Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.038%

Price spread now: Deribit against BingX+0.067%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

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. Deribit is 0.067% dearer against BingX than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2972	0.0100	pay 0.0050% / 4h	2h 13m	—	$21.0M	—
Short	Deribit JUP_USDC-PERPETUAL	0.2974	−0.0086	pay 0.0011% / 1h	13m 51s	$56K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$39.09
Price spread: +0.067% → 0.000%: $6.73
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$49.36
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 min ago; Deribit: 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 BingX live order book, 10 min ago	1.68 bp	6.7 bp −$7	10.2 bp −$102	26.1 bp −$2,606	147.2 bp −$73.6K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	0.2978	+0.202%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0880% / S +0.0330%	1h	0.2973	+0.040%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0136%	4h	0.2970	−0.067%	$16.3M	$24.0M	50x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0086%	1h	0.2974	+0.067%	$56K	$14K	10x
Phoenix JUP	0.0000%	1h	0.2979	+0.239%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2974	+0.055%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0002%	4h	0.2969	−0.101%	$739K	$2.0M	75x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2974	+0.054%	$603K	$624K	20x	as long as short
dYdX JUP-USD	+0.0026%	1h	0.2975	+0.096%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2970	−0.071%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2970	−0.065%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0092%	8h	0.2970	−0.059%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2976	+0.121%	$860K	$1.3M	10x	as long as short
BloFin JUP-USDT	+0.0100%	4h	0.2975	+0.101%	$859K	$334K	50x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2973	+0.034%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2970	−0.059%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2978	+0.191%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2975	+0.107%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2971	−0.038%	$283K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2973	+0.019%	$16.4M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2973	+0.034%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2974	+0.067%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2975	+0.101%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2973	+0.034%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2972	long leg	—	$21.0M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2973	+0.047%	$984K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	−0.021%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2979	+0.220%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2978	+0.202%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2979	+0.229%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.269%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.168%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.336%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2972	−0.017%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2972	−0.006%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.589%	$74K	$95K	50x	as long as short