Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Gate against Injective+1.019%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$34 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 1.019% dearer against Injective than usual: you sell high and buy low: +$102 more if the spread 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	Injective JPM/USDC PERP	348.49	−0.0220	get 0.0028% / 1h	56m 42s	$7K	$45K	12x
Short	Gate JPM_USDT	352.04	0	get 0.0000% / 8h	3h 56m	$731K	$225K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now +1.019%Rate

Funding earned: $46.2
Price spread: +1.019% → 0.000%: $101.87
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $133.05
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 60 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 60 min ago	5.68 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit

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 PERPlong	−0.0220%	1h	348.49	long leg	$7K	$45K	12x
Aster JPMUSDT	0.0000%	8h	352.05	+1.021%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.00	+1.007%	$928K	$485K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.32	+1.099%	$154K	$1.1M	25x	as long as short
Gate JPM_USDTshort	0.0000%	8h	352.04	+1.019%	$731K	$225K	25x
Bitget JPMUSDT	0.0000%	8h	352.17	+1.056%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.96	+0.996%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.06	+1.023%	$5K	$82K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.95	+0.993%	$1K	$857K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.81	+0.953%	$7K	$38K	20x	as long as short

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	+0.996%	$1.1M	$2.7M	10x	as long as short
BloFin JPM-USDT	+0.0024%	8h	352.06	+1.024%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.77	+0.941%	$155K	$886K	20x	as long as short
edgeX JPMUSDC	+0.0525%	4h	351.97	+0.997%	$36K	$171K	10x	as long as short