Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Variational Omni−0.037%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 HTX

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.037% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 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	351.95	0	get 0.0000% / 8h	7h 44m	$120K	$7K	—
Short	HTX JPM-USDT	351.82	0	get 0.0000% / 8h	7h 44m	$7K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → 0.000%: −$3.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.75
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 55 min ago; HTX: 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, 55 min ago	2.63 bp	doesn't fit	106.1 bp −$1,061	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Gate JPM_USDT	−0.0844%	8h	351.98	+0.008%	$724K	$195K	25x	as long as short
Injective JPM/USDC PERP	−0.0220%	1h	348.50	−0.981%	$7K	$34K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.41	+0.129%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	351.78	−0.049%	$934K	$500K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	351.93	−0.006%	$153K	$1.1M	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.93	−0.006%	$205K	$11K	20x	as long as short
Variational Omni JPMlong	0.0000%	8h	351.95	long leg	$120K	$7K	—
GRVT JPM_USDT_Perp	0.0000%	8h	352.33	+0.108%	$5K	$79K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	351.54	−0.117%	$1K	$789K	10x	as long as short
HTX JPM-USDTshort	0.0000%	8h	351.82	−0.037%	$7K	$39K	20x

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	+0.011%	$90K	$27K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	351.39	−0.160%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.99	+0.011%	$155K	$958K	20x	as long as short
edgeX JPMUSDC	+0.0770%	4h	352.27	+0.090%	$36K	$172K	10x	as long as short