Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.073%

Price spread now: Extended against Binance−0.005%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs+$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.784%+$78 on $10k

Price spread, last 7 days+0.173%+$17 · spread now −0.005%, 7d avg +0.046%

Together, before fees+0.957%+ Points / potential airdropExtended: Active · farm board+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.051% cheaper against Binance than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.046%). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.784% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JUPUSDT	0.2969	0.0100	pay 0.0050% / 4h	12m 09s	$16.3M	$52.1M	75x
Short	Extended JUP-USD	0.2968	0.0176	get 0.0022% / 1h	12m 09s	$2.2M	$507K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.005%Rate

Funding earned: $15.96
Price spread: −0.005% → +0.046%: −$5.09
Slippage, 4 orders: −$26.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.07
Costs to cover: 0.419%
Break-even: 20.6 days

Slippage from Binance: live order book, 15 min ago; Extended: live order book, 2 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, 15 min ago	1.68 bp	11.9 bp −$12	28.3 bp −$283	290.8 bp −$29.1K	doesn't fit
Sell Extended live order book, 2 min ago	5.05 bp	10.7 bp −$11	doesn't fit	doesn't fit	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	−0.4371%	1h	0.2938	−1.030%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2972	+0.112%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2970	+0.058%	$599K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2971	+0.075%	$283K	$165K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0120%	1h	0.2972	+0.105%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0064%	4h	0.2966	−0.087%	$16.2M	$22.1M	50x	as long as short
01 Exchange JUPUSD	−0.0024%	1h	0.2969	+0.021%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	+0.114%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0040%	4h	0.2967	−0.053%	$739K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	+0.008%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0057%	4h	0.2969	+0.016%	$719K	$828K	—	as long as short
dYdX JUP-USD	+0.0058%	1h	0.2972	+0.100%	$39K	$33K	5x	as long as short
OKX JUP-USDT-SWAP	+0.0066%	4h	0.2966	−0.087%	$4.0M	$16.1M	50x	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2970	+0.041%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.085%	$794K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	+0.081%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2969	+0.022%	$614K	$650K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2976	+0.253%	$19.1M	$13.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2971	+0.094%	$115K	$357K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2969	long leg	$16.3M	$52.1M	75x
Bulk JUP-USD	+0.0100%	1h	0.2975	+0.220%	$62K	$10K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	+0.014%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2971	+0.081%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2970	+0.048%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2970	+0.048%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2969	+0.011%	$982K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2973	+0.133%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2970	+0.048%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2978	+0.304%	$94K	$121K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.154%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2973	+0.149%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2969	−0.003%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0143%	4h	0.2969	+0.014%	$846K	$304K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2971	+0.091%	$97K	$479K	10x	as long as short
Extended JUP-USDshort	+0.0176%	1h	0.2968	−0.005%	$2.2M	$507K	25x
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.317%	$74K	$91K	50x	as long as short