Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −1.317%

Price spread now: BloFin against dYdX+0.034%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on BloFin

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.034% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.2961	0.0013	pay 0.0002% / 1h	44m 40s	$39K	$36K	5x
Short	BloFin JUP-USDT	0.2962	0.0113	get 0.0056% / 4h	2h 44m	$867K	$330K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.034%Rate

Funding earned: $20.95
Price spread: +0.034% → 0.000%: $3.38
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.33
Costs to cover: 0.220%
Break-even: 6.2 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 42 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 BloFin live order book, 42 min ago	1.67 bp	12.3 bp −$12	24.0 bp −$240	72.8 bp −$7,285	doesn't fit

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	0.2934	−0.912%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0735% / S +0.0254%	1h	0.2961	−0.010%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0392%	4h	0.2954	−0.236%	$16.2M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0050%	1h	0.2958	−0.095%	$981K	$270K	10x	as long as short
Gate JUP_USDT	−0.0040%	4h	0.2955	−0.203%	$737K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2964	+0.095%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	−0.010%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2962	+0.026%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2960	−0.038%	$601K	$624K	20x	as long as short
dYdX JUP-USDlong	+0.0013%	1h	0.2961	long leg	$39K	$36K	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0032%	1h	0.2959	−0.074%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.099%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2957	−0.138%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2961	−0.007%	$896K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0098%	4h	0.2958	−0.101%	$724K	$1.2M	—	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2961	0.000%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2958	−0.110%	$596K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	−0.007%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2959	−0.051%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2957	−0.137%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	−0.157%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	−0.169%	$4.0M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.124%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	−0.101%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	−0.068%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	−0.203%	$5.6M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	−0.169%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	+0.034%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2963	+0.068%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.115%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.236%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2965	+0.135%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.152%	$40K	—	3x	as long as short
BloFin JUP-USDTshort	+0.0113%	4h	0.2962	+0.034%	$867K	$330K	50x
Extended JUP-USD	+0.0240%	1h	0.2955	−0.205%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.902%	$74K	$95K	50x	as long as short