Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.012%

Price spread now: Deribit against Gate+0.060%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.060% dearer against Gate than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2981	0.0068	pay 0.0034% / 4h	3h 03m	$744K	$2.0M	75x
Short	Deribit JUP_USDC-PERPETUAL	0.2983	0	get 0.0000% / 1h	3m 27s	$58K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$14.28
Price spread: +0.060% → 0.000%: $6.04
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.24
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Deribit: 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, 4 min ago	3.35 bp	20.8 bp −$21	102.8 bp −$1,028	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.4049%	1h	0.3006	+0.839%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0673% / S +0.0235%	1h	0.2983	+0.056%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0245%	4h	0.2980	−0.034%	$16.3M	$24.1M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2989	+0.258%	$95K	$396K	10x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2983	+0.060%	$58K	$13K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2984	+0.091%	$17K	—	150x	as long as short
BloFin JUP-USDT	+0.0046%	4h	0.2986	+0.168%	$870K	$334K	50x	as long as short
dYdX JUP-USD	+0.0056%	1h	0.2984	+0.103%	$39K	$38K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2980	−0.047%	—	—	20x	as long as short
Gate JUP_USDTlong	+0.0068%	4h	0.2981	long leg	$744K	$2.0M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0096%	8h	0.2981	−0.004%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2985	+0.148%	$922K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2984	+0.101%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2979	−0.050%	$600K	$675K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2984	+0.086%	$107K	$368K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2981	+0.010%	$284K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2981	0.000%	$16.6M	$56.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2980	−0.034%	$4.1M	$16.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2976	−0.168%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2981	0.000%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	+0.101%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2980	−0.034%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2982	+0.034%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2983	+0.057%	$989K	$274K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2984	+0.086%	$729K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2988	+0.223%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2983	+0.067%	$159K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+0.164%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.235%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2988	+0.235%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2982	+0.017%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0108%	1h	0.2986	+0.168%	$19.2M	$14.1M	10x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2984	+0.087%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2988	+0.225%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0280%	1h	0.2980	−0.035%	$2.2M	$544K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0285%	1h	0.2984	+0.099%	$605K	$623K	20x	as long as short