Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.090%

Price spread now: Extended against Gate−0.071%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$730.726% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.823%+$82 on $10k

Price spread, last 7 days+0.238%+$24 · spread now −0.071%, 7d avg +0.054%

Together, before fees+1.061%+ Points / potential airdropExtended: Active · farm board+$106 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.125% cheaper against Gate than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.054%). If the spread goes back, that is −$12 on $10k: about 3.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.823% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2954	0.0100	pay 0.0050% / 4h	3h 34m	$733K	$1.4M	75x
Short	Extended JUP-USD	0.2952	0.0232	get 0.0029% / 1h	34m 32s	$2.2M	$498K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.071%Rate

Funding earned: $27.72
Price spread: −0.071% → +0.054%: −$12.49
Slippage, 4 orders: −$52.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$57.36
Costs to cover: 0.726%
Break-even: 21.5 days

Slippage from Gate: live order book, 3 min ago; Extended: live order book, 4 min ago.

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	3.38 bp	26.9 bp −$27	95.7 bp −$957	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	5.08 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit

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	0.2918	−1.219%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2957	+0.089%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2954	−0.006%	$281K	$146K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0027%	1h	0.2956	+0.078%	$977K	$187K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2954	+0.016%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	+0.115%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2956	+0.074%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.135%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.135%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2953	−0.037%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.059%	$597K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2957	+0.102%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	+0.103%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.068%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2950	−0.135%	$15.9M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	−0.068%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDTlong	+0.0100%	4h	0.2954	long leg	$733K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2953	−0.034%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2955	+0.034%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	−0.034%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	0.000%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	−0.102%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.135%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.034%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.017%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	+0.068%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.237%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.135%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.166%	$62K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	+0.018%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2954	+0.014%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2958	+0.127%	$591K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2954	−0.014%	$97K	$283K	10x	as long as short
Extended JUP-USDshort	+0.0232%	1h	0.2952	−0.071%	$2.2M	$498K	25x
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.227%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	+0.068%	$832K	$375K	50x	as long as short