Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.3528%/8h= +386.3% APRpaid last 24h +0.471%

Price spread now: Gate against Injective+1.300%7-day average +2.090% · you sell dearer than you buy

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+2.224%+$222 on $10k

Price spread, last 3 days (all we have)−0.814%−$81 · spread now +1.300%, 7d avg +2.090%

Together, before fees+1.410%+$141 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.790% cheaper against Injective than usual: you would sell low and buy high (spread +1.300% now, against its 7-day average of +2.090%). If the spread goes back, that is −$79 on $10k: about 18 hours of funding at the current rate (+$106 a day). At the pace of the last 7 days (+2.224% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.224% in total (about 116.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective JUP/USDC PERP	0.2923	−0.3508	get 0.0439% / 1h	2m 39s	$3K	$206K	5.5x
Short	Gate JUP_USDT	0.2961	0.0020	get 0.0010% / 4h	1h 02m	$747K	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +1.300%Rate

Funding earned: $740.89
Price spread: +1.300% → +2.090%: −$78.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $646.9
Costs to cover: 0.150%
Break-even: 0.9 days

Slippage unknown: Injective: live order book, 16 min ago; Gate: live order book, 5 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, 16 min ago	71.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.38 bp	30.4 bp −$30	100.8 bp −$1,008	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 PERPlong	−0.3508%	1h	0.2923	long leg	$3K	$206K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2960	+1.260%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2962	+1.340%	$282K	$169K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2963	+1.368%	$601K	$618K	20x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2964	+1.410%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+1.266%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2961	+1.304%	$17K	—	150x	as long as short
Gate JUP_USDTshort	+0.0020%	4h	0.2961	+1.300%	$747K	$1.9M	75x
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	+1.158%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0063%	4h	0.2961	+1.293%	$16.2M	$23.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0077%	8h	0.2961	+1.310%	$9K	$13K	10x	as long as short
Backpack JUP_USDC_PERP	+0.0082%	1h	0.2961	+1.314%	$980K	$254K	10x	as long as short
BloFin JUP-USDT	+0.0088%	4h	0.2958	+1.197%	$842K	$327K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2965	+1.433%	$795K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	+1.180%	$612K	$669K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2967	+1.505%	$19.1M	$13.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	+1.397%	$107K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2963	+1.368%	$16.3M	$54.1M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2959	+1.232%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+1.026%	$57K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	+1.368%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2964	+1.403%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+1.300%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2963	+1.368%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	+1.132%	$714K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	+1.324%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	+1.197%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+1.416%	$93K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+1.300%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	+1.197%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+1.540%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	+1.266%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0122%	1h	0.2965	+1.423%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2962	+1.317%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2960	+1.263%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2964	+1.403%	$74K	$94K	50x	as long as short