Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Gate against Bybit+0.125%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$800.800% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days−0.132%−$13 · spread now +0.125%, 7d avg +0.012%

Together, before fees−0.182%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.114% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2948	0.0100	pay 0.0050% / 4h	3h 34m	$15.9M	$17.7M	50x
Short	Gate JUP_USDT	0.2952	0.0100	get 0.0050% / 4h	3h 34m	$732K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → +0.012%: $11.35
Slippage, 4 orders: −$53.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.6
Costs to cover: 0.800%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 3 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	1.69 bp	15.7 bp −$16	43.5 bp −$435	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.38 bp	24.1 bp −$24	94.7 bp −$947	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	−1.028%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	+0.088%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2954	+0.187%	$281K	$146K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0016%	1h	0.2950	+0.075%	$975K	$187K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2954	+0.209%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2950	+0.075%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.112%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	+0.058%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2953	+0.163%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2953	+0.157%	$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	0.2952	+0.134%	$597K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.153%	$18.5M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2954	+0.195%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	+0.064%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDTlong	+0.0100%	4h	0.2948	long leg	$15.9M	$17.7M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2950	+0.058%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDTshort	+0.0100%	4h	0.2952	+0.125%	$732K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2950	+0.058%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	+0.125%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	+0.159%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	+0.159%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	+0.091%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	+0.058%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.227%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.210%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	+0.092%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	−0.180%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	+0.193%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.359%	$62K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	+0.004%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2954	+0.207%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2952	+0.121%	$590K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2954	+0.180%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2949	+0.020%	$2.2M	$498K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.421%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	+0.261%	$832K	$375K	50x	as long as short