Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h +0.071%

Price spread now: Extended against Bybit−0.042%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs+$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.767%+$77 on $10k

Price spread, last 7 days+0.212%+$21 · spread now −0.042%, 7d avg +0.067%

Together, before fees+0.979%+ Points / potential airdropExtended: Active · farm board+$98 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.110% cheaper against Bybit than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.067%). If the spread goes back, that is −$11 on $10k: about 26 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2980	0.0066	pay 0.0033% / 4h	1h 19m	$16.0M	$19.0M	50x
Short	Extended JUP-USD	0.2979	0.0400	get 0.0050% / 1h	19m 44s	$2.2M	$495K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.042%Rate

Funding earned: $70.17
Price spread: −0.042% → +0.067%: −$10.97
Slippage, 4 orders: −$32.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $10.26
Costs to cover: 0.489%
Break-even: 6.0 days

Slippage from Bybit: live order book, 4 min ago; Extended: 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	1.68 bp	14.2 bp −$14	38.0 bp −$380	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	5.05 bp	10.7 bp −$11	doesn't fit	doesn't fit	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	−0.5000%	1h	0.2918	−2.081%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2979	−0.025%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2979	−0.025%	$284K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2979	−0.037%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2980	−0.007%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2976	−0.137%	—	—	20x	as long as short
Bybit JUPUSDTlong	+0.0066%	4h	0.2980	long leg	$16.0M	$19.0M	50x
OKX JUP-USDT-SWAP	+0.0093%	4h	0.2983	+0.101%	$4.1M	$12.4M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2985	+0.185%	$788K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2977	−0.095%	$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	0.2979	−0.042%	$602K	$506K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2985	+0.154%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2983	+0.090%	$115K	$290K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2982	+0.067%	$16.4M	$42.7M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2958	−0.738%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2981	+0.034%	$743K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2979	−0.034%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2980	0.000%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2981	+0.034%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2979	−0.034%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2978	−0.057%	$989K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2977	−0.102%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2973	−0.235%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2971	−0.302%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2980	+0.003%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2979	−0.034%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.201%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2983	+0.101%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2977	−0.101%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0116%	1h	0.2980	+0.014%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2979	−0.039%	$596K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2980	−0.007%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2981	+0.020%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2979	−0.017%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2978	−0.067%	$845K	$382K	50x	as long as short
Extended JUP-USDshort	+0.0400%	1h	0.2979	−0.042%	$2.2M	$495K	25x