Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h −0.349%

Price spread now: GRVT against 01 Exchange+0.112%56s7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.112% dearer against 01 Exchange than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2969	−0.0024	get 0.0003% / 1h	12m 00s	$26K	$19K	5x
Short	GRVT JUP_USDT_Perp	0.2973	0.0100	get 0.0050% / 4h	12m 00s	$1.6M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.112%Rate

Funding earned: $26.04
Price spread: +0.112% → 0.000%: $11.21
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $21.25
Costs to cover: 0.160%
Break-even: 1.3 days

Slippage unknown: 01 Exchange: no order-book sample; GRVT: live order book, 2 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 GRVT live order book, 2 min ago	1.68 bp	15.9 bp −$16	35.7 bp −$357	doesn't fit	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	−0.4371%	1h	0.2938	−1.051%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2972	+0.091%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2970	+0.037%	$599K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2971	+0.054%	$283K	$165K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0120%	1h	0.2972	+0.084%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0064%	4h	0.2968	−0.040%	$16.2M	$22.1M	50x	as long as short
01 Exchange JUPUSDlong	−0.0024%	1h	0.2969	long leg	$26K	$19K	5x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	+0.093%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0040%	4h	0.2967	−0.074%	$739K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	−0.012%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0057%	4h	0.2969	−0.004%	$719K	$828K	—	as long as short
dYdX JUP-USD	+0.0058%	1h	0.2972	+0.079%	$39K	$33K	5x	as long as short
OKX JUP-USDT-SWAP	+0.0066%	4h	0.2967	−0.074%	$4.0M	$16.2M	50x	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2970	+0.021%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.064%	$794K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	+0.061%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2969	+0.002%	$614K	$650K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2973	+0.125%	$19.1M	$13.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	+0.027%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	−0.077%	$16.3M	$52.1M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2975	+0.199%	$62K	$10K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	−0.007%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2971	+0.061%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2968	−0.040%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	−0.074%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2970	+0.017%	$983K	$235K	10x	as long as short
GRVT JUP_USDT_Perpshort	+0.0100%	4h	0.2973	+0.112%	$1.6M	$3.7M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2970	+0.027%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2978	+0.283%	$94K	$121K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.175%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2973	+0.128%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2969	−0.024%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0143%	4h	0.2969	−0.007%	$846K	$304K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2971	+0.071%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0176%	1h	0.2968	−0.026%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.296%	$74K	$91K	50x	as long as short