JPM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0944%/8h= +103.4% APRnext payment +$9.44 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Gate+0.003%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,609as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,630as in the Price arb table

costs, in and out, $10k−$1,62816.277% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.003%, 7d avg +0.030%

Together, before fees+0.220%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.027% cheaper against Gate than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.030%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.189% in total) that is about 24 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.189% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JPM_USDT	351.98	−0.0844	get 0.0844% / 8h	7h 44m	$724K	$195K	25x
Short	KuCoin JPMUSDTM	351.99	0.0100	get 0.0100% / 8h	7h 44m	$155K	$958K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $198.24
Price spread: +0.003% → +0.030%: −$2.69
Slippage, 4 orders: −$1,600.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,432.19
Costs to cover: 16.277%
Break-even: 57.6 days

Slippage from Gate: live order book, 52 min ago; KuCoin: live order book, 20 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, 52 min ago	4.54 bp	265.0 bp −$265	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	18.74 bp	184.8 bp −$185	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	−0.0844%	8h	351.98	long leg	$724K	$195K	25x
Injective JPM/USDC PERP	−0.0220%	1h	348.50	−0.989%	$7K	$34K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.41	+0.121%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	351.78	−0.057%	$934K	$500K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	351.93	−0.014%	$153K	$1.1M	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.93	−0.014%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.95	−0.008%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.33	+0.100%	$5K	$79K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.54	−0.125%	$1K	$789K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.82	−0.045%	$7K	$39K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JPM-USDT	+0.0016%	8h	351.99	+0.003%	$90K	$27K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	351.39	−0.168%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTMshort	+0.0100%	8h	351.99	+0.003%	$155K	$958K	20x
edgeX JPMUSDC	+0.0770%	4h	352.27	+0.082%	$36K	$172K	10x	as long as short