Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h 0.000%

Price spread now: Bulk against Bybit−0.068%55s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Bulk is 0.068% cheaper against Bybit than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 24 hours of funding at the current rate (+$7 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2956	−0.0121	get 0.0060% / 4h	1h 56m	$16.2M	$23.9M	50x
Short	Bulk JUP-USD	0.2954	0.0100	get 0.0013% / 1h	56m 48s	$57K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.068%Rate

Funding earned: $46.41
Price spread: −0.068% → 0.000%: −$6.77
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $21.64
Costs to cover: 0.180%
Break-even: 3.7 days

Slippage unknown: Bybit: live order book, 2 min ago; Bulk: 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 Bybit live order book, 2 min ago	1.70 bp	17.4 bp −$17	42.3 bp −$423	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

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	−0.3508%	1h	0.2922	−1.150%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0962% / S +0.0355%	1h	0.2954	−0.068%	$13K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2958	+0.063%	$282K	$177K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0325%	1h	0.2953	−0.091%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	−0.0312%	1h	0.2951	−0.183%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2953	−0.115%	$599K	$623K	20x	as long as short
Bybit JUPUSDTlong	−0.0121%	4h	0.2956	long leg	$16.2M	$23.9M	50x
Gate JUP_USDT	−0.0054%	4h	0.2950	−0.203%	$734K	$1.9M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2959	+0.091%	$39K	$35K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2956	+0.003%	$95K	$441K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2954	−0.081%	$17K	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0017%	1h	0.2954	−0.054%	$978K	$263K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	−0.134%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0068%	8h	0.2958	+0.080%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0076%	4h	0.2952	−0.122%	$722K	$1.1M	—	as long as short
Lighter JUP	+0.0096%	1h	0.2959	+0.095%	$816K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.228%	$610K	$677K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	+0.164%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	−0.001%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	+0.072%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	+0.034%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	+0.068%	$8.0M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2958	+0.068%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	0.000%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	−0.068%	—	$20.9M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2956	+0.014%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	0.000%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	−0.030%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	−0.101%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.372%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.034%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USDshort	+0.0100%	1h	0.2954	−0.068%	$57K	$3K	10x
Extended JUP-USD	+0.0104%	1h	0.2954	−0.066%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.169%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0104%	4h	0.2953	−0.101%	$855K	$331K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.133%	$74K	$94K	50x	as long as short