Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: BingX against Bybit+0.027%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.027%, 7d avg +0.009%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2983	0.0100	pay 0.0050% / 4h	3h 44m	$16.3M	$21.4M	50x
Short	BingX JUP-USDT	0.2984	0.0100	get 0.0050% / 4h	3h 44m	—	$20.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.009%: $1.75
Slippage, 4 orders: −$27.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$46.29
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 4 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, 4 min ago	1.67 bp	12.5 bp −$12	41.2 bp −$412	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	5.02 bp	11.0 bp −$11	14.9 bp −$149	26.6 bp −$2,656	58.7 bp −$29.4K

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	0.2959	−0.811%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2987	+0.114%	$285K	$150K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2986	+0.091%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2990	+0.217%	$602K	$542K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2989	+0.178%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2987	+0.125%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0011%	4h	0.2983	−0.007%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.2988	+0.168%	$26K	$19K	5x	as long as short
dYdX JUP-USD	+0.0032%	1h	0.2990	+0.226%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2983	−0.022%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0076%	4h	0.2985	+0.062%	$723K	$776K	—	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2986	+0.108%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2989	+0.181%	$752K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2989	+0.194%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2985	+0.077%	$619K	$639K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2989	+0.188%	$19.2M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2987	+0.137%	$115K	$340K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2985	+0.055%	$16.4M	$50.9M	75x	as long as short
Bybit JUPUSDTlong	+0.0100%	4h	0.2983	long leg	$16.3M	$21.4M	50x
Bulk JUP-USD	+0.0100%	1h	0.2987	+0.133%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2987	+0.127%	$754K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2985	+0.060%	$8.1M	$7.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2988	+0.161%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2988	+0.161%	$5.8M	$7.2M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2984	+0.027%	—	$20.7M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2990	+0.238%	$990K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2992	+0.305%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2991	+0.261%	$159K	$312K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2990	+0.228%	$94K	$117K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2978	−0.174%	$112K	$57K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2991	+0.261%	$2.9M	$3.8M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2987	+0.111%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2984	+0.031%	$2.2M	$492K	25x	as long as short
BloFin JUP-USDT	+0.0116%	4h	0.2987	+0.127%	$846K	$310K	50x	as long as short
Phoenix JUP	+0.0214%	1h	0.2991	+0.261%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2996	+0.436%	$75K	$88K	50x	as long as short