Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.025%

Price spread now: Deribit against OKX+0.037%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.037% dearer against OKX than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.2 days. At the pace of the last 7 days (−0.176% in total) that is about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX JUP-USDT-SWAP	0.3001	0.0015	pay 0.0007% / 4h	3h 42m	$4.1M	$16.1M	50x
Short	Deribit JUP_USDC-PERPETUAL	0.3002	0	get 0.0000% / 1h	42m 38s	$55K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$3.13
Price spread: +0.037% → 0.000%: $3.67
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$16.47
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: 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 OKX live order book, 1 min ago	1.67 bp	14.8 bp −$15	64.0 bp −$640	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	−0.4634%	1h	0.2959	−1.400%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3003	+0.082%	$286K	$150K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3002	+0.027%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3002	+0.020%	$604K	$542K	20x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.3002	+0.037%	$55K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3001	+0.014%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAPlong	+0.0015%	4h	0.3001	long leg	$4.1M	$16.1M	50x
01 Exchange JUPUSD	+0.0024%	1h	0.2995	−0.187%	$26K	$19K	5x	as long as short
dYdX JUP-USD	+0.0029%	1h	0.3005	+0.117%	$39K	$32K	5x	as long as short
BloFin JUP-USDT	+0.0052%	4h	0.3003	+0.067%	$851K	$318K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.3000	−0.049%	—	—	20x	as long as short
Variational Omni JUP	+0.0076%	4h	0.2985	−0.532%	$723K	$776K	—	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.3003	+0.069%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3005	+0.123%	$756K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3002	+0.033%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3000	−0.042%	$622K	$639K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3008	+0.237%	$19.3M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3004	+0.101%	$116K	$336K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3003	+0.081%	$16.5M	$50.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3002	+0.033%	$16.4M	$21.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2987	−0.461%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3002	+0.033%	$755K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3001	0.000%	$8.2M	$7.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3005	+0.133%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3003	+0.067%	$5.9M	$7.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3002	+0.033%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3003	+0.080%	$994K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	−0.400%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2984	−0.566%	$159K	$312K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3003	+0.067%	$95K	$116K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2982	−0.633%	$112K	$57K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3004	+0.100%	$2.9M	$3.8M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3001	0.000%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.3000	−0.038%	$2.2M	$492K	25x	as long as short
Phoenix JUP	+0.0214%	1h	0.2989	−0.390%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3000	−0.027%	$75K	$89K	50x	as long as short