Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.045%

Price spread now: Deribit against GRVT+0.007%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.270%−$27 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

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	3h 32m	$1.6M	$3.9M	10x
Short	Deribit JUP_USDC-PERPETUAL	0.2957	0	get 0.0000% / 1h	32m 46s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$21
Price spread: +0.007% → 0.000%: $0.73
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.27
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 1 min ago; Deribit: 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, 1 min ago	1.69 bp	12.7 bp −$13	130.8 bp −$1,308	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.5000%	1h	0.2918	−1.305%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2956	−0.034%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2957	+0.016%	$282K	$146K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0005%	1h	0.2958	+0.031%	$977K	$187K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2957	+0.027%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2957	+0.007%	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2955	−0.047%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	−0.071%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2960	+0.129%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2954	−0.095%	$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	−0.070%	$598K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.132%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.052%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	+0.047%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2955	−0.054%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	−0.020%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2954	−0.087%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	+0.082%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2957	+0.014%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	+0.082%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	−0.020%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	−0.189%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perplong	+0.0100%	4h	0.2957	long leg	$1.6M	$3.9M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	−0.054%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	+0.045%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	−0.020%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.358%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.048%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.087%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	−0.070%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2957	+0.028%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2959	+0.081%	$592K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2955	−0.047%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2957	+0.002%	$2.2M	$498K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.139%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2951	−0.189%	$833K	$375K	50x	as long as short