Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.043%

Price spread now: BingX against Deribit−0.108%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.247%+$25 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.108% cheaper against Deribit than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2968	0	get 0.0000% / 1h	0m 08s	$56K	$14K	10x
Short	BingX JUP-USDT	0.2965	0.0100	get 0.0050% / 4h	1h 00m	—	$20.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now −0.108%Rate

Funding earned: $21
Price spread: −0.108% → 0.000%: −$10.78
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.78
Costs to cover: 0.170%
Break-even: 9.3 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 3 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	1.69 bp	7.9 bp −$8	11.2 bp −$112	24.3 bp −$2,425	66.6 bp −$33.3K

Deribit: 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	−0.3508%	1h	0.2923	−1.523%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2968	+0.007%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2968	−0.020%	$283K	$169K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2969	+0.013%	$602K	$618K	20x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2969	+0.037%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2968	long leg	$56K	$14K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2969	+0.016%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0032%	4h	0.2965	−0.108%	$747K	$1.9M	75x	as long as short
BloFin JUP-USDT	+0.0042%	4h	0.2968	−0.007%	$845K	$328K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2965	−0.097%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDT	+0.0067%	4h	0.2964	−0.141%	$16.2M	$23.1M	50x	as long as short
Paradex JUP-USD-PERP	+0.0078%	8h	0.2967	−0.036%	$9K	$13K	10x	as long as short
Backpack JUP_USDC_PERP	+0.0084%	1h	0.2968	−0.017%	$982K	$252K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2969	+0.044%	$796K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.083%	$613K	$669K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.141%	$19.1M	$13.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2968	−0.018%	$107K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	−0.042%	$16.4M	$54.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2965	−0.108%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2968	−0.007%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2969	+0.027%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.040%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2965	−0.108%	—	$20.9M	—
Variational Omni JUP	+0.0100%	4h	0.2961	−0.239%	$715K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	−0.219%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.276%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2973	+0.162%	$94K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2968	−0.007%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2962	−0.209%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2971	+0.094%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.074%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2967	−0.043%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0120%	1h	0.2969	+0.012%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2962	−0.226%	$96K	$441K	10x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2965	−0.111%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2972	+0.138%	$74K	$94K	50x	as long as short