Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.048%

Price spread now: Deribit against Bitget−0.091%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.091% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JUPUSDT	0.2956	0.0100	pay 0.0050% / 4h	2h 50m	$5.7M	$6.7M	75x
Short	Deribit JUP_USDC-PERPETUAL	0.2953	0	get 0.0000% / 1h	50m 57s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$21
Price spread: −0.091% → 0.000%: −$9.13
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$49.13
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.39 bp	12.1 bp −$12	29.5 bp −$295	doesn't fit	doesn't fit
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	−0.4347%	1h	0.2904	−1.759%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2952	−0.120%	$281K	$147K	10x	as long as short
Bybit JUPUSDT	−0.0274%	4h	0.2953	−0.101%	$15.9M	$20.7M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2954	−0.084%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0090%	4h	0.2957	+0.034%	$4.0M	$15.0M	50x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.2954	−0.051%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2955	−0.049%	$594K	$524K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2955	−0.040%	$39K	$31K	5x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2953	−0.091%	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	−0.090%	—	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack JUP_USDC_PERP	+0.0009%	1h	0.2954	−0.068%	$978K	$235K	10x	as long as short
Gate JUP_USDT	+0.0024%	4h	0.2952	−0.135%	$742K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.185%	—	—	20x	as long as short
Variational Omni JUP	+0.0060%	4h	0.2949	−0.252%	$715K	$768K	—	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2951	−0.162%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	+0.020%	$782K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	−0.101%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	−0.169%	$606K	$611K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2957	+0.017%	$18.9M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	−0.028%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	−0.023%	$16.3M	$47.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2971	+0.507%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2955	−0.034%	$7.5M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	0.000%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.2956	long leg	$5.7M	$6.7M	75x
BingX JUP-USDT	+0.0100%	4h	0.2954	−0.068%	—	$20.9M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.176%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	−0.203%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	+0.051%	$93K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	−0.203%	$111K	$55K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2954	−0.073%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2950	−0.203%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2941	−0.494%	$96K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2955	−0.027%	$74K	$58K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2954	−0.068%	$851K	$379K	50x	as long as short
Phemex JUPUSDT	+0.0589%	4h	0.2958	+0.068%	$2.9M	$3.6M	50x	as long as short