Funding arb · Price arb /

JASMY

all JASMY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0342%/8h= −37.5% APRpaid last 24h −0.071%

Price spread now: Binance against Kraken Futures−0.161%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1811.813% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 3 days (all we have)+0.285%+$28 · spread now −0.161%, 7d avg −0.042%

Together, before fees+0.541%+$54 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 Binance is 0.119% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.256%, 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	0.004414	0.0442	pay 0.0055% / 1h	15m 15s	$251K	$216K	20x
Short	Binance JASMYUSDT	0.004407	0.0100	get 0.0100% / 8h	6h 15m	$3.4M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.161%Rate

Funding earned: −$71.9
Price spread: −0.161% → −0.042%: −$11.85
Slippage, 4 orders: −$161.35
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$265.1
Costs to cover: 1.813%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 52 min ago; Binance: live order book, 8 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, 52 min ago	42.51 bp	75.6 bp −$76	177.6 bp −$1,776	39119.8 bp −$3.91M	doesn't fit
Sell Binance live order book, 8 min ago	2.26 bp	22.6 bp −$23	66.1 bp −$661	doesn't fit	doesn't fit

JASMY 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
Coinbase International JASMY-PERP-INTX	−0.0544%	1h	0.004409	−0.115%	$16K	$20K	25x	as long as short
Aster JASMYUSDT	+0.0100%	8h	0.004411	−0.081%	$7K	$19K	5x	as long as short
Binance JASMYUSDTshort	+0.0100%	8h	0.004407	−0.161%	$3.4M	$5.4M	75x
Bybit JASMYUSDT	+0.0100%	8h	0.004402	−0.274%	$3.9M	$2.2M	75x	as long as short
Gate JASMY_USDT	+0.0100%	8h	0.004403	−0.251%	$450K	$291K	75x	as long as short
MEXC JASMY_USDT	+0.0100%	8h	0.004406	−0.183%	$10.0M	$2.9M	200x	as long as short
KuCoin JASMYUSDTM	+0.0100%	8h	0.004404	−0.229%	$3.4M	$2.6M	50x	as long as short
Bitget JASMYUSDT	+0.0100%	8h	0.004407	−0.161%	$1.7M	$583K	50x	as long as short
BingX JASMY-USDT	+0.0100%	8h	0.004406	−0.183%	—	$7.9M	—	as long as short
Variational Omni JASMY	+0.0100%	8h	0.004402	−0.281%	$125K	$34K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended JASMY-USD	+0.0104%	1h	0.004406	−0.187%	$2K	$199K	10x	as long as short
Kraken Futures PF_JASMYUSDlong	+0.0442%	1h	0.004414	long leg	$251K	$216K	20x
Deribit JASMY_USDC-PERPETUAL	+0.1339%	1h	0.004413	−0.025%	—	—	10x	as long as short