Funding arb · Price arb /

JPM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Injective against HTX−0.947%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 0.947% cheaper against HTX than usual: you would sell low and buy high (−$95 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	HTX JPM-USDT	351.77	0	get 0.0000% / 8h	5h 36m	$7K	$38K	20x
Short	Injective JPM/USDC PERP	348.44	−0.0220	pay 0.0028% / 1h	36m 21s	$7K	$45K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now −0.947%Rate

Funding earned: −$46.2
Price spread: −0.947% → 0.000%: −$94.66
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$152.88
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: 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 HTX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

HTX 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	348.44	−0.947%	$7K	$45K	12x
BloFin JPM-USDT	−0.0013%	8h	351.96	+0.054%	$90K	$26K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	351.99	+0.063%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	351.86	+0.025%	$926K	$487K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.08	+0.088%	$153K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	351.96	+0.054%	$731K	$249K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.81	+0.011%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.91	+0.039%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.00	+0.064%	$5K	$84K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.83	+0.017%	$1K	$870K	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-USDTlong	0.0000%	8h	351.77	long leg	$7K	$38K	20x
QFEX JPM-USD	+0.0016%	1h	351.92	+0.043%	$1.1M	$2.9M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.02	+0.071%	$155K	$848K	20x	as long as short
edgeX JPMUSDC	+0.0202%	4h	351.91	+0.040%	$36K	$171K	10x	as long as short