Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.043%

Price spread now: BloFin against gTrade (Gains Network)−0.007%50s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 50 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	gTrade (Gains Network) JUP/USD	0.2895	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	23m 36s	—	—	150x
Short	BloFin JUP-USDT	0.2895	0.0340	get 0.0170% / 4h	2h 23m	$819K	$372K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.007%Rate

Funding earned: $71.17
Price spread: −0.007% → 0.000%: −$0.73
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $48.45
Costs to cover: 0.220%
Break-even: 2.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	3.45 bp	11.3 bp −$11	27.8 bp −$278	92.8 bp −$9,282	doesn't fit

gTrade (Gains Network): 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	−0.4499%	1h	0.2910	+0.511%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2895	−0.023%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2893	−0.069%	$276K	$142K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2898	+0.079%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S −0.0001%	1h	0.2895	long leg	—	—	150x
dYdX JUP-USD	+0.0011%	1h	0.2897	+0.078%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2893	−0.067%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2896	+0.013%	$755K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2892	−0.109%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2895	+0.010%	$574K	$493K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2894	−0.031%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2894	−0.042%	$107K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2894	−0.042%	$15.9M	$39.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2893	−0.094%	$15.6M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2893	−0.076%	$4.0M	$10.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.492%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2893	−0.076%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2894	−0.042%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2894	−0.042%	$3.9M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2895	−0.007%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2893	−0.076%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2896	+0.041%	$955K	$190K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2892	−0.110%	$702K	$630K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2906	+0.372%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−0.111%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2896	+0.034%	$91K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2896	+0.027%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2889	−0.214%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2896	+0.027%	$39K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2893	−0.069%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2891	−0.147%	$2.1M	$527K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0261%	1h	0.2898	+0.091%	$572K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2907	+0.397%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2909	+0.480%	$74K	$48K	50x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2895	−0.007%	$819K	$372K	50x
Phemex JUPUSDT	+0.0513%	4h	0.2903	+0.269%	$2.8M	$3.0M	50x	as long as short