Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT+0.102%63s7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$780.776% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.166%−$17 · spread now +0.102%, 7d avg −0.074%

Together, before fees−0.219%+ Points / potential airdropGRVT: Active · farm board−$22 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: Bitget is 0.176% dearer against GRVT than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.074%. The two prices were read 63 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	GRVT JUP_USDT_Perp	0.2950	0.0100	pay 0.0050% / 4h	3h 34m	$1.6M	$3.9M	10x
Short	Bitget JUPUSDT	0.2953	0.0100	get 0.0050% / 4h	3h 34m	$5.8M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → −0.074%: $17.56
Slippage, 4 orders: −$56.62
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.06
Costs to cover: 0.776%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Bitget: 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 GRVT live order book, 4 min ago	1.69 bp	19.3 bp −$19	98.2 bp −$982	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.38 bp	13.3 bp −$13	29.4 bp −$294	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	−1.085%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2957	+0.225%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2954	+0.129%	$281K	$146K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0027%	1h	0.2956	+0.214%	$977K	$187K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2954	+0.151%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	+0.251%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2956	+0.210%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	+0.001%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.271%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2953	+0.099%	$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	+0.076%	$597K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2957	+0.237%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	+0.239%	$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	0.000%	$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_USDT	+0.0100%	4h	0.2954	+0.136%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	+0.102%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2955	+0.169%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2953	+0.102%	$5.8M	$5.4M	75x
BingX JUP-USDT	+0.0100%	4h	0.2954	+0.136%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	+0.033%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perplong	+0.0100%	4h	0.2950	long leg	$1.6M	$3.9M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.169%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.153%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	+0.203%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.102%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.271%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.301%	$62K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	+0.154%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2954	+0.149%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2958	+0.263%	$591K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2954	+0.122%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2952	+0.064%	$2.2M	$498K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.363%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	+0.203%	$832K	$375K	50x	as long as short