JPM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin−0.023%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,469as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,453as in the Price arb table

costs, in and out, $10k−$1,44814.482% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.023%, 7d avg +0.023%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JPMUSDTM	351.67	0.0100	pay 0.0100% / 8h	7h 25m	$155K	$966K	20x
Short	Bybit JPMUSDT	351.59	0	get 0.0000% / 8h	7h 25m	$153K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$21
Price spread: −0.023% → +0.023%: −$4.53
Slippage, 4 orders: −$1,425.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,473.7
Costs to cover: 14.482%
Break-even: never at this rate

Slippage from KuCoin: live order book, 39 min ago; Bybit: live order book, 5 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, 39 min ago	18.74 bp	1159.1 bp −$1,159	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.56 bp	58.2 bp −$58	doesn't fit	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
Gate JPM_USDT	−0.1356%	8h	351.79	+0.034%	$724K	$196K	25x	as long as short
GRVT JPM_USDT_Perp	−0.0745%	8h	351.61	−0.017%	$5K	$80K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.04	−1.032%	$7K	$34K	12x	as long as short
BloFin JPM-USDT	−0.0021%	8h	351.48	−0.054%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.81	+0.325%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	351.49	−0.051%	$932K	$493K	20x	as long as short
Bybit JPMUSDTshort	0.0000%	8h	351.59	−0.023%	$153K	$1.1M	25x
Bitget JPMUSDT	0.0000%	8h	351.93	+0.074%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.49	−0.051%	$119K	$7K	—	as long as short
SunX JPM-USDT	0.0000%	8h	351.38	−0.082%	$1K	$798K	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-USDT	0.0000%	8h	351.25	−0.119%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	351.18	−0.139%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTMlong	+0.0100%	8h	351.67	long leg	$155K	$966K	20x
edgeX JPMUSDC	+0.0884%	4h	351.52	−0.042%	$36K	$172K	10x	as long as short