JPM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0944%/8h= −103.4% APRnext payment −$9.44 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against KuCoin−0.003%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,647as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,625as in the Price arb table

costs, in and out, $10k−$1,62816.277% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.003%, 7d avg −0.030%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.027% dearer against KuCoin than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.189% in total) that is about 24 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.189% in total (about -9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.44 per $10,000. 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	351.99	0.0100	pay 0.0100% / 8h	7h 44m	$155K	$958K	20x
Short	Gate JPM_USDT	351.98	−0.0844	pay 0.0844% / 8h	7h 44m	$724K	$195K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.003%Rate

Funding earned: −$198.24
Price spread: −0.003% → −0.030%: $2.69
Slippage, 4 orders: −$1,600.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,823.28
Costs to cover: 16.277%
Break-even: never at this rate

Slippage from KuCoin: live order book, 20 min ago; Gate: live order book, 52 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, 20 min ago	18.74 bp	1159.1 bp −$1,159	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 52 min ago	4.54 bp	18.9 bp −$19	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_USDTshort	−0.0844%	8h	351.98	−0.003%	$724K	$195K	25x
Injective JPM/USDC PERP	−0.0220%	1h	348.50	−0.992%	$7K	$34K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.41	+0.118%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	351.78	−0.059%	$934K	$500K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	351.93	−0.017%	$153K	$1.1M	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.93	−0.017%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.95	−0.011%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.33	+0.097%	$5K	$79K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.54	−0.128%	$1K	$789K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.82	−0.048%	$7K	$39K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JPM-USDT	+0.0016%	8h	351.99	0.000%	$90K	$27K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	351.39	−0.170%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTMlong	+0.0100%	8h	351.99	long leg	$155K	$958K	20x
edgeX JPMUSDC	+0.0770%	4h	352.27	+0.079%	$36K	$172K	10x	as long as short