Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.276%

Price spread now: 01 Exchange against Bybit+0.188%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 01 Exchange

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

The price spread pays, funding is against you. 01 Exchange is 0.188% dearer against Bybit than usual: you sell high and buy low (spread +0.188% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2930	−0.0127	get 0.0063% / 4h	2h 54m	$15.8M	$20.8M	50x
Short	01 Exchange JUPUSD	0.2935	−0.0144	pay 0.0018% / 1h	54m 29s	$26K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.188%Rate

Funding earned: −$3.63
Price spread: +0.188% → 0.000%: $18.77
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$2.86
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 min ago; 01 Exchange: 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	3.37 bp	12.6 bp −$13	37.4 bp −$374	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.4347%	1h	0.2943	+0.444%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0442%	1h	0.2945	+0.505%	$976K	$234K	10x	as long as short
Pacifica JUP	−0.0353%	1h	0.2937	+0.248%	$280K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2946	+0.545%	$16K	—	100x	as long as short
01 Exchange JUPUSDshort	−0.0144%	1h	0.2935	+0.188%	$26K	$19K	5x
Bybit JUPUSDTlong	−0.0127%	4h	0.2930	long leg	$15.8M	$20.8M	50x
OKX JUP-USDT-SWAP	−0.0088%	4h	0.2936	+0.205%	$4.0M	$15.0M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0055%	1h	0.2945	+0.522%	$54K	$16K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2947	+0.573%	$592K	$523K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2939	+0.291%	$38K	$31K	5x	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 +0.0001% / S −0.0001%	1h	0.2947	+0.592%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2934	+0.147%	—	—	20x	as long as short
Gate JUP_USDT	+0.0076%	4h	0.2933	+0.102%	$733K	$1.5M	75x	as long as short
Paradex JUP-USD-PERP	+0.0081%	8h	0.2935	+0.164%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2943	+0.457%	$779K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	+0.546%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	+0.137%	$603K	$635K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2939	+0.300%	$18.8M	$11.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	+0.427%	$113K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2934	+0.129%	$16.2M	$47.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2971	+1.399%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2936	+0.205%	$7.5M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2939	+0.307%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2936	+0.205%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2935	+0.171%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2938	+0.275%	$713K	$768K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+1.010%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2964	+1.160%	$158K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2941	+0.362%	$93K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	+0.444%	$111K	$55K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2934	+0.130%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2940	+0.341%	$40K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.2982	+1.758%	$98K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2962	+1.085%	$74K	$58K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2947	+0.580%	$847K	$377K	50x	as long as short
Phemex JUPUSDT	+0.0601%	4h	0.2950	+0.683%	$2.9M	$3.6M	50x	as long as short