Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0156%/8h= −17.0% APRpaid last 24h −0.162%

Price spread now: Bybit against 01 Exchange−0.114%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.114% cheaper against 01 Exchange than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2973	0.0200	pay 0.0025% / 1h	22m 42s	$26K	$19K	5x
Short	Bybit JUPUSDT	0.2970	0.0044	get 0.0022% / 4h	1h 22m	$15.9M	$19.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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 01 ExchangebpFee BybitbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$32.66
Price spread: −0.114% → 0.000%: −$11.43
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.1
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 1 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	1.68 bp	13.4 bp −$13	39.5 bp −$395	269.6 bp −$27.0K	doesn't fit

01 Exchange: 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	0.2918	−1.863%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2972	−0.033%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2970	−0.106%	$283K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2973	−0.003%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2971	−0.073%	—	—	150x	as long as short
Bybit JUPUSDTshort	+0.0044%	4h	0.2970	−0.114%	$15.9M	$19.1M	50x
Reya JUPRUSDPERP	+0.0057%	1h	0.2971	−0.090%	—	—	20x	as long as short
OKX JUP-USDT-SWAP	+0.0083%	4h	0.2973	−0.013%	$4.1M	$12.4M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2976	+0.091%	$786K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2972	−0.063%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2968	−0.165%	$600K	$507K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2976	+0.077%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2972	−0.048%	$115K	$297K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	−0.032%	$16.4M	$42.7M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2958	−0.518%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2969	−0.148%	$741K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2972	−0.047%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2971	−0.081%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2972	−0.047%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2973	−0.013%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2972	−0.054%	$987K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2954	−0.656%	$721K	$697K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	−0.619%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.451%	$157K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2974	+0.030%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2972	−0.047%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.283%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.054%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2970	−0.098%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0109%	1h	0.2968	−0.168%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2972	−0.032%	$595K	$488K	20x	as long as short
01 Exchange JUPUSDlong	+0.0200%	1h	0.2973	long leg	$26K	$19K	5x
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2972	−0.044%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2961	−0.420%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2973	−0.013%	$850K	$382K	50x	as long as short
Extended JUP-USD	+0.0384%	1h	0.2971	−0.090%	$2.2M	$495K	25x	as long as short