Funding arb · Price arb /

JASMY

all JASMY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0333%/8h= −36.5% APRpaid last 24h −0.062%

Price spread now: Gate against Kraken Futures−0.757%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$291as in the Price arb table

costs, in and out, $10k−$2262.262% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.351%+$35 on $10k

Price spread, last 3 days (all we have)+0.549%+$55 · spread now −0.757%, 7d avg −0.110%

Together, before fees+0.900%+$90 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.646% cheaper against Kraken Futures than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of −0.110%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.351%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JASMYUSD	0.004394	0.0433	pay 0.0054% / 1h	30m 39s	$248K	$236K	20x
Short	Gate JASMY_USDT	0.004361	0.0100	get 0.0100% / 8h	3h 30m	$388K	$188K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Kraken FuturesbpFee GatebpOrdersPrice spread, now −0.757%Rate

Funding earned: −$70.01
Price spread: −0.757% → −0.110%: −$64.65
Slippage, 4 orders: −$201.23
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$360.89
Costs to cover: 2.262%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 17 min ago; Gate: live order book, 15 min ago.

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 Kraken Futures live order book, 17 min ago	5.75 bp	55.7 bp −$56	225.5 bp −$2,255	39495.1 bp −$3.95M	doesn't fit
Sell Gate live order book, 15 min ago	5.76 bp	47.3 bp −$47	484.1 bp −$4,841	doesn't fit	doesn't fit

JASMY 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
Coinbase International JASMY-PERP-INTX	−0.0480%	1h	0.004333	−1.394%	$17K	$16K	25x	as long as short
KuCoin JASMYUSDTM	−0.0117%	8h	0.004378	−0.370%	$3.4M	$2.4M	50x	as long as short
Aster JASMYUSDT	+0.0100%	8h	0.004385	−0.200%	$7K	$16K	5x	as long as short
Binance JASMYUSDT	+0.0100%	8h	0.004379	−0.338%	$3.5M	$5.1M	75x	as long as short
Bybit JASMYUSDT	+0.0100%	8h	0.004363	−0.711%	$3.9M	$2.3M	75x	as long as short
Gate JASMY_USDTshort	+0.0100%	8h	0.004361	−0.757%	$388K	$188K	75x
MEXC JASMY_USDT	+0.0100%	8h	0.004366	−0.643%	$9.7M	$2.7M	200x	as long as short
Bitget JASMYUSDT	+0.0100%	8h	0.004366	−0.643%	$1.7M	$567K	50x	as long as short
BingX JASMY-USDT	+0.0100%	8h	0.004365	−0.666%	—	$4.8M	—	as long as short
Variational Omni JASMY	+0.0100%	8h	0.004370	−0.551%	$134K	$16K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended JASMY-USD	+0.0104%	1h	0.004367	−0.613%	$31K	$169K	10x	as long as short
BloFin JASMY-USDT	+0.0220%	8h	0.004389	−0.120%	$236K	$195K	75x	as long as short
Kraken Futures PF_JASMYUSDlong	+0.0433%	1h	0.004394	long leg	$248K	$236K	20x
Deribit JASMY_USDC-PERPETUAL	+0.0890%	1h	0.004391	−0.074%	—	—	10x	as long as short