Funding arb · Price arb /

JST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%

Price spread now: Bybit against HTX−0.013%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1431.429% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.013%, 7d avg +0.019%

Together, before fees−0.128%−$13 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: Bybit is 0.032% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JST-USDT	0.1159	0.0100	pay 0.0050% / 4h	51m 34s	$1.0M	$49K	75x
Short	Bybit JSTUSDT	0.1159	0.0100	get 0.0100% / 8h	4h 51m	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.019%: −$3.21
Slippage, 4 orders: −$119.95
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$146.15
Costs to cover: 1.429%
Break-even: never at this rate

Slippage from HTX: live order book, just now; Bybit: live order book, 3 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 HTX live order book, just now	9.54 bp	29.8 bp −$30	105.8 bp −$1,058	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.16 bp	47.1 bp −$47	291.3 bp −$2,913	doesn't fit	doesn't fit

JST on 9 exchanges

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
BingX JST-USDT	+0.0036%	4h	0.1160	+0.072%	—	$2.4M	—	as long as short
Binance JSTUSDT	+0.0100%	4h	0.1160	+0.106%	$7.0M	$7.9M	75x	as long as short
Bybit JSTUSDTshort	+0.0100%	8h	0.1159	−0.013%	$1.9M	$1.3M	75x
Gate JST_USDT	+0.0100%	4h	0.1160	+0.054%	$168K	$72K	25x	as long as short
MEXC JST_USDT	+0.0100%	4h	0.1160	+0.106%	$2.0M	$514K	50x	as long as short
Bitget JSTUSDT	+0.0100%	4h	0.1161	+0.123%	$2.0M	$606K	75x	as long as short
Variational Omni JST	+0.0100%	8h	0.1159	−0.054%	$11K	$73K	—	as long as short
SunX JST-USDT	+0.0100%	4h	0.1159	−0.039%	$442K	$1.2M	20x	as long as short
HTX JST-USDTlong	+0.0100%	4h	0.1159	long leg	$1.0M	$49K	75x