Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.095%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$500.501% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 7 days+0.095%+$9 · spread now −0.095%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.071% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance JUPUSDT | 0.2958 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $16.3M | $56.0M | 75x |
| Short | Bybit JUPUSDT | 0.2955 | 0.0043 | get 0.0022% / 4h | 1h 40m | $16.2M | $23.8M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.93
- Price spread: −0.095% → −0.024%
- −$7.1
- Slippage, 4 orders
- −$29.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$69.17
- Costs to cover
- 0.501%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; 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 Binance live order book, 16 min ago | 1.69 bp | 9.9 bp −$10 | 29.2 bp −$292 | 303.3 bp −$30.3K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.69 bp | 14.6 bp −$15 | 37.9 bp −$379 | 385.9 bp −$38.6K | doesn't fit |
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 | −0.3508% | 1h | 0.2918 | −1.352% | $3K | $206K | 5.5x | as long as short |
| GMX JUP/USD [WBTC.b-USDC] | L −0.0537% / S +0.0372% | 1h | 0.2958 | −0.013% | $15K | — | 100x | as long as short |
| Pacifica JUP | −0.0335% | 1h | 0.2958 | +0.003% | $282K | $173K | 10x | as long as short |
| Kraken Futures PF_JUPUSD | −0.0176% | 1h | 0.2957 | −0.037% | $599K | $619K | 20x | as long as short |
| Deribit JUP_USDC-PERPETUAL | −0.0122% | 1h | 0.2956 | −0.061% | $56K | $14K | 10x | as long as short |
| 01 Exchange JUPUSD | −0.0096% | 1h | 0.2959 | +0.027% | $26K | $19K | 5x | as long as short |
| gTrade (Gains Network) JUP/USD | L +0.0002% / S −0.0001% | 1h | 0.2958 | −0.001% | $17K | — | 150x | as long as short |
| Gate JUP_USDT | +0.0010% | 4h | 0.2956 | −0.068% | $737K | $1.9M | 75x | as long as short |
| Bybit JUPUSDTshort | +0.0043% | 4h | 0.2955 | −0.095% | $16.2M | $23.8M | 50x | |
| Reya JUPRUSDPERP | +0.0057% | 1h | 0.2955 | −0.102% | — | — | 20x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex JUP-USD-PERP | +0.0067% | 8h | 0.2957 | −0.024% | $9K | $15K | 10x | as long as short |
| dYdX JUP-USD | +0.0079% | 1h | 0.2958 | −0.012% | $39K | $35K | 5x | as long as short |
| BloFin JUP-USDT | +0.0092% | 4h | 0.2956 | −0.068% | $849K | $329K | 50x | as long as short |
| Lighter JUP | +0.0096% | 1h | 0.2958 | −0.014% | $793K | $1.3M | 10x | as long as short |
| Nado JUP-PERP | +0.0100% | 1h | 0.2957 | −0.025% | $613K | $673K | 10x | as long as short |
| Hyperliquid JUP | +0.0100% | 1h | 0.2961 | +0.091% | $19.0M | $14.0M | 10x | as long as short |
| Aster JUPUSDT | +0.0100% | 4h | 0.2959 | +0.039% | $106K | $367K | 10x | as long as short |
| Binance JUPUSDTlong | +0.0100% | 4h | 0.2958 | long leg | $16.3M | $56.0M | 75x | |
| OKX JUP-USDT-SWAP | +0.0100% | 4h | 0.2956 | −0.068% | $4.1M | $16.6M | 50x | as long as short |
| MEXC JUP_USDT | +0.0100% | 4h | 0.2955 | −0.101% | $7.9M | $8.0M | 200x | as long as short |
| KuCoin JUPUSDTM | +0.0100% | 4h | 0.2959 | +0.034% | $4.3M | $7.2M | 50x | as long as short |
| Bitget JUPUSDT | +0.0100% | 4h | 0.2957 | −0.034% | $5.6M | $8.4M | 75x | as long as short |
| BingX JUP-USDT | +0.0100% | 4h | 0.2956 | −0.068% | — | $20.9M | — | as long as short |
| Backpack JUP_USDC_PERP | +0.0100% | 1h | 0.2957 | −0.041% | $978K | $260K | 10x | as long as short |
| Variational Omni JUP | +0.0100% | 4h | 0.2947 | −0.364% | $713K | $1.1M | — | as long as short |
| GRVT JUP_USDT_Perp | +0.0100% | 4h | 0.2954 | −0.137% | $1.6M | $4.1M | 10x | as long as short |
| ApeX Omni JUPUSDT | +0.0100% | 1h | 0.2954 | −0.135% | $157K | $319K | 50x | as long as short |
| Polymarket Perps JUP-USD | +0.0100% | 1h | 0.2961 | +0.105% | $93K | $137K | 10x | as long as short |
| Orderly PERP_JUP_USDC | +0.0100% | 4h | 0.2957 | −0.034% | $31K | $51K | 10x | as long as short |
| HTX JUP-USDT | +0.0100% | 4h | 0.2950 | −0.270% | $111K | $69K | 20x | as long as short |
| Phemex JUPUSDT | +0.0100% | 4h | 0.2958 | 0.000% | $2.9M | $4.1M | 50x | as long as short |
| Bulk JUP-USD | +0.0100% | 1h | 0.2957 | −0.034% | $57K | $3K | 10x | as long as short |
| Extended JUP-USD | +0.0104% | 1h | 0.2955 | −0.112% | $2.2M | $540K | 25x | as long as short |
| Aevo JUP-PERP | +0.0104% | 1h | 0.2955 | −0.085% | $40K | — | 3x | as long as short |
| Phoenix JUP | +0.0190% | 1h | 0.2960 | +0.064% | $95K | $441K | 10x | as long as short |
| Coinbase International JUP-PERP-INTX | +0.0264% | 1h | 0.2989 | +1.065% | $74K | $94K | 50x | as long as short |
Binance JUPUSDT
Bybit JUPUSDT
Injective JUP/USDC PERP
GMX JUP/USD [WBTC.b-USDC]
Pacifica JUP
Kraken Futures PF_JUPUSD
Deribit JUP_USDC-PERPETUAL
01 Exchange JUPUSD
gTrade (Gains Network) JUP/USD
Gate JUP_USDT
Paradex JUP-USD-PERP
BloFin JUP-USDT
Lighter JUP
Hyperliquid JUP
Aster JUPUSDT
OKX JUP-USDT-SWAP
MEXC JUP_USDT
KuCoin JUPUSDTM
Bitget JUPUSDT
BingX JUP-USDT
Backpack JUP_USDC_PERP
Variational Omni JUP
GRVT JUP_USDT_Perp
ApeX Omni JUPUSDT
Polymarket Perps JUP-USD
HTX JUP-USDT
Phemex JUPUSDT
Bulk JUP-USD
Extended JUP-USD
Phoenix JUP
Coinbase International JUP-PERP-INTX