Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.065%

Price spread now: BingX against Extended+0.001%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.727%−$73 on $10k

Price spread, last 7 days−0.171%−$17 · spread now +0.001%, 7d avg −0.058%

Together, before fees−0.898%+ Points / potential airdropExtended: Active · farm board−$90 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.059% dearer against Extended than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.058%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2982	0.0408	pay 0.0051% / 1h	19m 15s	$2.2M	$495K	25x
Short	BingX JUP-USDT	0.2982	0.0100	get 0.0050% / 4h	1h 19m	—	$20.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$64.68
Price spread: +0.001% → −0.058%: $5.86
Slippage, 4 orders: −$23.67
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.49
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; BingX: live order book, 9 min ago.

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 Extended live order book, 4 min ago	5.05 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	3.38 bp	8.9 bp −$9	11.5 bp −$115	21.8 bp −$2,184	66.7 bp −$33.4K

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	−1.374%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2983	+0.030%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2982	+0.011%	$284K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2984	+0.068%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2983	+0.043%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2982	−0.002%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0066%	4h	0.2979	−0.099%	$16.0M	$19.0M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2985	+0.118%	$788K	$1.1M	10x	as long as short
OKX JUP-USDT-SWAP	+0.0097%	4h	0.2982	+0.001%	$4.1M	$12.4M	50x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2983	+0.025%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2982	−0.007%	$602K	$506K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2987	+0.155%	$19.0M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2984	+0.068%	$115K	$290K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2983	+0.021%	$16.4M	$42.7M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2958	−0.804%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2981	−0.032%	$743K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2983	+0.035%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2982	+0.001%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2983	+0.035%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2982	+0.001%	—	$20.7M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2978	−0.123%	$989K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2977	−0.168%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2973	−0.301%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	−0.099%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+0.142%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2983	+0.035%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2976	−0.200%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.135%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2981	−0.032%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0113%	1h	0.2980	−0.052%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2983	+0.045%	$597K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2985	+0.118%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2986	+0.145%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2979	−0.083%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2983	+0.035%	$847K	$383K	50x	as long as short
Extended JUP-USDlong	+0.0408%	1h	0.2982	long leg	$2.2M	$495K	25x