Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h −0.044%

Price spread now: Deribit against Orderly0.000%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs 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: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_JUP_USDC	0.2949	0.0100	pay 0.0050% / 4h	2h 09m	$31K	$43K	10x
Short	Deribit JUP_USDC-PERPETUAL	0.2949	−0.0055	pay 0.0007% / 1h	9m 04s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Orderly. 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 OrderlybpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$32.57
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.57
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Orderly and 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 35 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	−0.4347%	1h	0.2917	−1.085%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2949	−0.015%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2949	−0.002%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0149%	4h	0.2947	−0.068%	$15.8M	$19.7M	50x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0055%	1h	0.2949	0.000%	$54K	$16K	10x
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2951	+0.051%	$589K	$506K	20x	as long as short
OKX JUP-USDT-SWAP	−0.0013%	4h	0.2947	−0.068%	$4.0M	$13.3M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2950	+0.026%	—	—	150x	as long as short
Variational Omni JUP	+0.0026%	4h	0.2953	+0.135%	$721K	$750K	—	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2949	0.000%	$736K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2947	−0.076%	—	—	20x	as long as short
dYdX JUP-USD	+0.0070%	1h	0.2949	+0.014%	$39K	$28K	5x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2948	−0.023%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2952	+0.088%	$780K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2946	−0.102%	$596K	$528K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	+0.085%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2950	+0.041%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	+0.034%	$16.3M	$44.8M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2956	+0.237%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	0.000%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	+0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	0.000%	$5.7M	$6.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	−0.034%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2949	+0.003%	$976K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+0.373%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.203%	$157K	$285K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.031%	$93K	$109K	10x	as long as short
Orderly PERP_JUP_USDClong	+0.0100%	4h	0.2949	long leg	$31K	$43K	10x
HTX JUP-USDT	+0.0100%	4h	0.2941	−0.271%	$111K	$48K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	+0.170%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.051%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2948	−0.041%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2954	+0.173%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	+0.159%	$74K	$51K	50x	as long as short
Extended JUP-USD	+0.0456%	1h	0.2948	−0.050%	$2.2M	$487K	25x	as long as short