Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: GRVT against Aevo+0.114%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: 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: GRVT is 0.114% dearer against Aevo than usual: you sell high and buy low, +$11 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	Aevo JUP-PERP	0.2933	0.0104	pay 0.0013% / 1h	50m 52s	$40K	—	3x
Short	GRVT JUP_USDT_Perp	0.2936	0.0100	get 0.0050% / 4h	1h 50m	$1.6M	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aevo. 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 AevobpFee GRVTbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$0.84
Price spread: +0.114% → 0.000%: $11.45
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$14.39
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 3 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 Aevo no order-book sample	—	—	—	—	—
Sell GRVT live order book, 3 min ago	1.70 bp	28.4 bp −$28	119.8 bp −$1,198	doesn't fit	doesn't fit

Aevo: 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.

JUP on 36 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 JUP/USDC PERP	−0.5000%	1h	0.2911	−0.739%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2935	+0.091%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2930	−0.102%	$279K	$143K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2934	+0.049%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2935	+0.079%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2934	+0.054%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2933	+0.012%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	+0.158%	$761K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2931	−0.072%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2933	+0.011%	$575K	$494K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2938	+0.188%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2935	+0.089%	$107K	$282K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2935	+0.089%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2933	+0.011%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2936	+0.113%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2934	+0.045%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2932	−0.023%	$711K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	+0.045%	$6.8M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2934	+0.045%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2935	+0.079%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2933	+0.011%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2936	+0.120%	$971K	$233K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2932	−0.023%	$711K	$625K	—	as long as short
GRVT JUP_USDT_Perpshort	+0.0100%	4h	0.2936	+0.114%	$1.6M	$4.0M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2935	+0.079%	$162K	$256K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	+0.113%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2934	+0.045%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2926	−0.228%	$110K	$44K	20x	as long as short
Aevo JUP-PERPlong	+0.0104%	1h	0.2933	long leg	$40K	—	3x
01 Exchange JUPUSD	+0.0112%	1h	0.2931	−0.050%	$26K	$8K	5x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2934	+0.052%	$2.2M	$570K	25x	as long as short
Phoenix JUP	+0.0244%	1h	0.2936	+0.106%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2936	+0.113%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2935	+0.079%	$831K	$379K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2936	+0.113%	$579K	$462K	20x	as long as short
Phemex JUPUSDT	+0.0568%	4h	0.2939	+0.216%	$2.9M	$3.1M	50x	as long as short