Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h +0.001%

Price spread now: Bulk against BloFin−0.195%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bulk is 0.195% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JUP-USDT	0.2971	0.0340	pay 0.0170% / 4h	1h 32m	$843K	$370K	50x
Short	Bulk JUP-USD	0.2965	0.0100	get 0.0013% / 1h	32m 49s	$62K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against BloFin. 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 BloFinbpFee BulkbpOrdersPrice spread, now −0.195%Rate

Funding earned: −$50.4
Price spread: −0.195% → 0.000%: −$19.52
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$88.92
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 9 min ago; Bulk: 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 BloFin live order book, 9 min ago	3.40 bp	16.3 bp −$16	28.4 bp −$284	154.5 bp −$15.5K	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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	−1.784%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2970	−0.049%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2967	−0.134%	$283K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2971	−0.010%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2969	−0.051%	—	—	150x	as long as short
Bybit JUPUSDT	+0.0010%	4h	0.2966	−0.175%	$15.9M	$19.2M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0054%	4h	0.2966	−0.168%	$4.1M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	−0.059%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0076%	1h	0.2971	−0.013%	$986K	$255K	10x	as long as short
dYdX JUP-USD	+0.0083%	1h	0.2966	−0.154%	$39K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2973	+0.074%	$786K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2969	−0.053%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2969	−0.067%	$601K	$509K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2970	−0.034%	$18.9M	$9.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	−0.018%	$115K	$298K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2968	−0.086%	$16.4M	$43.2M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2969	−0.067%	$741K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2968	−0.101%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2970	−0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2968	−0.101%	$5.8M	$6.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2968	−0.101%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	−0.205%	$723K	$698K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2968	−0.089%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.168%	$157K	$267K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2973	+0.081%	$94K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2969	−0.067%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2963	−0.269%	$112K	$48K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.135%	$2.9M	$3.3M	50x	as long as short
Bulk JUP-USDshort	+0.0100%	1h	0.2965	−0.195%	$62K	$8K	10x
Aevo JUP-PERP	+0.0104%	1h	0.2968	−0.104%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0192%	1h	0.2972	+0.034%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2971	−0.013%	$593K	$494K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2967	−0.138%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2972	+0.030%	$98K	$329K	10x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2971	long leg	$843K	$370K	50x
Extended JUP-USD	+0.0360%	1h	0.2969	−0.079%	$2.2M	$493K	25x	as long as short