Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −1.312%

Price spread now: BingX against dYdX−0.297%48s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. BingX is 0.297% cheaper against dYdX than usual: you would sell low and buy high (spread −0.297% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 14 days of funding at the current rate (+$2 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.2980	0.0028	pay 0.0003% / 1h	15m 54s	$39K	$36K	5x
Short	BingX JUP-USDT	0.2971	0.0100	get 0.0050% / 4h	2h 15m	—	$20.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.297%Rate

Funding earned: $15.22
Price spread: −0.297% → 0.000%: −$29.7
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.49
Costs to cover: 0.200%
Break-even: 22.9 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 7 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	1.68 bp	6.7 bp −$7	8.8 bp −$88	19.2 bp −$1,920	64.6 bp −$32.3K

dYdX: 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	−0.5000%	1h	0.2978	−0.062%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0872% / S +0.0327%	1h	0.2975	−0.170%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0121%	4h	0.2969	−0.364%	$16.2M	$24.0M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2975	−0.156%	$56K	$14K	10x	as long as short
Gate JUP_USDT	0.0000%	4h	0.2970	−0.331%	$739K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2979	−0.025%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2976	−0.141%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2975	−0.173%	$603K	$624K	20x	as long as short
dYdX JUP-USDlong	+0.0028%	1h	0.2980	long leg	$39K	$36K	5x
BloFin JUP-USDT	+0.0043%	4h	0.2979	−0.029%	$859K	$334K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0056%	1h	0.2974	−0.200%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2973	−0.243%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2974	−0.189%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2975	−0.176%	$868K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2974	−0.196%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2973	−0.238%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2976	−0.119%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2976	−0.114%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2975	−0.162%	$283K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	−0.263%	$16.4M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2972	−0.263%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2973	−0.230%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2975	−0.163%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2973	−0.230%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2971	−0.297%	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2974	−0.213%	$984K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2979	−0.017%	$729K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2978	−0.062%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	−0.029%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.028%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2970	−0.331%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2979	−0.029%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.072%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2972	−0.258%	$41K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.324%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2972	−0.268%	$2.2M	$539K	25x	as long as short