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: SunX against Variational Omni+0.008%7-day average −0.028% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

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)+0.001%$0 · spread now +0.008%, 7d avg −0.028%

Together, before fees−0.002%+ Points / potential airdropVariational Omni: Active · farm board$0 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: SunX is 0.035% dearer against Variational Omni than usual: you sell high and buy low, +$4 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	Variational Omni JPM	352.50	0	get 0.0000% / 8h	1h 31m	$120K	$7K	—
Short	SunX JPM-USDT	352.53	0	get 0.0000% / 8h	1h 31m	$980	$809K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.028%: $3.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.45
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 12 min ago; SunX: live order book, 30 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 Variational Omni RFQ quote, 12 min ago	3.22 bp	doesn't fit	102.6 bp −$1,026	doesn't fit	doesn't fit
Sell SunX live order book, 30 min ago	500.08 bp	doesn't fit	doesn't fit	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
Injective JPM/USDC PERP	−0.0220%	1h	347.62	−1.385%	$7K	$45K	12x	as long as short
Aster JPMUSDT	0.0000%	8h	352.50	0.000%	$3K	$437	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.54	+0.009%	$941K	$489K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.52	+0.005%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.53	+0.008%	$727K	$203K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	352.40	−0.029%	$205K	$11K	20x	as long as short
Variational Omni JPMlong	0.0000%	8h	352.50	long leg	$120K	$7K	—
GRVT JPM_USDT_Perp	0.0000%	8h	352.55	+0.012%	$5K	$82K	10x	as long as short
SunX JPM-USDTshort	0.0000%	8h	352.53	+0.008%	$980	$809K	10x
HTX JPM-USDT	0.0000%	8h	352.30	−0.058%	$7K	$39K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JPM-USDT	+0.0003%	8h	352.41	−0.026%	$90K	$27K	20x	as long as short
QFEX JPM-USD	+0.0005%	1h	352.45	−0.015%	$1.1M	$2.5M	10x	as long as short
edgeX JPMUSDC	+0.0024%	4h	352.50	−0.002%	$36K	$172K	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.20	−0.086%	$155K	$955K	20x	as long as short