Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0235%/8h= −25.7% APRpaid last 24h +0.738%

Price spread now: dYdX against BloFin−0.054%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.054% cheaper against BloFin than usual: you would sell low and buy high (−$5 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	BloFin JUP-USDT	0.2951	0.0340	pay 0.0170% / 4h	1h 41m	$841K	$370K	50x
Short	dYdX JUP-USD	0.2949	0.0105	get 0.0013% / 1h	41m 13s	$39K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$49.34
Price spread: −0.054% → 0.000%: −$5.36
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$76.7
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 1 min ago; dYdX: 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 BloFin live order book, 1 min ago	3.40 bp	16.3 bp −$16	28.4 bp −$284	154.5 bp −$15.5K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.2904	−1.593%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2950	−0.034%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2946	−0.178%	$281K	$147K	10x	as long as short
Bybit JUPUSDT	0.0000%	4h	0.2946	−0.183%	$15.8M	$19.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2949	−0.078%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2949	−0.060%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0003%	1h	0.2953	+0.054%	$980K	$231K	10x	as long as short
OKX JUP-USDT-SWAP	+0.0030%	4h	0.2947	−0.136%	$4.1M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2949	−0.068%	—	—	20x	as long as short
Variational Omni JUP	+0.0076%	4h	0.2933	−0.593%	$715K	$698K	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2950	−0.027%	$780K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2945	−0.210%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.059%	$597K	$511K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.051%	$18.7M	$10.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2950	−0.048%	$114K	$298K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	−0.107%	$16.3M	$43.5M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.419%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2946	−0.169%	$736K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	−0.102%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2948	−0.102%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	−0.068%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2947	−0.136%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	−0.055%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	−0.169%	$157K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2952	+0.017%	$93K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	−0.102%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	−0.271%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	−0.034%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2945	−0.186%	$40K	—	3x	as long as short
dYdX JUP-USDshort	+0.0105%	1h	0.2949	−0.054%	$39K	$27K	5x
01 Exchange JUPUSD	+0.0176%	1h	0.2950	−0.041%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2948	−0.088%	$589K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2950	−0.030%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2937	−0.481%	$97K	$329K	10x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2951	long leg	$841K	$370K	50x
Extended JUP-USD	+0.0352%	1h	0.2946	−0.179%	$2.2M	$492K	25x	as long as short