194K	25x
Short	edgeX JPMUSDC	352.19	−0.0317	pay 0.0158% / 4h	3h 52m	$36K	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $33.89
Price spread: −0.069% → −0.001%: −$6.84
Slippage, 4 orders: −$286.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$283.13
Costs to cover: 3.102%
Break-even: 65.5 days

Slippage from Gate: live order book, 44 min ago; edgeX: live order book, 44 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, 44 min ago	4.54 bp	265.0 bp −$265	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 44 min ago	5.68 bp	13.2 bp −$13	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
Gate JPM_USDTlong	−0.0478%	8h	352.43	long leg	$725K	$194K	25x
edgeX JPMUSDCshort	−0.0317%	4h	352.19	−0.069%	$36K	$171K	10x
Injective JPM/USDC PERP	−0.0220%	1h	348.84	−1.019%	$7K	$34K	12x	as long as short
BloFin JPM-USDT	−0.0012%	8h	352.31	−0.034%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.36	−0.020%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.32	−0.031%	$941K	$485K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.33	−0.028%	$154K	$1.1M	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.03	−0.113%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.18	−0.070%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.28	−0.043%	$5K	$79K	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	352.16	−0.077%	$887	$783K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	352.06	−0.105%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	352.33	−0.028%	$1.2M	$2.4M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.31	−0.034%	$155K	$958K	20x	as long as short