Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0453%/8h= +49.6% APRpaid last 24h +1.353%

Price spread now: dYdX against Bybit+0.253%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 for this trade now. Funding pays +$14 a day on $10k at the current rate, and dYdX is 0.253% dearer against Bybit than usual: you sell high and buy low: +$25 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	Bybit JUPUSDT	0.2964	−0.0453	get 0.0227% / 4h	2h 54m	$16.3M	$24.1M	50x
Short	dYdX JUP-USD	0.2972	0	get 0.0000% / 1h	54m 20s	$39K	$36K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.253%Rate

Funding earned: $95.2
Price spread: +0.253% → 0.000%: $25.3
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: $99.51
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.68 bp	10.9 bp −$11	32.4 bp −$324	284.6 bp −$28.5K	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	0.2941	−0.776%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0705% / S +0.0245%	1h	0.2968	+0.132%	$13K	—	100x	as long as short
Bybit JUPUSDTlong	−0.0453%	4h	0.2964	long leg	$16.3M	$24.1M	50x
01 Exchange JUPUSD	−0.0296%	1h	0.2971	+0.223%	$26K	$19K	5x	as long as short
Backpack JUP_USDC_PERP	−0.0174%	1h	0.2978	+0.482%	$987K	$272K	10x	as long as short
ApeX Omni JUPUSDT	−0.0172%	1h	0.2970	+0.202%	$158K	$319K	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0087%	1h	0.2969	+0.152%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0032%	4h	0.2961	−0.101%	$738K	$1.9M	75x	as long as short
dYdX JUP-USDshort	0.0000%	1h	0.2972	+0.253%	$39K	$36K	5x
Phoenix JUP	0.0000%	1h	0.2974	+0.337%	$95K	$447K	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	0.2968	+0.126%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2968	+0.144%	$602K	$624K	20x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	−0.065%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0082%	4h	0.2976	+0.405%	$873K	$332K	50x	as long as short
Paradex JUP-USD-PERP	+0.0087%	8h	0.2964	+0.003%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2973	+0.287%	$909K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2968	+0.135%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2961	−0.101%	$597K	$676K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2967	+0.111%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	+0.069%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2969	+0.177%	$283K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2966	+0.067%	$16.5M	$56.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2966	+0.067%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	−0.034%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2965	+0.034%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2962	−0.067%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2966	+0.067%	—	$21.5M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2970	+0.219%	$726K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2971	+0.234%	$1.6M	$4.3M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2968	+0.142%	$93K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2963	−0.034%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2971	+0.236%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2978	+0.469%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2961	−0.097%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2965	+0.040%	$2.2M	$540K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.800%	$74K	$95K	50x	as long as short