Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0465%/8h= +50.9% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against Bybit+0.112%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 gTrade (Gains Network)

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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and gTrade (Gains Network) is 0.112% dearer against Bybit than usual: you sell high and buy low: +$11 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	0.2961	−0.0464	get 0.0232% / 4h	2h 51m	$16.3M	$24.1M	50x
Short	gTrade (Gains Network) JUP/USD	0.2964	L +0.0002% / S −0.0001%	get 0.0000% / 1h	51m 08s	$17K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.112%Rate

Funding earned: $97.7
Price spread: +0.112% → 0.000%: $11.25
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $87.95
Costs to cover: 0.210%
Break-even: 0.7 days

Slippage unknown: Bybit: live order book, 2 min ago; gTrade (Gains Network): 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	3.37 bp	11.4 bp −$11	32.3 bp −$323	277.4 bp −$27.7K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.675%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0715% / S +0.0248%	1h	0.2963	+0.081%	$13K	—	100x	as long as short
Bybit JUPUSDTlong	−0.0464%	4h	0.2961	long leg	$16.3M	$24.1M	50x
Backpack JUP_USDC_PERP	−0.0125%	1h	0.2963	+0.057%	$982K	$270K	10x	as long as short
01 Exchange JUPUSD	−0.0072%	1h	0.2965	+0.135%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0054%	4h	0.2960	−0.034%	$738K	$1.9M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2964	+0.101%	$39K	$36K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2970	+0.317%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2965	+0.122%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0002% / S −0.0001%	1h	0.2964	+0.112%	$17K	—	150x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2964	+0.108%	$601K	$624K	20x	as long as short
BloFin JUP-USDT	+0.0052%	4h	0.2960	−0.034%	$865K	$330K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	−0.006%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0088%	8h	0.2961	+0.005%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.162%	$902K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2963	+0.068%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	+0.025%	$597K	$676K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2966	+0.170%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	+0.107%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	+0.035%	$282K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2963	+0.068%	$16.5M	$56.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	+0.034%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.124%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	+0.068%	$7.9M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2964	+0.101%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	+0.068%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	+0.034%	—	$21.6M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2970	+0.320%	$726K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2977	+0.552%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2964	+0.101%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2968	+0.250%	$93K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.034%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.203%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.034%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0216%	1h	0.2960	−0.017%	$2.2M	$540K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.902%	$74K	$95K	50x	as long as short