Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.024%

Price spread now: Bulk against Gate+0.235%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Bulk

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bulk is 0.235% dearer against Gate than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2975	0.0022	pay 0.0011% / 4h	2h 19m	$740K	$1.9M	75x
Short	Bulk JUP-USD	0.2982	0.0100	get 0.0013% / 1h	19m 04s	$58K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Gate. 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 GatebpFee BulkbpOrdersPrice spread, now +0.235%Rate

Funding earned: $16.38
Price spread: +0.235% → 0.000%: $23.53
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $17.91
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Gate: live order book, 3 min ago; Bulk: 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 Gate live order book, 3 min ago	1.68 bp	27.7 bp −$28	129.1 bp −$1,291	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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	−0.5000%	1h	0.2978	+0.101%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0861% / S +0.0323%	1h	0.2976	+0.048%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0077%	4h	0.2974	−0.040%	$16.3M	$24.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2977	+0.054%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2982	+0.232%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2978	+0.090%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2977	+0.084%	$604K	$624K	20x	as long as short
Gate JUP_USDTlong	+0.0022%	4h	0.2975	long leg	$740K	$1.9M	75x
dYdX JUP-USD	+0.0030%	1h	0.2980	+0.163%	$39K	$36K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2975	−0.004%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0064%	1h	0.2977	+0.074%	$26K	$19K	5x	as long as short
BloFin JUP-USDT	+0.0082%	4h	0.2979	+0.134%	$858K	$335K	50x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2975	+0.014%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2979	+0.128%	$869K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2978	+0.101%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2975	0.000%	$599K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2980	+0.163%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2979	+0.131%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2976	+0.041%	$284K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2975	+0.003%	$16.5M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2975	0.000%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2975	0.000%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2979	+0.134%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2977	+0.067%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2975	0.000%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2977	+0.061%	$986K	$265K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2979	+0.146%	$729K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.249%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	+0.134%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	+0.272%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2970	−0.168%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2982	+0.235%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USDshort	+0.0100%	1h	0.2982	+0.235%	$58K	$4K	10x
Aevo JUP-PERP	+0.0104%	1h	0.2975	−0.001%	$41K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.487%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2975	−0.010%	$2.2M	$539K	25x	as long as short