Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.028%

Price spread now: Phemex against Gate0.000%7-day average +0.196% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$960.962% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 4 days (all we have)+0.523%+$52 · spread now 0.000%, 7d avg +0.196%

Together, before fees+0.646%+$65 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.196% cheaper against Gate than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.196%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2955	0.0100	pay 0.0050% / 4h	54m 16s	$734K	$1.4M	75x
Short	Phemex JUPUSDT	0.2955	0.0100	get 0.0050% / 4h	54m 16s	$2.9M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.196%: −$19.6
Slippage, 4 orders: −$69.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$115.75
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Phemex: 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	24.9 bp −$25	131.0 bp −$1,310	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	5.08 bp	24.2 bp −$24	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	−0.4661%	1h	0.2910	−1.523%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	−0.123%	$16K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0190%	1h	0.2951	−0.149%	$54K	$16K	10x	as long as short
Pacifica JUP	−0.0125%	1h	0.2958	+0.093%	$282K	$147K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	−0.075%	—	—	150x	as long as short
dYdX JUP-USD	+0.0003%	1h	0.2960	+0.186%	$39K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.134%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2952	−0.104%	$590K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	−0.041%	$781K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2954	−0.051%	$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	0.2954	−0.034%	$596K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2956	+0.042%	$18.8M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2959	+0.132%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	−0.169%	$16.2M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2949	−0.196%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2951	−0.135%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.068%	$62K	$8K	10x	as long as short
Gate JUP_USDTlong	+0.0100%	4h	0.2955	long leg	$734K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2949	−0.203%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	−0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2950	−0.169%	$5.7M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	−0.102%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2950	−0.183%	$978K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	+0.170%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.016%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.338%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.010%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	−0.135%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.068%	$111K	$49K	20x	as long as short
Phemex JUPUSDTshort	+0.0100%	4h	0.2955	0.000%	$2.9M	$3.2M	50x
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.151%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2955	−0.014%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2960	+0.186%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.213%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.203%	$848K	$385K	50x	as long as short
Extended JUP-USD	+0.0424%	1h	0.2949	−0.203%	$2.2M	$502K	25x	as long as short