Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.090%

Price spread now: Gate against Extended+0.021%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

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

costs, in and out, $10k−$730.726% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.823%−$82 on $10k

Price spread, last 7 days−0.188%−$19 · spread now +0.021%, 7d avg −0.054%

Together, before fees−1.010%+ Points / potential airdropExtended: Active · farm board−$101 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.074% dearer against Extended than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.054%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.823% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2954	0.0232	pay 0.0029% / 1h	34m 38s	$2.2M	$497K	25x
Short	Gate JUP_USDT	0.2955	0.0100	get 0.0050% / 4h	3h 34m	$733K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: −$27.72
Price spread: +0.021% → −0.054%: $7.44
Slippage, 4 orders: −$52.59
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.86
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Gate: live order book, 3 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	5.08 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.38 bp	24.1 bp −$24	94.7 bp −$947	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	0.2918	−1.232%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2957	+0.076%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2954	−0.019%	$281K	$146K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0027%	1h	0.2956	+0.065%	$977K	$187K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2954	+0.003%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	+0.102%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2956	+0.061%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2955	+0.021%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.122%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2953	−0.050%	$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	0.2954	−0.022%	$597K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2957	+0.088%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.135%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2954	−0.016%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2950	−0.132%	$15.9M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	−0.047%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDTshort	+0.0100%	4h	0.2955	+0.021%	$733K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2953	−0.047%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2955	+0.021%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	+0.021%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	+0.021%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	−0.115%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.148%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.021%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.075%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	+0.055%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.250%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.122%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.152%	$62K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	+0.005%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2954	−0.023%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2958	+0.114%	$591K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2954	−0.027%	$97K	$283K	10x	as long as short
Extended JUP-USDlong	+0.0232%	1h	0.2954	long leg	$2.2M	$497K	25x
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.214%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	+0.055%	$832K	$375K	50x	as long as short