Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Binance against GRVT+0.057%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.057%, 7d avg −0.056%

Together, before fees−0.209%+ Points / potential airdropGRVT: Active · farm board−$21 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: Binance is 0.113% dearer against GRVT than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT JUP_USDT_Perp	0.2957	0.0100	pay 0.0050% / 4h	1h 15m	$1.6M	$4.0M	10x
Short	Binance JUPUSDT	0.2959	0.0100	get 0.0050% / 4h	1h 15m	$16.3M	$54.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → −0.056%: $11.31
Slippage, 4 orders: −$59.97
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.66
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Binance: live order book, 12 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 GRVT live order book, 4 min ago	1.69 bp	24.3 bp −$24	95.3 bp −$953	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.69 bp	13.4 bp −$13	29.0 bp −$290	131.2 bp −$13.1K	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	−0.3508%	1h	0.2911	−1.556%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2956	−0.028%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	−0.055%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2958	+0.049%	$599K	$616K	20x	as long as short
01 Exchange JUPUSD	−0.0008%	1h	0.2958	+0.020%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	−0.003%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	−0.032%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0008%	4h	0.2955	−0.068%	$746K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2953	−0.123%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0072%	4h	0.2954	−0.091%	$16.2M	$23.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0074%	8h	0.2955	−0.065%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2960	+0.088%	$794K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.110%	$611K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.118%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.036%	$106K	$359K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2959	+0.057%	$16.3M	$54.5M	75x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	−0.034%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.068%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	−0.034%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2958	+0.034%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	−0.101%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	−0.101%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2957	+0.014%	$979K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2952	−0.182%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perplong	+0.0100%	4h	0.2957	long leg	$1.6M	$4.0M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	−0.034%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2960	+0.098%	$93K	$132K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	−0.034%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2949	−0.271%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.237%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.013%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0119%	4h	0.2959	+0.068%	$846K	$327K	50x	as long as short
dYdX JUP-USD	+0.0136%	1h	0.2957	−0.012%	$39K	$35K	5x	as long as short
Extended JUP-USD	+0.0184%	1h	0.2953	−0.147%	$2.2M	$503K	25x	as long as short
Phoenix JUP	+0.0190%	1h	0.2959	+0.054%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2961	+0.135%	$74K	$94K	50x	as long as short