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 −0.010%

Price spread now: GRVT against Variational Omni+0.025%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 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 · GRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.025% dearer against Variational Omni than usual: you sell high and buy low, +$2 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	352.28	0	get 0.0000% / 8h	2h 17m	$120K	$7K	—
Short	GRVT JPM_USDT_Perp	352.37	0	get 0.0000% / 8h	2h 17m	$5K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → 0.000%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$6.54
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; GRVT: 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, 32 min ago	3.22 bp	doesn't fit	94.5 bp −$945	doesn't fit	doesn't fit
Sell GRVT no order-book sample	—	—	—	—	—

GRVT: 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
edgeX JPMUSDC	−0.0912%	4h	352.29	+0.001%	$36K	$172K	10x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.50	−1.074%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.40	+0.034%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.32	+0.009%	$938K	$500K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.52	+0.067%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.34	+0.016%	$727K	$228K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.19	−0.026%	$205K	$11K	20x	as long as short
Variational Omni JPMlong	0.0000%	8h	352.28	long leg	$120K	$7K	—
GRVT JPM_USDT_Perpshort	0.0000%	8h	352.37	+0.025%	$5K	$82K	10x
SunX JPM-USDT	0.0000%	8h	352.29	+0.002%	$909	$859K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX JPM-USDT	0.0000%	8h	352.08	−0.058%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0003%	1h	352.16	−0.035%	$1.1M	$2.6M	10x	as long as short
BloFin JPM-USDT	+0.0021%	8h	352.28	−0.001%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.14	−0.041%	$158K	$925K	20x	as long as short