Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against BingX+0.017%7-day average — · you sell dearer than you buy

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

Long on BingX Short on gTrade (Gains Network)

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2950	0.0100	pay 0.0050% / 4h	1h 26m	—	$20.9M	—
Short	gTrade (Gains Network) JUP/USD	0.2950	L +0.0002% / S −0.0001%	get 0.0000% / 1h	26m 09s	$17K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.017%Rate

Funding earned: −$20.76
Price spread: +0.017% → 0.000%: $1.66
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; gTrade (Gains Network): 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 BingX live order book, 2 min ago	1.70 bp	7.8 bp −$8	11.2 bp −$112	22.8 bp −$2,282	124.8 bp −$62.4K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.3508%	1h	0.2911	−1.322%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2951	+0.049%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2950	+0.015%	$281K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2950	−0.011%	$599K	$617K	20x	as long as short
01 Exchange JUPUSD	−0.0072%	1h	0.2952	+0.058%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0020%	4h	0.2949	−0.034%	$741K	$1.9M	75x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2951	+0.047%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0002% / S −0.0001%	1h	0.2950	+0.017%	$17K	—	150x
Bybit JUPUSDT	+0.0050%	4h	0.2946	−0.132%	$16.1M	$23.4M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2949	−0.038%	—	—	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	+0.0067%	8h	0.2948	−0.083%	$9K	$13K	10x	as long as short
dYdX JUP-USD	+0.0091%	1h	0.2954	+0.122%	$39K	$35K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2951	+0.024%	$791K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2947	−0.093%	$611K	$672K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2956	+0.197%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2951	+0.045%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2949	−0.023%	$16.3M	$55.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	−0.102%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2950	0.000%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2951	+0.034%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2948	−0.068%	$5.6M	$8.3M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2950	long leg	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2954	+0.129%	$977K	$258K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2939	−0.368%	$711K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.019%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2949	−0.034%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.176%	$93K	$133K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	+0.034%	$31K	$50K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2942	−0.271%	$110K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2951	+0.034%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2941	−0.290%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2949	−0.043%	$2.2M	$503K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	−0.034%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0137%	4h	0.2953	+0.102%	$850K	$324K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2955	+0.163%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.339%	$74K	$93K	50x	as long as short