JPM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Binance against KuCoin+0.088%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,142as in the Price arb table

costs, in and out, $10k−$1,14911.486% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 2 days (all we have)−0.102%−$10 · spread now +0.088%, 7d avg +0.024%

Together, before fees−0.265%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.064% dearer against KuCoin than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.024%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JPMUSDTM	351.74	0.0100	pay 0.0100% / 8h	3h 47m	$156K	$887K	20x
Short	Binance JPMUSDT	352.05	0	get 0.0000% / 8h	3h 47m	$929K	$486K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.088%Rate

Funding earned: −$21
Price spread: +0.088% → +0.024%: $6.4
Slippage, 4 orders: −$1,126.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,163.22
Costs to cover: 11.486%
Break-even: never at this rate

Slippage from KuCoin: live order book, 42 min ago; Binance: live order book, 75 min ago.

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 KuCoin live order book, 42 min ago	20.32 bp	1042.5 bp −$1,043	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 75 min ago	0.14 bp	11.5 bp −$11	54.3 bp −$543	doesn't fit	doesn't fit

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
edgeX JPMUSDC	−0.0222%	4h	351.96	+0.063%	$36K	$172K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.49	−0.924%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0001%	8h	352.01	+0.077%	$89K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.07	+0.095%	$3K	$437	20x	as long as short
Binance JPMUSDTshort	0.0000%	8h	352.05	+0.088%	$929K	$486K	20x
Bybit JPMUSDT	0.0000%	8h	352.37	+0.179%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.07	+0.094%	$731K	$225K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.07	+0.094%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.00	+0.075%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.05	+0.087%	$5K	$82K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX JPM-USDT	0.0000%	8h	351.91	+0.048%	$1K	$856K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.82	+0.023%	$7K	$38K	20x	as long as short
QFEX JPM-USD	0.0000%	1h	351.97	+0.065%	$1.1M	$2.7M	10x	as long as short
KuCoin JPMUSDTMlong	+0.0100%	8h	351.74	long leg	$156K	$887K	20x