Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.022%

Price spread now: OKX against Aevo+0.027%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on OKX

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 pays, funding is against you. OKX is 0.027% dearer against Aevo than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo JUP-PERP	0.2941	0.0104	pay 0.0013% / 1h	59m 02s	$40K	—	3x
Short	OKX JUP-USDT-SWAP	0.2942	−0.0003	pay 0.0001% / 4h	1h 59m	$4.0M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Aevo. 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 AevobpFee OKXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$22.44
Price spread: +0.027% → 0.000%: $2.69
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$45.75
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	1.70 bp	14.3 bp −$14	53.8 bp −$538	doesn't fit	doesn't fit

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 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	−0.5000%	1h	0.2916	−0.857%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2945	+0.123%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2943	+0.071%	$16K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0158%	1h	0.2943	+0.068%	$54K	$16K	10x	as long as short
Bybit JUPUSDT	−0.0026%	4h	0.2942	+0.027%	$15.8M	$19.4M	50x	as long as short
OKX JUP-USDT-SWAPshort	−0.0003%	4h	0.2942	+0.027%	$4.0M	$12.8M	50x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2945	+0.140%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0048%	1h	0.2945	+0.136%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2942	+0.027%	—	—	20x	as long as short
dYdX JUP-USD	+0.0072%	1h	0.2947	+0.214%	$38K	$28K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0075%	4h	0.2942	+0.043%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2945	+0.113%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2947	+0.200%	$779K	$1.1M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2943	+0.078%	$595K	$514K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2947	+0.190%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2945	+0.133%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2944	+0.087%	$16.2M	$44.1M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2944	+0.095%	$731K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2944	+0.095%	$7.3M	$6.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2945	+0.129%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	+0.163%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2943	+0.061%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2945	+0.119%	$975K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.333%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	+0.163%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2948	+0.244%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2944	+0.095%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2937	−0.143%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2949	+0.265%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.333%	$61K	$8K	10x	as long as short
Aevo JUP-PERPlong	+0.0104%	1h	0.2941	long leg	$40K	—	3x
Phoenix JUP	+0.0188%	1h	0.2950	+0.306%	$97K	$328K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2945	+0.134%	$588K	$500K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2947	+0.207%	$74K	$49K	50x	as long as short
Extended JUP-USD	+0.0392%	1h	0.2944	+0.097%	$2.2M	$490K	25x	as long as short