Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.056%

Price spread now: Injective against GRVT−1.017%7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.468%−$47 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 1.017% cheaper against GRVT than usual: you would sell low and buy high (−$102 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT JPM_USDT_Perp	352.44	0	get 0.0000% / 8h	40m 15s	$6K	$81K	10x
Short	Injective JPM/USDC PERP	348.86	−0.0220	pay 0.0028% / 1h	40m 15s	$7K	$45K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.017%Rate

Funding earned: −$46.2
Price spread: −1.017% → 0.000%: −$101.68
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$156.9
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—

GRVT and Injective: 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 PERPshort	−0.0220%	1h	348.86	−1.017%	$7K	$45K	12x
Aster JPMUSDT	0.0000%	8h	352.34	−0.028%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.44	−0.001%	$942K	$485K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.44	−0.001%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.43	−0.004%	$727K	$196K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.21	−0.066%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.38	−0.019%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perplong	0.0000%	8h	352.44	long leg	$6K	$81K	10x
SunX JPM-USDT	0.0000%	8h	352.30	−0.041%	$1K	$783K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	352.19	−0.072%	$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	+0.0007%	8h	352.43	−0.004%	$90K	$27K	20x	as long as short
QFEX JPM-USD	+0.0014%	1h	352.11	−0.095%	$1.1M	$2.5M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.18	−0.075%	$156K	$969K	20x	as long as short
edgeX JPMUSDC	+0.0541%	4h	352.38	−0.020%	$36K	$171K	10x	as long as short