Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h +0.019%

Price spread now: Gate against Deribit+0.003%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2956	−0.0257	get 0.0032% / 1h	39m 13s	$56K	$14K	10x
Short	Gate JUP_USDT	0.2956	0.0008	get 0.0004% / 4h	1h 39m	$736K	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.003%Rate

Funding earned: $55.69
Price spread: +0.003% → 0.000%: $0.34
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $34.02
Costs to cover: 0.220%
Break-even: 2.7 days

Slippage unknown: Deribit: no order-book sample; Gate: 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 Gate live order book, 3 min ago	3.38 bp	25.9 bp −$26	101.4 bp −$1,014	doesn't fit	doesn't fit

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	0.2918	−1.282%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0539% / S +0.0373%	1h	0.2957	+0.047%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2958	+0.084%	$282K	$172K	10x	as long as short
Deribit JUP_USDC-PERPETUALlong	−0.0257%	1h	0.2956	long leg	$56K	$14K	10x
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2957	+0.031%	$599K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0088%	1h	0.2959	+0.112%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2959	+0.091%	$17K	—	150x	as long as short
Gate JUP_USDTshort	+0.0008%	4h	0.2956	+0.003%	$736K	$1.9M	75x
Bybit JUPUSDT	+0.0056%	4h	0.2954	−0.064%	$16.2M	$23.8M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	+0.026%	—	—	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	+0.0067%	8h	0.2958	+0.071%	$9K	$15K	10x	as long as short
dYdX JUP-USD	+0.0071%	1h	0.2962	+0.203%	$39K	$35K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.064%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2956	+0.020%	$613K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2963	+0.237%	$19.0M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.074%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	−0.011%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	+0.003%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	+0.037%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.173%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2958	+0.071%	$5.7M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	+0.071%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	+0.091%	$979K	$260K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2955	−0.025%	$714K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.036%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2959	+0.105%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2963	+0.227%	$93K	$136K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2957	+0.037%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.166%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2959	+0.105%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.037%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2953	−0.106%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	−0.019%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0160%	4h	0.2954	−0.064%	$848K	$328K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.135%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.137%	$74K	$94K	50x	as long as short