Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −1.389%

Price spread now: Deribit against dYdX+0.129%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 Deribit

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.129% dearer against dYdX than usual: you sell high and buy low, +$13 on $10k if it 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	0.2975	0	get 0.0000% / 1h	55m 03s	$39K	$38K	5x
Short	Deribit JUP_USDC-PERPETUAL	0.2979	0	get 0.0000% / 1h	55m 03s	$58K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.129%Rate

Funding earned: $0
Price spread: +0.129% → 0.000%: $12.87
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$4.13
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Deribit: 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 dYdX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

dYdX and 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	−0.5000%	1h	0.2941	−1.142%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0703% / S +0.0244%	1h	0.2978	+0.113%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0380%	4h	0.2973	−0.063%	$16.3M	$24.1M	50x	as long as short
01 Exchange JUPUSD	−0.0264%	1h	0.2971	−0.147%	$26K	$19K	5x	as long as short
Backpack JUP_USDC_PERP	−0.0174%	1h	0.2978	+0.112%	$987K	$272K	10x	as long as short
ApeX Omni JUPUSDT	−0.0172%	1h	0.2970	−0.167%	$158K	$319K	50x	as long as short
Gate JUP_USDT	−0.0010%	4h	0.2975	+0.001%	$742K	$1.9M	75x	as long as short
dYdX JUP-USDlong	0.0000%	1h	0.2975	long leg	$39K	$38K	5x
Phoenix JUP	0.0000%	1h	0.2974	−0.033%	$95K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2979	+0.129%	$58K	$13K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2978	+0.091%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2979	+0.148%	$604K	$624K	20x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	−0.022%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0082%	4h	0.2976	+0.035%	$873K	$332K	50x	as long as short
Paradex JUP-USD-PERP	+0.0087%	8h	0.2973	−0.066%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2981	+0.209%	$911K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2979	+0.135%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2974	−0.041%	$598K	$675K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2980	+0.176%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2975	+0.017%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2971	−0.137%	$283K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2976	+0.048%	$16.5M	$56.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2969	−0.201%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2978	+0.102%	$8.0M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	+0.068%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2972	−0.100%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2974	−0.033%	—	$21.5M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2970	−0.151%	$726K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2971	−0.136%	$1.6M	$4.3M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2980	+0.162%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2967	−0.268%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2980	+0.169%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2978	+0.099%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2975	+0.001%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2970	−0.178%	$2.2M	$540K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.428%	$74K	$95K	50x	as long as short