Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Binance against Bybit+0.054%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.054%, 7d avg +0.027%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2947	0.0100	pay 0.0050% / 4h	2h 00m	$16.0M	$17.9M	50x
Short	Binance JUPUSDT	0.2949	0.0100	get 0.0050% / 4h	2h 00m	$16.2M	$39.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.027%: $2.73
Slippage, 4 orders: −$24.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.71
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 11 min ago.

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 Bybit live order book, 3 min ago	1.70 bp	14.0 bp −$14	43.4 bp −$434	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.70 bp	8.7 bp −$9	22.5 bp −$225	137.2 bp −$13.7K	doesn't fit

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	−0.4499%	1h	0.2905	−1.439%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.178%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2949	+0.042%	$281K	$143K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.159%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2948	+0.021%	$39K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	+0.173%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2953	+0.176%	$766K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2949	+0.069%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	+0.139%	$580K	$494K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2951	+0.120%	$18.2M	$9.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2949	+0.054%	$107K	$283K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2949	+0.054%	$16.2M	$39.9M	75x
Bybit JUPUSDTlong	+0.0100%	4h	0.2947	long leg	$16.0M	$17.9M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2949	+0.054%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.181%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2950	+0.088%	$723K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	+0.020%	$6.8M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	+0.088%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	+0.054%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	−0.047%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	+0.183%	$979K	$215K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2949	+0.053%	$715K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2952	+0.164%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	+0.190%	$163K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2952	+0.166%	$93K	$103K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	+0.190%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.081%	$111K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	+0.122%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2952	+0.149%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0216%	1h	0.2947	−0.010%	$2.2M	$570K	25x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0224%	1h	0.2954	+0.210%	$53K	$17K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0256%	1h	0.2954	+0.208%	$583K	$462K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	+0.119%	$98K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2953	+0.190%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2948	+0.020%	$825K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0586%	4h	0.2957	+0.326%	$2.9M	$3.1M	50x	as long as short