Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.080%

Price spread now: Bitget against Extended+0.060%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.755%−$75 on $10k

Price spread, last 7 days−0.238%−$24 · spread now +0.060%, 7d avg −0.068%

Together, before fees−0.993%+ Points / potential airdropExtended: Active · farm board−$99 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.128% dearer against Extended than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.068%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.755% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2975	0.0272	pay 0.0034% / 1h	19m 21s	$2.2M	$539K	25x
Short	Bitget JUPUSDT	0.2977	0.0100	get 0.0050% / 4h	2h 19m	$5.7M	$8.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$36.12
Price spread: +0.060% → −0.068%: $12.83
Slippage, 4 orders: −$36.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$76.3
Costs to cover: 0.530%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Bitget: live order book, 4 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	6.69 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	5.04 bp	14.1 bp −$14	19.8 bp −$198	doesn't fit	doesn't fit

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	0.2933	−1.419%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0861% / S +0.0323%	1h	0.2976	+0.041%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0077%	4h	0.2974	−0.038%	$16.3M	$24.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2977	+0.057%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2982	+0.225%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2978	+0.082%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2977	+0.073%	$604K	$624K	20x	as long as short
Gate JUP_USDT	+0.0022%	4h	0.2974	−0.041%	$740K	$1.9M	75x	as long as short
dYdX JUP-USD	+0.0030%	1h	0.2980	+0.156%	$39K	$36K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2975	−0.011%	—	—	20x	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	+0.0064%	1h	0.2977	+0.067%	$26K	$19K	5x	as long as short
BloFin JUP-USDT	+0.0067%	4h	0.2981	+0.194%	$858K	$331K	50x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2975	+0.007%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2979	+0.124%	$869K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2978	+0.094%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2975	−0.007%	$599K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2980	+0.157%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2979	+0.141%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2976	+0.034%	$284K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2976	+0.012%	$16.5M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2975	−0.007%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2976	+0.026%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2980	+0.161%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2977	+0.060%	$5.7M	$8.5M	75x
BingX JUP-USDT	+0.0100%	4h	0.2976	+0.026%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2977	+0.043%	$986K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2979	+0.138%	$729K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.242%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	+0.127%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	+0.265%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2969	−0.209%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2982	+0.228%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.228%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2975	−0.008%	$41K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.480%	$74K	$95K	50x	as long as short
Extended JUP-USDlong	+0.0272%	1h	0.2975	long leg	$2.2M	$539K	25x