Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.068%

Price spread now: Extended against Binance−0.137%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.775%+$78 on $10k

Price spread, last 7 days+0.313%+$31 · spread now −0.137%, 7d avg +0.045%

Together, before fees+1.088%+ Points / potential airdropExtended: Active · farm board+$109 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.182% cheaper against Binance than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JUPUSDT	0.3020	0.0100	pay 0.0050% / 4h	3h 10m	$16.6M	$48.6M	75x
Short	Extended JUP-USD	0.3016	0.0104	get 0.0013% / 1h	10m 28s	$2.2M	$490K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0.84
Price spread: −0.137% → +0.045%: −$18.21
Slippage, 4 orders: −$33.01
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.37
Costs to cover: 0.480%
Break-even: 551.8 days

Slippage from Binance: live order book, 2 min ago; Extended: live order book, 3 min ago.

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, 2 min ago	1.66 bp	10.1 bp −$10	32.5 bp −$325	260.5 bp −$26.0K	doesn't fit
Sell Extended live order book, 3 min ago	6.60 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit

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	−0.4634%	1h	0.2985	−1.174%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3021	+0.010%	$288K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3014	−0.229%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3013	−0.238%	$607K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0082%	1h	0.3012	−0.267%	$55K	$16K	10x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.3021	+0.017%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0028%	4h	0.3016	−0.148%	$4.1M	$15.7M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3014	−0.202%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0046%	1h	0.3018	−0.066%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3017	−0.130%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0080%	8h	0.3021	+0.024%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3023	+0.084%	$757K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3013	−0.247%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3019	−0.040%	$624K	$626K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3023	+0.087%	$19.4M	$11.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3020	−0.019%	$116K	$328K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.3020	long leg	$16.6M	$48.6M	75x
Bybit JUPUSDT	+0.0100%	4h	0.3017	−0.122%	$16.5M	$20.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.645%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3018	−0.082%	$758K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3020	−0.016%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3018	−0.082%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3021	+0.017%	$5.9M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3018	−0.082%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3014	−0.231%	$997K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3010	−0.347%	$728K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3023	+0.084%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3016	−0.148%	$160K	$308K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3021	+0.027%	$95K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3011	−0.314%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3018	−0.082%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USDshort	+0.0104%	1h	0.3016	−0.137%	$2.2M	$490K	25x
Aevo JUP-PERP	+0.0104%	1h	0.3011	−0.327%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3019	−0.045%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3019	−0.059%	$75K	$60K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3014	−0.214%	$853K	$358K	50x	as long as short