Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.045%

Price spread now: Deribit against Binance+0.040%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

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. Deribit is 0.040% dearer against Binance than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JUPUSDT	0.2943	0.0100	pay 0.0050% / 4h	3h 01m	$16.1M	$39.5M	75x
Short	Deribit JUP_USDC-PERPETUAL	0.2944	0	get 0.0000% / 1h	1m 06s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$21
Price spread: +0.040% → 0.000%: $4.04
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.96
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; 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 Binance live order book, 11 min ago	1.69 bp	13.7 bp −$14	32.4 bp −$324	300.0 bp −$30.0K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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 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	−0.850%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2943	+0.004%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2944	+0.024%	$280K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2944	+0.050%	$38K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2944	+0.040%	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2944	+0.025%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	+0.034%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2946	+0.108%	$777K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2944	+0.018%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2942	−0.026%	$593K	$487K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2946	+0.102%	$18.5M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2944	+0.029%	$110K	$273K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2943	long leg	$16.1M	$39.5M	75x
Bybit JUPUSDT	+0.0100%	4h	0.2941	−0.075%	$15.8M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2943	0.000%	$4.1M	$11.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2947	+0.136%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2943	0.000%	$731K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2944	+0.034%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2945	+0.068%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2943	0.000%	$5.7M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2943	0.000%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2944	+0.034%	$972K	$187K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2939	−0.137%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.271%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	+0.102%	$162K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.237%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2943	0.000%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2936	−0.238%	$110K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2946	+0.102%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2941	−0.071%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2945	+0.078%	$26K	$17K	5x	as long as short
Extended JUP-USD	+0.0176%	1h	0.2942	−0.027%	$2.2M	$507K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2946	+0.089%	$585K	$470K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2947	+0.122%	$97K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2968	+0.842%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2943	0.000%	$829K	$377K	50x	as long as short