Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0770%/8h= +84.3% APRpaid last 24h +0.012%

Price spread now: edgeX against SunX+0.113%7-day average +0.019% · you sell dearer than you buy

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

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)−0.278%−$28 · spread now +0.113%, 7d avg +0.019%

Together, before fees−0.126%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.094% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% 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	SunX JPM-USDT	351.87	0	get 0.0000% / 8h	7h 44m	$1K	$788K	10x
Short	edgeX JPMUSDC	352.27	0.0770	get 0.0385% / 4h	3h 44m	$36K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $161.75
Price spread: +0.113% → +0.019%: $9.36
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $154.12
Costs to cover: 0.170%
Break-even: 0.3 days

Slippage unknown: SunX: live order book, 67 min ago; edgeX: live order book, 52 min ago. 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 SunX live order book, 67 min ago	500.13 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 52 min ago	5.68 bp	13.2 bp −$13	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	−0.0873%	8h	352.13	+0.074%	$725K	$195K	25x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.50	−0.958%	$7K	$34K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.39	+0.148%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	351.92	+0.013%	$934K	$496K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.00	+0.037%	$153K	$1.1M	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.95	+0.023%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	351.95	+0.023%	$120K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.33	+0.131%	$5K	$79K	10x	as long as short
SunX JPM-USDTlong	0.0000%	8h	351.87	long leg	$1K	$788K	10x
HTX JPM-USDT	0.0000%	8h	351.82	−0.014%	$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	+0.034%	$90K	$27K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	352.22	+0.099%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.04	+0.048%	$156K	$959K	20x	as long as short
edgeX JPMUSDCshort	+0.0770%	4h	352.27	+0.113%	$36K	$172K	10x