Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h +0.009%

Price spread now: OKX against gTrade (Gains Network)−0.178%7-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 OKX

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.178% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.3022	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	13m 07s	$1K	—	150x
Short	OKX JUP-USDT-SWAP	0.3017	−0.0023	pay 0.0012% / 4h	3h 13m	$4.1M	$15.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$5.26
Price spread: −0.178% → 0.000%: −$17.83
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$43.09
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	3.32 bp	14.7 bp −$15	57.5 bp −$575	doesn't fit	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	−0.4634%	1h	0.2985	−1.237%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3023	+0.013%	$288K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3022	−0.027%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3022	−0.003%	$608K	$526K	20x	as long as short
01 Exchange JUPUSD	−0.0056%	1h	0.3021	−0.033%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAPshort	−0.0023%	4h	0.3017	−0.178%	$4.1M	$15.8M	50x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3022	−0.016%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0002% / S −0.0001%	1h	0.3022	long leg	$1K	—	150x
dYdX JUP-USD	+0.0048%	1h	0.3025	+0.070%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3019	−0.111%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0079%	8h	0.3021	−0.030%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3022	−0.006%	$757K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3022	−0.013%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3019	−0.104%	$626K	$626K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3024	+0.041%	$19.4M	$11.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3026	+0.119%	$117K	$328K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3020	−0.078%	$16.6M	$48.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3019	−0.119%	$16.6M	$20.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.708%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3021	−0.046%	$759K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3022	−0.013%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3022	−0.013%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3022	−0.013%	$5.9M	$6.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3021	−0.046%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3021	−0.056%	$1.0M	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3009	−0.442%	$728K	$771K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3017	−0.178%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3016	−0.211%	$160K	$308K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3025	+0.096%	$96K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3016	−0.211%	$114K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3027	+0.153%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3021	−0.051%	$2.2M	$489K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3019	−0.112%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3019	−0.109%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3024	+0.070%	$75K	$61K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3024	+0.053%	$856K	$359K	50x	as long as short