Funding arb · Price arb /

JPM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0955%/8h= +104.6% APRpaid last 24h +0.079%

Price spread now: edgeX against QFEX+0.011%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.131%−$13 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.011%, 7d avg −0.006%

Together, before fees−0.175%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.131% in total (about -13.9% 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	QFEX JPM-USD	352.21	0.0010	pay 0.0001% / 1h	53m 23s	$1.1M	$3.1M	10x
Short	edgeX JPMUSDC	352.25	0.0965	get 0.0483% / 4h	3h 53m	$36K	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $200.56
Price spread: +0.011% → −0.006%: $1.71
Slippage, 4 orders: −$74.19
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $109.08
Costs to cover: 0.932%
Break-even: 3.2 days

Slippage from QFEX: live order book, 9 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 QFEX live order book, 9 min ago	27.12 bp	32.4 bp −$32	39.9 bp −$399	doesn't fit	doesn't fit
Sell edgeX live order book, 18 min ago	6.11 bp	14.0 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
Injective JPM/USDC PERP	−0.0220%	1h	348.58	−1.031%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	351.79	−0.118%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.45	+0.069%	$929K	$482K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.54	+0.094%	$153K	$6.6M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.38	+0.048%	$737K	$263K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.02	−0.054%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.27	+0.016%	$117K	$5K	—	as long as short
SunX JPM-USDT	0.0000%	8h	352.35	+0.040%	—	$901K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	352.12	−0.026%	$7K	$38K	20x	as long as short
QFEX JPM-USDlong	+0.0010%	1h	352.21	long leg	$1.1M	$3.1M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JPM-USDT	+0.0028%	8h	352.36	+0.043%	$89K	$25K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.30	+0.026%	$155K	$752K	20x	as long as short
GRVT JPM_USDT_Perp	+0.0600%	8h	352.17	−0.013%	$5K	$84K	10x	as long as short
edgeX JPMUSDCshort	+0.0965%	4h	352.25	+0.011%	$36K	$171K	10x