Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.082%

Price spread now: BloFin against Extended−0.023%94s7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.499% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.419%−$42 on $10k

Price spread, last 3 days (all we have)+0.168%+$17 · spread now −0.023%, 7d avg +0.077%

Together, before fees−0.251%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.100% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.077%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2955	0.0104	pay 0.0013% / 1h	23m 27s	$2.2M	$503K	25x
Short	BloFin JUP-USDT	0.2954	0.0053	get 0.0027% / 4h	1h 23m	$849K	$324K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$10.69
Price spread: −0.023% → +0.077%: −$10.02
Slippage, 4 orders: −$32.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$70.57
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; BloFin: live order book, 58 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, 5 min ago	6.77 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 58 min ago	1.68 bp	11.6 bp −$12	19.1 bp −$191	66.0 bp −$6,603	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	−0.3508%	1h	0.2911	−1.478%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2958	+0.096%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	+0.027%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2956	+0.041%	$601K	$614K	20x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.2959	+0.153%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0008%	4h	0.2953	−0.057%	$746K	$1.9M	75x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	+0.079%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	+0.060%	$17K	—	150x	as long as short
BloFin JUP-USDTshort	+0.0053%	4h	0.2954	−0.023%	$849K	$324K	50x
Reya JUPRUSDPERP	+0.0057%	1h	0.2955	+0.007%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDT	+0.0064%	4h	0.2954	−0.023%	$16.1M	$23.4M	50x	as long as short
Paradex JUP-USD-PERP	+0.0069%	8h	0.2954	−0.018%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	+0.082%	$792K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2955	+0.020%	$612K	$672K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	+0.234%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.020%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	+0.037%	$16.3M	$55.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	+0.045%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	+0.045%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2957	+0.079%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	−0.023%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	+0.045%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2956	+0.058%	$978K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.221%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	−0.028%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	−0.057%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	+0.221%	$93K	$133K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2957	+0.079%	$31K	$50K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2948	−0.226%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.079%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2941	−0.448%	$57K	$3K	10x	as long as short
Extended JUP-USDlong	+0.0104%	1h	0.2955	long leg	$2.2M	$503K	25x
Aevo JUP-PERP	+0.0104%	1h	0.2956	+0.045%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0109%	1h	0.2956	+0.032%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2958	+0.119%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2956	+0.052%	$74K	$92K	50x	as long as short