Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0673%/8h= −73.7% APRpaid last 24h −0.085%

Price spread now: GMX against BingX+0.121%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.121% dearer against BingX than usual: you sell high and buy low (spread +0.121% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.3002	0.0100	pay 0.0050% / 4h	3h 21m	—	$20.9M	—
Short	GMX JUP/USD [WBTC.b-USDC]	0.3006	L −0.0210% / S +0.0573%	pay 0.0072% / 1h	21m 09s	$17K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$141.39
Price spread: +0.121% → 0.000%: $12.09
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$151.3
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; GMX: 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, 2 min ago	3.33 bp	8.3 bp −$8	12.5 bp −$125	25.4 bp −$2,542	108.2 bp −$54.1K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.4634%	1h	0.2976	−0.866%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3003	+0.028%	$286K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]short	L −0.0210% / S +0.0573%	1h	0.3006	+0.121%	$17K	—	100x
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3006	+0.138%	$605K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0083%	1h	0.3005	+0.093%	$55K	$16K	10x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.2999	−0.083%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0017%	4h	0.3003	+0.033%	$4.1M	$15.8M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3005	+0.112%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0028%	1h	0.3005	+0.113%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3003	+0.018%	—	—	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	+0.0076%	8h	0.3001	−0.029%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3007	+0.157%	$754K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3005	+0.100%	$31K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3001	−0.033%	$622K	$628K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3008	+0.202%	$19.3M	$11.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3007	+0.160%	$116K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3003	+0.033%	$16.5M	$49.2M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3003	+0.033%	$16.5M	$20.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3007	+0.174%	$63K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3003	+0.033%	$751K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3004	+0.067%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3004	+0.067%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3004	+0.067%	$5.9M	$6.8M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.3002	long leg	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3005	+0.087%	$994K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3002	0.000%	$727K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3018	+0.533%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3011	+0.300%	$160K	$309K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3008	+0.193%	$95K	$112K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2998	−0.133%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3010	+0.266%	$2.9M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3003	+0.019%	$2.2M	$493K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3021	+0.627%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3016	+0.456%	$98K	$469K	10x	as long as short
BloFin JUP-USDT	+0.0247%	4h	0.3005	+0.100%	$848K	$349K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3008	+0.197%	$75K	$60K	50x	as long as short