Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX+0.067%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.081%−$8 · spread now +0.067%, 7d avg −0.005%

Together, before fees−0.114%−$11 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: Bitget is 0.072% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2976	0.0100	pay 0.0050% / 4h	2h 18m	—	$21.0M	—
Short	Bitget JUPUSDT	0.2978	0.0100	get 0.0050% / 4h	2h 18m	$5.7M	$8.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → −0.005%: $7.25
Slippage, 4 orders: −$19.75
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.5
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 4 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 BingX live order book, 4 min ago	1.68 bp	6.7 bp −$7	10.2 bp −$102	26.1 bp −$2,606	147.2 bp −$73.6K
Sell Bitget live order book, 4 min ago	5.04 bp	14.1 bp −$14	19.8 bp −$198	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	−0.5000%	1h	0.2978	+0.067%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0861% / S +0.0323%	1h	0.2976	+0.014%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0077%	4h	0.2974	−0.060%	$16.3M	$24.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2977	+0.020%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2982	+0.198%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2978	+0.056%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2977	+0.050%	$604K	$624K	20x	as long as short
Gate JUP_USDT	+0.0022%	4h	0.2975	−0.034%	$740K	$1.9M	75x	as long as short
dYdX JUP-USD	+0.0030%	1h	0.2980	+0.129%	$39K	$36K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2975	−0.038%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0064%	1h	0.2977	+0.040%	$26K	$19K	5x	as long as short
BloFin JUP-USDT	+0.0082%	4h	0.2979	+0.101%	$858K	$335K	50x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2975	−0.020%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2979	+0.094%	$869K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2978	+0.067%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2975	−0.034%	$599K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2980	+0.124%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2979	+0.095%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2976	+0.008%	$284K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2976	0.000%	$16.5M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2975	−0.034%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2975	−0.034%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2979	+0.101%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2978	+0.067%	$5.7M	$8.5M	75x
BingX JUP-USDTlong	+0.0100%	4h	0.2976	long leg	—	$21.0M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2977	+0.027%	$986K	$265K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2979	+0.112%	$729K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.215%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	+0.101%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	+0.239%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2970	−0.202%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2982	+0.202%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.202%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2975	−0.035%	$41K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.454%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2975	−0.044%	$2.2M	$539K	25x	as long as short