Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0173%/8h= −18.9% APRpaid last 24h −0.078%

Price spread now: Orderly against Extended+0.133%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.133% dearer against Extended than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2983	0.0272	pay 0.0034% / 1h	35m 16s	$2.2M	$507K	25x
Short	Orderly PERP_JUP_USDC	0.2987	0.0099	get 0.0050% / 4h	35m 16s	$31K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.133%Rate

Funding earned: −$36.27
Price spread: +0.133% → 0.000%: $13.28
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$33.98
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Extended: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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, 3 min ago	5.01 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.4371%	1h	0.2950	−1.108%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2986	+0.114%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2988	+0.161%	$602K	$609K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2985	+0.065%	$284K	$168K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0051%	1h	0.2987	+0.123%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2988	+0.151%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0007%	4h	0.2982	−0.025%	$16.3M	$22.9M	50x	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2984	+0.032%	$748K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2983	+0.004%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2986	+0.103%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0072%	4h	0.2984	+0.032%	$850K	$329K	50x	as long as short
dYdX JUP-USD	+0.0083%	1h	0.2987	+0.120%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2985	+0.075%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2988	+0.160%	$800K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDCshort	+0.0099%	4h	0.2987	+0.133%	$31K	$48K	10x
Nado JUP-PERP	+0.0100%	1h	0.2984	+0.016%	$615K	$662K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2988	+0.154%	$116K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2985	+0.066%	$16.4M	$53.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2982	−0.035%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	+0.066%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2985	+0.066%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2987	+0.133%	$4.2M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2987	+0.133%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2983	−0.001%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2989	+0.186%	$989K	$244K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2984	+0.021%	$722K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	+0.200%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2989	+0.200%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2989	+0.200%	$94K	$129K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2978	−0.169%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2992	+0.300%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2983	−0.001%	$41K	—	3x	as long as short
Phoenix JUP	+0.0162%	1h	0.2990	+0.223%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0175%	1h	0.2991	+0.250%	$19.2M	$13.1M	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.582%	$75K	$95K	50x	as long as short
Extended JUP-USDlong	+0.0272%	1h	0.2983	long leg	$2.2M	$507K	25x