Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0065%/8h= −7.2% APRpaid last 24h −0.074%

Price spread now: Bybit against Extended−0.172%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.764%−$76 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.172%, 7d avg −0.069%

Together, before fees−0.768%+ Points / potential airdropExtended: Active · farm board−$77 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 Bybit is 0.102% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2957	0.0104	pay 0.0013% / 1h	57m 08s	$2.2M	$485K	25x
Short	Bybit JUPUSDT	0.2952	0.0039	get 0.0019% / 4h	2h 57m	$16.1M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$13.75
Price spread: −0.172% → −0.069%: −$10.24
Slippage, 4 orders: −$38.89
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.88
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bybit: live order book, 1 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, 2 min ago	6.71 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.37 bp	17.9 bp −$18	42.1 bp −$421	193.6 bp −$19.4K	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	−0.4347%	1h	0.2943	−0.483%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0479%	1h	0.2957	−0.009%	$980K	$234K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0425%	1h	0.2960	+0.085%	$54K	$16K	10x	as long as short
Pacifica JUP	−0.0353%	1h	0.2967	+0.333%	$283K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2963	+0.210%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0152%	1h	0.2962	+0.170%	$26K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0073%	4h	0.2953	−0.145%	$4.0M	$15.1M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2959	+0.064%	$595K	$523K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2969	+0.413%	$39K	$31K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2963	+0.187%	—	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDTshort	+0.0039%	4h	0.2952	−0.172%	$16.1M	$20.4M	50x
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	+0.144%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0080%	8h	0.2965	+0.263%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2961	+0.112%	$783K	$1.3M	10x	as long as short
Gate JUP_USDT	+0.0096%	4h	0.2952	−0.178%	$732K	$1.4M	75x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2960	+0.092%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2963	+0.202%	$610K	$629K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.082%	$19.0M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	+0.281%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	+0.025%	$16.3M	$47.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2971	+0.464%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	+0.025%	$7.7M	$6.8M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	+0.058%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	+0.058%	$5.8M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	−0.111%	—	$20.8M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2972	+0.497%	$720K	$768K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2978	+0.712%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2977	+0.667%	$158K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	+0.424%	$93K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	+0.227%	$112K	$55K	20x	as long as short
Extended JUP-USDlong	+0.0104%	1h	0.2957	long leg	$2.2M	$485K	25x
Aevo JUP-PERP	+0.0104%	1h	0.2954	−0.128%	$40K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.2982	+0.819%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2962	+0.153%	$74K	$59K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2960	+0.092%	$849K	$365K	50x	as long as short
Phemex JUPUSDT	+0.0470%	4h	0.2959	+0.058%	$2.9M	$3.6M	50x	as long as short