Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Injective against SunX−1.014%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.320%−$32 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 1.014% cheaper against SunX than usual: you would sell low and buy high (−$101 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX JPM-USDT	352.04	0	get 0.0000% / 8h	3h 02m	$1K	$853K	10x
Short	Injective JPM/USDC PERP	348.47	−0.0220	pay 0.0028% / 1h	2m 26s	$7K	$45K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.014%Rate

Funding earned: −$46.2
Price spread: −1.014% → 0.000%: −$101.41
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$155.63
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Injective: 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 SunX live order book, 10 min ago	500.14 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective JPM/USDC PERPshort	−0.0220%	1h	348.47	−1.014%	$7K	$45K	12x
Aster JPMUSDT	0.0000%	8h	352.26	+0.063%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.29	+0.072%	$932K	$490K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.58	+0.153%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.30	+0.074%	$732K	$228K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.13	+0.026%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.22	+0.052%	$119K	$7K	—	as long as short
GRVT JPM_USDT_Perp	0.0000%	8h	352.28	+0.068%	$5K	$80K	10x	as long as short
SunX JPM-USDTlong	0.0000%	8h	352.04	long leg	$1K	$853K	10x
HTX JPM-USDT	0.0000%	8h	352.06	+0.006%	$7K	$38K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX JPM-USD	0.0000%	1h	352.17	+0.037%	$1.1M	$2.6M	10x	as long as short
BloFin JPM-USDT	+0.0016%	8h	352.32	+0.080%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.10	+0.017%	$155K	$899K	20x	as long as short
edgeX JPMUSDC	+0.0921%	4h	352.22	+0.051%	$36K	$172K	10x	as long as short