Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0718%/8h= −78.7% APRpaid last 24h −0.086%

Price spread now: GMX against Gate+0.259%57s7-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 GMX

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 pays, funding is against you. GMX is 0.259% dearer against Gate than usual: you sell high and buy low (spread +0.259% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 29 hours. The two prices were read 57 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	Gate JUP_USDT	0.2901	0.0100	pay 0.0050% / 4h	24m 17s	$692K	$1.4M	75x
Short	GMX JUP/USD [WBTC.b-USDC]	0.2909	L −0.0275% / S +0.0618%	pay 0.0077% / 1h	24m 17s	$16K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.259%Rate

Funding earned: −$150.85
Price spread: +0.259% → 0.000%: $25.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$151.93
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; GMX: 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	3.43 bp	23.0 bp −$23	91.4 bp −$914	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.3836%	1h	0.2880	−0.724%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]short	L −0.0275% / S +0.0618%	1h	0.2909	+0.259%	$16K	—	100x
Deribit JUP_USDC-PERPETUAL	−0.0060%	1h	0.2903	+0.059%	$52K	$17K	10x	as long as short
Pacifica JUP	−0.0058%	1h	0.2903	+0.067%	$277K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2909	+0.286%	—	—	150x	as long as short
dYdX JUP-USD	+0.0022%	1h	0.2904	+0.119%	$38K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2901	+0.007%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2907	+0.193%	$752K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2902	+0.018%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2902	+0.052%	$571K	$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	0.2905	+0.145%	$17.9M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2905	+0.131%	$98K	$296K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2901	+0.016%	$15.9M	$38.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2900	−0.034%	$15.7M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2903	+0.069%	$4.0M	$10.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.268%	$60K	$2K	10x	as long as short
Gate JUP_USDTlong	+0.0100%	4h	0.2901	long leg	$692K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2902	+0.034%	$6.8M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2904	+0.103%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2904	+0.103%	$5.7M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2902	+0.034%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2906	+0.172%	$961K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2904	+0.119%	$705K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2913	+0.414%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2909	+0.276%	$160K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2905	+0.141%	$91K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2903	+0.069%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2900	−0.034%	$109K	$42K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2901	−0.001%	$2.2M	$579K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2902	+0.026%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2902	+0.028%	$26K	$3K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2927	+0.882%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2908	+0.241%	$817K	$369K	50x	as long as short
Phemex JUPUSDT	+0.0342%	4h	0.2910	+0.310%	$2.8M	$3.0M	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2913	+0.396%	$105K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0417%	1h	0.2905	+0.126%	$572K	$418K	20x	as long as short