Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.063%

Price spread now: Extended against BingX−0.044%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs+$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.734%+$73 on $10k

Price spread, last 7 days+0.176%+$18 · spread now −0.044%, 7d avg +0.054%

Together, before fees+0.910%+ Points / potential airdropExtended: Active · farm board+$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.097% cheaper against BingX than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.054%). If the spread goes back, that is −$10 on $10k: about 7.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.734% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2925	0.0100	pay 0.0050% / 4h	2h 16m	—	$20.6M	—
Short	Extended JUP-USD	0.2924	0.0144	get 0.0018% / 1h	16m 59s	$2.2M	$556K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.044%Rate

Funding earned: $9.24
Price spread: −0.044% → +0.054%: −$9.71
Slippage, 4 orders: −$23.24
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$38.72
Costs to cover: 0.382%
Break-even: 36.3 days

Slippage from BingX: live order book, 7 min ago; Extended: live order book, 2 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 BingX live order book, 7 min ago	1.73 bp	6.7 bp −$7	8.8 bp −$88	21.0 bp −$2,101	56.1 bp −$28.1K
Sell Extended live order book, 2 min ago	6.82 bp	12.2 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	−0.4499%	1h	0.2882	−1.470%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2924	−0.019%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2929	+0.135%	$279K	$141K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2926	+0.021%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2926	+0.027%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2929	+0.153%	$39K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2927	+0.053%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2927	+0.055%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2930	+0.161%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2929	+0.128%	$580K	$493K	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	0.2926	+0.031%	$18.1M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2926	+0.043%	$107K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2925	−0.011%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2923	−0.058%	$15.8M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2925	0.000%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.889%	$60K	$280	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2924	−0.034%	$718K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2924	−0.034%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2926	+0.034%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2925	0.000%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2925	long leg	—	$20.6M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2925	−0.007%	$966K	$192K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2909	−0.547%	$706K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2929	+0.137%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2926	+0.034%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2930	+0.168%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2924	−0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2916	−0.308%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2926	+0.018%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2931	+0.212%	$26K	$10K	5x	as long as short
Extended JUP-USDshort	+0.0144%	1h	0.2924	−0.044%	$2.2M	$556K	25x
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2927	+0.057%	$577K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2905	−0.677%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2933	+0.287%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2927	+0.068%	$817K	$376K	50x	as long as short
Phemex JUPUSDT	+0.0562%	4h	0.2930	+0.171%	$2.9M	$3.1M	50x	as long as short