Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.061%

Price spread now: GRVT against Extended+0.076%52s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as 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−$480.476% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.715%−$72 on $10k

Price spread, last 7 days−0.169%−$17 · spread now +0.076%, 7d avg +0.005%

Together, before fees−0.884%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.071% dearer against Extended than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.005%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 26 hours. The two prices were read 52 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	0.2934	0.0320	pay 0.0040% / 1h	8m 31s	$2.2M	$572K	25x
Short	GRVT JUP_USDT_Perp	0.2936	0.0100	get 0.0050% / 4h	1h 08m	$1.6M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$46.2
Price spread: +0.076% → +0.005%: $7.06
Slippage, 4 orders: −$33.6
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$86.74
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; GRVT: live order book, 5 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	5.11 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	3.41 bp	14.5 bp −$14	103.1 bp −$1,031	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	0.2906	−0.952%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2934	−0.001%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2935	+0.030%	$280K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2934	+0.007%	—	—	150x	as long as short
dYdX JUP-USD	+0.0035%	1h	0.2935	+0.051%	$39K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2935	+0.037%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2938	+0.132%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2934	+0.015%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2935	+0.028%	$572K	$490K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2937	+0.101%	$18.1M	$8.9M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2935	+0.042%	$106K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2934	+0.002%	$16.1M	$39.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2933	−0.032%	$15.9M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2934	+0.002%	$4.1M	$10.4M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2936	+0.071%	$701K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2935	+0.037%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2937	+0.105%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2936	+0.071%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2936	+0.071%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2938	+0.122%	$972K	$227K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2931	−0.101%	$710K	$531K	—	as long as short
GRVT JUP_USDT_Perpshort	+0.0100%	4h	0.2936	+0.076%	$1.6M	$4.1M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2934	+0.002%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	+0.084%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2938	+0.139%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2929	−0.168%	$110K	$43K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2934	+0.019%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2937	+0.105%	$40K	—	3x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0125%	1h	0.2938	+0.149%	$53K	$17K	10x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2936	+0.074%	$26K	$6K	5x	as long as short
Phoenix JUP	+0.0244%	1h	0.2938	+0.142%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.224%	$74K	$48K	50x	as long as short
Extended JUP-USDlong	+0.0320%	1h	0.2934	long leg	$2.2M	$572K	25x
BloFin JUP-USDT	+0.0340%	4h	0.2938	+0.139%	$823K	$374K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0374%	1h	0.2938	+0.142%	$579K	$418K	20x	as long as short
Phemex JUPUSDT	+0.0507%	4h	0.2942	+0.275%	$2.9M	$3.0M	50x	as long as short