Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.005%

Price spread now: 01 Exchange against GRVT−1.236%56s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and 01 Exchange is 1.236% cheaper against GRVT than usual: you would sell low and buy high (−$124 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 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	0.2921	0.0100	pay 0.0050% / 4h	1h 31m	$1.6M	$4.0M	10x
Short	01 Exchange JUPUSD	0.2884	0.0040	get 0.0005% / 1h	31m 57s	$26K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −1.236%Rate

Funding earned: −$12.6
Price spread: −1.236% → 0.000%: −$123.63
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$152.23
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; 01 Exchange: 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, 5 min ago	1.71 bp	10.8 bp −$11	95.2 bp −$952	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2905	−0.522%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2889	−1.089%	$275K	$134K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2890	−1.058%	$53K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2890	−1.041%	$17K	—	150x	as long as short
01 Exchange JUPUSDshort	+0.0040%	1h	0.2884	−1.236%	$26K	$2K	5x
Reya JUPRUSDPERP	+0.0057%	1h	0.2889	−1.068%	—	—	20x	as long as short
ApeX Omni JUPUSDT	+0.0067%	1h	0.2906	−0.497%	$158K	$234K	50x	as long as short
Paradex JUP-USD-PERP	+0.0088%	8h	0.2887	−1.147%	$9K	$9K	10x	as long as short
BloFin JUP-USDT	+0.0090%	4h	0.2893	−0.942%	$813K	$363K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2892	−0.962%	$746K	$953K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2887	−1.164%	$566K	$476K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2892	−0.986%	$17.5M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2889	−1.079%	$97K	$293K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2889	−1.079%	$15.7M	$37.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2888	−1.113%	$15.7M	$16.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2889	−1.079%	$3.9M	$9.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2916	−0.154%	$60K	$439	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2888	−1.113%	$717K	$1.0M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2890	−1.045%	$8.1M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2890	−1.045%	$4.0M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2891	−1.010%	$5.7M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2888	−1.113%	—	$21.2M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2891	−1.017%	$975K	$238K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2910	−0.368%	$704K	$295K	—	as long as short
GRVT JUP_USDT_Perplong	+0.0100%	4h	0.2921	long leg	$1.6M	$4.0M	10x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2891	−1.003%	$91K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2889	−1.079%	$33K	$28K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2885	−1.216%	$109K	$60K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2888	−1.102%	$2.1M	$566K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2889	−1.079%	$39K	—	3x	as long as short
Phoenix JUP	+0.0270%	1h	0.2889	−1.068%	$96K	$269K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2913	−0.247%	$80K	$62K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0537%	1h	0.2892	−0.986%	$570K	$406K	20x	as long as short
Phemex JUPUSDT	+0.0577%	4h	0.2893	−0.942%	$2.9M	$2.8M	50x	as long as short
dYdX JUP-USD	+0.0872%	1h	0.2890	−1.033%	$38K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+3.407%	$3K	$205K	5.5x	as long as short