Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: GRVT against Bybit+0.500%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.365%−$37 · spread now +0.500%, 7d avg +0.078%

Together, before fees−0.325%+ Points / potential airdropGRVT: Active · farm board−$33 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: GRVT is 0.422% dearer against Bybit than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.3003	0.0100	pay 0.0050% / 4h	3h 21m	$16.5M	$20.7M	50x
Short	GRVT JUP_USDT_Perp	0.3018	0.0100	get 0.0050% / 4h	3h 21m	$1.7M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.500%Rate

Funding earned: $0
Price spread: +0.500% → +0.078%: $42.17
Slippage, 4 orders: −$40.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17.85
Costs to cover: 0.600%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; GRVT: 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, 3 min ago	3.33 bp	14.6 bp −$15	39.1 bp −$391	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	1.66 bp	14.4 bp −$14	67.8 bp −$678	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	−0.4634%	1h	0.2976	−0.899%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3003	−0.005%	$286K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3006	+0.088%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3006	+0.104%	$605K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0083%	1h	0.3005	+0.060%	$55K	$16K	10x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.2999	−0.117%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0017%	4h	0.3004	+0.033%	$4.1M	$15.8M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3005	+0.079%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0028%	1h	0.3005	+0.080%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3003	−0.015%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0076%	8h	0.3001	−0.063%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3007	+0.123%	$754K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3005	+0.067%	$31K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3001	−0.067%	$622K	$628K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3008	+0.168%	$19.3M	$11.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3007	+0.127%	$116K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3004	+0.033%	$16.5M	$49.2M	75x	as long as short
Bybit JUPUSDTlong	+0.0100%	4h	0.3003	long leg	$16.5M	$20.7M	50x
Bulk JUP-USD	+0.0100%	1h	0.3007	+0.141%	$63K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3003	0.000%	$751K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3004	+0.033%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3004	+0.033%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3005	+0.067%	$5.9M	$6.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3002	−0.033%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3005	+0.053%	$994K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3002	−0.033%	$727K	$770K	—	as long as short
GRVT JUP_USDT_Perpshort	+0.0100%	4h	0.3018	+0.500%	$1.7M	$3.8M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.3011	+0.266%	$160K	$309K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3008	+0.160%	$95K	$112K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2998	−0.167%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3010	+0.233%	$2.9M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3005	+0.052%	$2.2M	$493K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3021	+0.593%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3016	+0.423%	$98K	$469K	10x	as long as short
BloFin JUP-USDT	+0.0247%	4h	0.3005	+0.067%	$848K	$349K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3008	+0.163%	$75K	$60K	50x	as long as short