Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.059%

Price spread now: Coinbase International against GRVT+0.381%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.381% dearer against GRVT than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT JUP_USDT_Perp	0.2989	0.0100	pay 0.0050% / 4h	35m 16s	$1.6M	$3.9M	10x
Short	Coinbase International JUP-PERP-INTX	0.3000	0.0256	get 0.0032% / 1h	35m 16s	$75K	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.381%Rate

Funding earned: $32.76
Price spread: +0.381% → 0.000%: $38.14
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $51.9
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: GRVT: live order book, 4 min ago; Coinbase International: 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 GRVT live order book, 4 min ago	1.67 bp	14.0 bp −$14	52.5 bp −$525	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	−0.4371%	1h	0.2950	−1.305%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2986	−0.086%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2988	−0.039%	$602K	$609K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2985	−0.134%	$284K	$168K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0051%	1h	0.2987	−0.077%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2988	−0.049%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0007%	4h	0.2982	−0.224%	$16.3M	$22.9M	50x	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2984	−0.167%	$748K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2983	−0.196%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2986	−0.097%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0072%	4h	0.2984	−0.167%	$850K	$329K	50x	as long as short
dYdX JUP-USD	+0.0083%	1h	0.2987	−0.080%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2985	−0.125%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2988	−0.040%	$800K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2987	−0.067%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2984	−0.184%	$615K	$662K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2988	−0.046%	$116K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2985	−0.134%	$16.4M	$53.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2982	−0.234%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	−0.134%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2985	−0.134%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2987	−0.067%	$4.2M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2987	−0.067%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2983	−0.201%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2989	−0.013%	$989K	$244K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2984	−0.179%	$722K	$1.0M	—	as long as short
GRVT JUP_USDT_Perplong	+0.0100%	4h	0.2989	long leg	$1.6M	$3.9M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2989	0.000%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2989	0.000%	$94K	$129K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2978	−0.368%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2992	+0.100%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2983	−0.201%	$41K	—	3x	as long as short
Phoenix JUP	+0.0162%	1h	0.2990	+0.023%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0175%	1h	0.2991	+0.051%	$19.2M	$13.1M	10x	as long as short
Coinbase International JUP-PERP-INTXshort	+0.0256%	1h	0.3000	+0.381%	$75K	$95K	50x
Extended JUP-USD	+0.0272%	1h	0.2983	−0.199%	$2.2M	$507K	25x	as long as short