Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h −1.330%

Price spread now: OKX against dYdX+0.068%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 OKX

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 OKX is 0.068% dearer against dYdX than usual: you sell high and buy low: +$7 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	0.0012	pay 0.0002% / 1h	43m 32s	$39K	$36K	5x
Short	OKX JUP-USDT-SWAP	0.2963	0.0100	get 0.0050% / 4h	2h 43m	$4.1M	$16.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $18.47
Price spread: +0.068% → 0.000%: $6.75
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $5.22
Costs to cover: 0.200%
Break-even: 5.0 days

Slippage unknown: dYdX: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	1.69 bp	17.2 bp −$17	64.5 bp −$645	doesn't fit	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 −0.0738% / S +0.0255%	1h	0.2960	−0.030%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0357%	4h	0.2960	−0.020%	$16.2M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0046%	1h	0.2960	−0.044%	$981K	$270K	10x	as long as short
Gate JUP_USDT	−0.0026%	4h	0.2959	−0.068%	$738K	$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	0.2960	−0.030%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2960	−0.045%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2961	−0.010%	$601K	$624K	20x	as long as short
dYdX JUP-USDlong	+0.0012%	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	+0.0040%	1h	0.2967	+0.216%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	+0.030%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2963	+0.081%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.159%	$897K	$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	0.2960	−0.034%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2963	+0.068%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.149%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	+0.052%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2963	+0.053%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2964	+0.117%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2963	+0.068%	$4.1M	$16.7M	50x
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.124%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	+0.068%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.034%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	+0.068%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2963	+0.068%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	0.000%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	0.000%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2968	+0.243%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.338%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.101%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.135%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0113%	4h	0.2962	+0.034%	$867K	$330K	50x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2963	+0.065%	$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