Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +1.222%

Price spread now: dYdX against Bitget+0.088%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on dYdX

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. dYdX is 0.088% dearer against Bitget than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JUPUSDT	0.2940	0.0100	pay 0.0050% / 4h	1h 31m	$5.6M	$8.4M	75x
Short	dYdX JUP-USD	0.2943	0.0058	get 0.0007% / 1h	31m 39s	$38K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$8.73
Price spread: +0.088% → 0.000%: $8.8
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$21.93
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; dYdX: 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 Bitget live order book, 2 min ago	3.40 bp	11.0 bp −$11	29.8 bp −$298	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.2918	−0.748%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2945	+0.162%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2941	+0.019%	$280K	$172K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0177%	1h	0.2941	+0.047%	$598K	$619K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0157%	1h	0.2944	+0.150%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	−0.0096%	1h	0.2943	+0.092%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0030%	4h	0.2939	−0.034%	$735K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2946	+0.205%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0023%	4h	0.2938	−0.068%	$16.1M	$23.7M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2942	+0.071%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USDshort	+0.0058%	1h	0.2943	+0.088%	$38K	$35K	5x
Paradex JUP-USD-PERP	+0.0063%	8h	0.2940	+0.010%	$9K	$14K	10x	as long as short
BloFin JUP-USDT	+0.0093%	4h	0.2949	+0.306%	$848K	$323K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2943	+0.085%	$789K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2943	+0.085%	$610K	$672K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2945	+0.167%	$18.8M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	+0.102%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2940	+0.001%	$16.2M	$55.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2940	0.000%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2941	+0.034%	$7.7M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2942	+0.068%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.2940	long leg	$5.6M	$8.4M	75x
BingX JUP-USDT	+0.0100%	4h	0.2940	0.000%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2941	+0.037%	$973K	$259K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2943	+0.108%	$712K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2947	+0.224%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	+0.272%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2948	+0.282%	$93K	$134K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2944	+0.136%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2942	+0.068%	$110K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2948	+0.272%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.578%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2940	−0.009%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	+0.414%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2950	+0.327%	$94K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.684%	$74K	$93K	50x	as long as short