Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0746%/8h= −81.6% APRpaid last 24h −0.015%

Price spread now: edgeX against KuCoin+0.078%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$751as in the Funding arb table

Net, price: spread back to 7d avg − costs−$730as in the Price arb table

costs, in and out, $10k−$7427.417% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.078%, 7d avg −0.039%

Together, before fees−0.253%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.116% dearer against KuCoin than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.039%): +$12 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.089% in total) that is about 9.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JPMUSDTM	352.21	0.0100	pay 0.0100% / 8h	1h 23m	$155K	$958K	20x
Short	edgeX JPMUSDC	352.48	−0.0646	pay 0.0323% / 4h	1h 23m	$36K	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$156.58
Price spread: +0.078% → −0.039%: $11.63
Slippage, 4 orders: −$720.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$886.7
Costs to cover: 7.417%
Break-even: never at this rate

Slippage from KuCoin: live order book, 56 min ago; edgeX: live order book, 18 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, 56 min ago	26.26 bp	552.7 bp −$553	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 18 min ago	5.25 bp	13.7 bp −$14	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
edgeX JPMUSDCshort	−0.0646%	4h	352.48	+0.078%	$36K	$171K	10x
Injective JPM/USDC PERP	−0.0220%	1h	347.62	−1.303%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0012%	8h	352.42	+0.060%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.47	+0.073%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.56	+0.099%	$941K	$489K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.52	+0.088%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.52	+0.088%	$727K	$204K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.23	+0.006%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.48	+0.078%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.55	+0.097%	$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	352.59	+0.108%	$1K	$809K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	352.29	+0.023%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0005%	1h	352.44	+0.065%	$1.1M	$2.5M	10x	as long as short
KuCoin JPMUSDTMlong	+0.0100%	8h	352.21	long leg	$155K	$958K	20x