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 0.000%

Price spread now: Variational Omni against HTX+0.043%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: 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: Variational Omni is 0.043% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JPM-USDT	351.81	0	get 0.0000% / 8h	3h 56m	$7K	$38K	20x
Short	Variational Omni JPM	351.96	0	get 0.0000% / 8h	3h 56m	$119K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → 0.000%: $4.26
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.74
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Variational Omni: RFQ quote, 63 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 HTX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 63 min ago	2.93 bp	doesn't fit	98.1 bp −$981	doesn't fit	doesn't fit

HTX: 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	348.49	−0.944%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.03	+0.064%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.03	+0.063%	$929K	$486K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.31	+0.142%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.04	+0.065%	$731K	$225K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.17	+0.102%	$205K	$11K	20x	as long as short
Variational Omni JPMshort	0.0000%	8h	351.96	+0.043%	$119K	$7K	—
GRVT JPM_USDT_Perp	0.0000%	8h	352.06	+0.070%	$5K	$82K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.95	+0.040%	$1K	$857K	10x	as long as short
HTX JPM-USDTlong	0.0000%	8h	351.81	long leg	$7K	$38K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX JPM-USD	0.0000%	1h	351.96	+0.043%	$1.1M	$2.7M	10x	as long as short
BloFin JPM-USDT	+0.0024%	8h	352.06	+0.071%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.75	−0.017%	$155K	$886K	20x	as long as short
edgeX JPMUSDC	+0.0525%	4h	351.97	+0.044%	$36K	$171K	10x	as long as short