Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.001%

Price spread now: BloFin against Bulk+0.307%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.307% dearer against Bulk than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk JUP-USD	0.2936	0.0100	pay 0.0013% / 1h	30m 52s	$61K	$8K	10x
Short	BloFin JUP-USDT	0.2945	0.0340	get 0.0170% / 4h	30m 52s	$837K	$383K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bulk. 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 BulkbpFee BloFinbpOrdersPrice spread, now +0.307%Rate

Funding earned: $50.4
Price spread: +0.307% → 0.000%: $30.65
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $62.05
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; BloFin: live order book, 6 min ago. 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 Bulk no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	3.41 bp	9.5 bp −$10	23.9 bp −$239	82.9 bp −$8,290	doesn't fit

Bulk: 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	−0.4661%	1h	0.2907	−0.988%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2945	+0.301%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2961	+0.840%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2945	+0.313%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2945	+0.298%	—	—	150x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2960	+0.833%	$39K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	+0.256%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2946	+0.350%	$590K	$487K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	+0.392%	$778K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	+0.871%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2943	+0.255%	$592K	$497K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2949	+0.443%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2948	+0.419%	$109K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	+0.392%	$16.3M	$41.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2946	+0.341%	$15.8M	$18.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2950	+0.477%	$4.0M	$11.8M	50x	as long as short
Bulk JUP-USDlong	+0.0100%	1h	0.2936	long leg	$61K	$8K	10x
Gate JUP_USDT	+0.0100%	4h	0.2946	+0.341%	$730K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	+0.409%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2946	+0.341%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	+0.443%	$5.8M	$5.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2949	+0.443%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2946	+0.334%	$977K	$237K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2941	+0.170%	$718K	$643K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	+0.075%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	+0.272%	$156K	$253K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2945	+0.320%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2945	+0.307%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	+0.307%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.477%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	+0.290%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2946	+0.354%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.620%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2959	+0.766%	$97K	$304K	10x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2945	+0.307%	$837K	$383K	50x
Extended JUP-USD	+0.0456%	1h	0.2949	+0.433%	$2.2M	$502K	25x	as long as short