Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX−0.005%7-day average +0.028% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.005%, 7d avg +0.028%

Together, before fees−0.037%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.033% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX JPM-USDT	351.95	0	get 0.0000% / 8h	3h 55m	$1K	$857K	10x
Short	Variational Omni JPM	351.93	0	get 0.0000% / 8h	3h 55m	$119K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → +0.028%: −$3.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.28
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 27 min ago; Variational Omni: RFQ quote, 64 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, 27 min ago	500.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 64 min ago	2.93 bp	doesn't fit	98.1 bp −$981	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
edgeX JPMUSDC	−0.0752%	4h	351.97	+0.007%	$36K	$171K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.49	−0.983%	$7K	$45K	12x	as long as short
BloFin JPM-USDT	−0.0005%	8h	352.09	+0.040%	$90K	$27K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.07	+0.033%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.01	+0.018%	$929K	$486K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.33	+0.108%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.04	+0.026%	$731K	$225K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.17	+0.063%	$205K	$11K	20x	as long as short
Variational Omni JPMshort	0.0000%	8h	351.93	−0.005%	$119K	$7K	—
GRVT JPM_USDT_Perp	0.0000%	8h	352.06	+0.032%	$5K	$82K	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-USDTlong	0.0000%	8h	351.95	long leg	$1K	$857K	10x
HTX JPM-USDT	0.0000%	8h	351.74	−0.060%	$7K	$38K	20x	as long as short
QFEX JPM-USD	0.0000%	1h	351.95	0.000%	$1.1M	$2.7M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.91	−0.011%	$155K	$886K	20x	as long as short