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: Aster against Variational Omni−0.085%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.085% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JPM	351.97	0	get 0.0000% / 8h	6h 29m	$117K	$5K	—
Short	Aster JPMUSDT	351.67	0	get 0.0000% / 8h	6h 29m	$3K	$437	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → 0.000%: −$8.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.5
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 39 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 Variational Omni RFQ quote, 39 min ago	2.62 bp	doesn't fit	97.9 bp −$979	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 13 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	348.44	−1.002%	$7K	$45K	12x	as long as short
Aster JPMUSDTshort	0.0000%	8h	351.67	−0.085%	$3K	$437	20x
Binance JPMUSDT	0.0000%	8h	351.92	−0.012%	$924K	$484K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.12	+0.044%	$153K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	351.93	−0.010%	$731K	$262K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.05	+0.024%	$205K	$11K	20x	as long as short
Variational Omni JPMlong	0.0000%	8h	351.97	long leg	$117K	$5K	—
GRVT JPM_USDT_Perp	0.0000%	8h	352.06	+0.026%	$5K	$84K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.04	+0.021%	$834	$876K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.71	−0.073%	$7K	$38K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX JPM-USD	+0.0017%	1h	351.82	−0.041%	$1.1M	$2.9M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.65	−0.090%	$155K	$804K	20x	as long as short
edgeX JPMUSDC	+0.0542%	4h	351.99	+0.006%	$36K	$172K	10x	as long as short