Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.004%

Price spread now: Aster against QFEX+0.025%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.025% dearer against QFEX than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX JPM-USD	351.71	0.0010	pay 0.0001% / 1h	10m 30s	$1.1M	$3.0M	10x
Short	Aster JPMUSDT	351.80	0	get 0.0000% / 8h	7h 10m	$3K	$437	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$2.12
Price spread: +0.025% → 0.000%: $2.46
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.66
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; Aster: no order-book sample. 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 QFEX live order book, 2 min ago	1.28 bp	6.8 bp −$7	16.1 bp −$161	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
edgeX JPMUSDC	−0.0938%	4h	351.83	+0.035%	$36K	$172K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.38	−0.947%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0027%	8h	351.81	+0.028%	—	$25K	20x	as long as short
Aster JPMUSDTshort	0.0000%	8h	351.80	+0.025%	$3K	$437	20x
Binance JPMUSDT	0.0000%	8h	351.79	+0.024%	$924K	$487K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	351.92	+0.060%	$152K	$5.8M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	351.89	+0.051%	$734K	$266K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.64	−0.020%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.73	+0.006%	$117K	$5K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	351.92	+0.060%	$5K	$83K	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	351.82	+0.031%	$711	$896K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.67	−0.011%	$7K	$38K	20x	as long as short
QFEX JPM-USDlong	+0.0010%	1h	351.71	long leg	$1.1M	$3.0M	10x
KuCoin JPMUSDTM	+0.0100%	8h	351.84	+0.037%	$155K	$771K	20x	as long as short