Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.3898%/8h= +426.8% APRpaid last 24h +1.085%

Price spread now: BingX against Injective+2.900%7-day average +1.893% · you sell dearer than you buy

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.895%+$290 on $10k

Price spread, last 4 days (all we have)−2.116%−$212 · spread now +2.900%, 7d avg +1.893%

Together, before fees+0.779%+$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$117 a day on $10k at the current rate, and BingX is 1.007% dearer against Injective than usual: you sell high and buy low: +$101 more if the spread goes back to its 7-day average of +1.893%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective JUP/USDC PERP	0.2931	−0.3798	get 0.0475% / 1h	5m 03s	$3K	$205K	5.5x
Short	BingX JUP-USDT	0.3016	0.0100	get 0.0050% / 4h	3h 05m	—	$20.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +2.900%Rate

Funding earned: $818.59
Price spread: +2.900% → +1.893%: $100.73
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $909.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: live order book, 29 min ago; BingX: live order book, 9 min ago. 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 Injective live order book, 29 min ago	102.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.67 bp	7.2 bp −$7	11.2 bp −$112	25.6 bp −$2,557	95.0 bp −$47.5K

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 PERPlong	−0.3798%	1h	0.2931	long leg	$3K	$205K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.3017	+2.942%	$17K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.3018	+2.983%	$288K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3018	+2.972%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.3017	+2.950%	$18K	—	150x	as long as short
dYdX JUP-USD	+0.0041%	1h	0.3018	+2.985%	$40K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3015	+2.875%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.3020	+3.023%	$778K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.3018	+2.966%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3015	+2.874%	$588K	$483K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.3021	+3.084%	$18.7M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3015	+2.852%	$102K	$297K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3017	+2.934%	$16.8M	$37.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3015	+2.866%	$16.3M	$16.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.3018	+2.968%	$4.2M	$10.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3016	+2.900%	$63K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3016	+2.900%	$714K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3016	+2.900%	$8.0M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3018	+2.968%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3019	+3.002%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.3016	+2.900%	—	$20.5M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3017	+2.944%	$1.0M	$213K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3013	+2.798%	$728K	$470K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3011	+2.729%	$1.7M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3010	+2.695%	$166K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3018	+2.968%	$95K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3018	+2.968%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3010	+2.695%	$114K	$51K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3021	+3.071%	$2.9M	$2.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3015	+2.856%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0192%	1h	0.3018	+2.976%	$2.2M	$543K	25x	as long as short
01 Exchange JUPUSD	+0.0248%	1h	0.3021	+3.067%	$27K	$2K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0271%	1h	0.3019	+3.008%	$593K	$397K	20x	as long as short
Phoenix JUP	+0.0272%	1h	0.3019	+2.999%	$109K	$275K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.3041	+3.743%	$78K	$52K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3011	+2.729%	$832K	$384K	50x	as long as short