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 +0.010%

Price spread now: Bitget against GRVT−0.060%103s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.060% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 103 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	GRVT JPM_USDT_Perp	352.40	0	get 0.0000% / 8h	7h 59m	$5K	$81K	10x
Short	Bitget JPMUSDT	352.19	0	get 0.0000% / 8h	7h 59m	$205K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → 0.000%: −$6.03
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.03
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: no order-book sample; Bitget: live order book, 30 min ago. Net counts fees only.

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 GRVT no order-book sample	—	—	—	—	—
Sell Bitget live order book, 30 min ago	11.93 bp	40.1 bp −$40	77.2 bp −$772	doesn't fit	doesn't fit

GRVT: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	348.86	−1.005%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.14	−0.075%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.24	−0.047%	$941K	$485K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.45	+0.014%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.28	−0.035%	$725K	$199K	25x	as long as short
Bitget JPMUSDTshort	0.0000%	8h	352.19	−0.060%	$205K	$11K	20x
Variational Omni JPM	0.0000%	8h	352.28	−0.035%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perplong	0.0000%	8h	352.40	long leg	$5K	$81K	10x
SunX JPM-USDT	0.0000%	8h	352.21	−0.055%	$1K	$781K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	352.16	−0.069%	$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	+0.0011%	8h	352.43	+0.008%	$90K	$27K	20x	as long as short
QFEX JPM-USD	+0.0014%	1h	352.23	−0.049%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.18	−0.063%	$156K	$956K	20x	as long as short
edgeX JPMUSDC	+0.0796%	4h	352.34	−0.017%	$36K	$172K	10x	as long as short