Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.095%

Price spread now: OKX against Extended+0.010%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.800%−$80 on $10k

Price spread, last 7 days−0.147%−$15 · spread now +0.010%, 7d avg −0.075%

Together, before fees−0.947%+ Points / potential airdropExtended: Active · farm board−$95 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.085% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2956	0.0104	pay 0.0013% / 1h	22m 59s	$2.2M	$503K	25x
Short	OKX JUP-USDT-SWAP	0.2956	0.0100	get 0.0050% / 4h	1h 22m	$4.1M	$16.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$0.84
Price spread: +0.010% → −0.075%: $8.51
Slippage, 4 orders: −$37.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$45.24
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; OKX: live order book, just now.

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, 1 min ago	6.75 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, just now	3.38 bp	14.9 bp −$15	62.0 bp −$620	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	−0.3508%	1h	0.2911	−1.512%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2957	+0.052%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	−0.007%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2957	+0.047%	$601K	$614K	20x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.2959	+0.119%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0008%	4h	0.2953	−0.091%	$746K	$1.9M	75x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2958	+0.068%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	+0.026%	$17K	—	150x	as long as short
BloFin JUP-USDT	+0.0052%	4h	0.2957	+0.044%	$847K	$324K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2955	−0.028%	—	—	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	0.2955	−0.024%	$16.2M	$23.4M	50x	as long as short
Paradex JUP-USD-PERP	+0.0069%	8h	0.2954	−0.053%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2959	+0.095%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2955	−0.015%	$612K	$672K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2963	+0.230%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	+0.034%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2957	+0.050%	$16.3M	$55.0M	75x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2956	+0.010%	$4.1M	$16.6M	50x
MEXC JUP_USDT	+0.0100%	4h	0.2957	+0.044%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2958	+0.078%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	+0.010%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	−0.024%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2958	+0.078%	$979K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.256%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	−0.063%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	−0.091%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	+0.186%	$93K	$133K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	+0.010%	$31K	$50K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.159%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.044%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2941	−0.482%	$57K	$3K	10x	as long as short
Extended JUP-USDlong	+0.0104%	1h	0.2956	long leg	$2.2M	$503K	25x
Aevo JUP-PERP	+0.0104%	1h	0.2955	−0.024%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0109%	1h	0.2956	−0.003%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2958	+0.085%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2956	+0.017%	$74K	$92K	50x	as long as short