Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +1.353%

Price spread now: dYdX against Binance+0.226%7-day average — · you sell dearer than you buy

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

Long on Binance Short on dYdX

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—needs both histories

The price spread pays, funding is against you. dYdX is 0.226% dearer against Binance than usual: you sell high and buy low (spread +0.226% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JUPUSDT	0.2968	0.0100	pay 0.0050% / 4h	2h 58m	$16.5M	$56.6M	75x
Short	dYdX JUP-USD	0.2975	0	get 0.0000% / 1h	58m 18s	$39K	$38K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.226%Rate

Funding earned: −$21
Price spread: +0.226% → 0.000%: $22.6
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$18.4
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 14 min ago; dYdX: no order-book sample. 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 Binance live order book, 14 min ago	1.68 bp	11.6 bp −$12	27.8 bp −$278	282.7 bp −$28.3K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.3011	+1.439%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0692% / S +0.0241%	1h	0.2972	+0.109%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0349%	4h	0.2968	−0.027%	$16.3M	$24.2M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0218%	1h	0.2976	+0.273%	$987K	$274K	10x	as long as short
01 Exchange JUPUSD	−0.0208%	1h	0.2970	+0.074%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0187%	1h	0.2970	+0.071%	$57K	$13K	10x	as long as short
Gate JUP_USDT	−0.0004%	4h	0.2970	+0.058%	$741K	$1.9M	75x	as long as short
dYdX JUP-USDshort	0.0000%	1h	0.2975	+0.226%	$39K	$38K	5x
Phoenix JUP	0.0000%	1h	0.2983	+0.479%	$95K	$395K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	+0.132%	$17K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2971	+0.077%	$602K	$624K	20x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	+0.009%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0079%	4h	0.2974	+0.192%	$869K	$332K	50x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2972	+0.122%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.098%	$914K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	+0.091%	$31K	$51K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2976	+0.266%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2972	+0.124%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2972	+0.141%	$283K	$184K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2968	long leg	$16.5M	$56.6M	75x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2968	−0.010%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2970	+0.058%	$8.0M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2974	+0.192%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.043%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2969	+0.024%	—	$21.5M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2979	+0.345%	$728K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2980	+0.394%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2980	+0.394%	$158K	$320K	50x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2969	+0.024%	$598K	$675K	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2976	+0.263%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.111%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2974	+0.192%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2978	+0.324%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2968	−0.005%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2967	−0.038%	$2.2M	$543K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.654%	$74K	$95K	50x	as long as short