Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%

Price spread now: Aevo against Phemex−0.342%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aevo

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.342% cheaper against Phemex than usual: you would sell low and buy high, −$34 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.2967	0.0100	pay 0.0050% / 4h	2h 38m	$2.9M	$4.1M	50x
Short	Aevo JUP-PERP	0.2957	0.0104	get 0.0013% / 1h	38m 58s	$40K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.342%Rate

Funding earned: $0.84
Price spread: −0.342% → 0.000%: −$34.24
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$61.4
Costs to cover: 0.280%
Break-even: 518.7 days

Slippage unknown: Phemex: live order book, 5 min ago; Aevo: 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 Phemex live order book, 5 min ago	3.37 bp	21.7 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.5000%	1h	0.2929	−1.281%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0751% / S +0.0259%	1h	0.2961	−0.209%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0344%	4h	0.2956	−0.371%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0256%	1h	0.2960	−0.233%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0002%	4h	0.2960	−0.236%	$738K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2971	+0.148%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2963	−0.145%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2960	−0.240%	$601K	$623K	20x	as long as short
dYdX JUP-USD	+0.0013%	1h	0.2970	+0.098%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2962	−0.155%	$26K	$19K	5x	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	0.2958	−0.308%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0067%	1h	0.2959	−0.266%	$981K	$268K	10x	as long as short
BloFin JUP-USDT	+0.0085%	4h	0.2962	−0.169%	$863K	$328K	50x	as long as short
Variational Omni JUP	+0.0089%	4h	0.2965	−0.067%	$725K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2966	−0.023%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	−0.165%	$891K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2962	−0.169%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2960	−0.236%	$597K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2963	−0.142%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	−0.158%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2967	−0.010%	$283K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	−0.303%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	−0.337%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	−0.303%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	−0.169%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	−0.404%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	−0.303%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2970	+0.090%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.034%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	−0.108%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.236%	$111K	$69K	20x	as long as short
Phemex JUPUSDTlong	+0.0100%	4h	0.2967	long leg	$2.9M	$4.1M	50x
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.051%	$58K	$4K	10x	as long as short
Aevo JUP-PERPshort	+0.0104%	1h	0.2957	−0.342%	$40K	—	3x
Extended JUP-USD	+0.0248%	1h	0.2956	−0.365%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.698%	$74K	$95K	50x	as long as short