Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.068%

Price spread now: Deribit against BloFin−0.254%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.570%−$57 on $10k

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 −$10 a day on $10k at the current rate, and Deribit is 0.254% cheaper against BloFin than usual: you would sell low and buy high (−$25 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	0.3026	0.0340	pay 0.0170% / 4h	3h 00m	$840K	$385K	50x
Short	Deribit JUP_USDC-PERPETUAL	0.3018	0	get 0.0000% / 1h	0m 30s	$54K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.254%Rate

Funding earned: −$71.4
Price spread: −0.254% → 0.000%: −$25.45
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$115.85
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 11 min ago; Deribit: 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, 11 min ago	6.66 bp	13.5 bp −$13	23.8 bp −$238	100.0 bp −$10.0K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.3798%	1h	0.3025	−0.033%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.3017	−0.291%	$17K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.3020	−0.190%	$288K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.3018	−0.254%	$54K	$8K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.3023	−0.094%	$18K	—	150x	as long as short
dYdX JUP-USD	+0.0037%	1h	0.3020	−0.183%	$40K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3015	−0.374%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.3023	−0.093%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.3019	−0.228%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3020	−0.207%	$589K	$480K	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	0.3027	+0.046%	$18.7M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3023	−0.097%	$106K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3022	−0.132%	$16.8M	$37.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3019	−0.231%	$16.4M	$16.6M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.3023	−0.099%	$4.2M	$10.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3016	−0.330%	$63K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3021	−0.165%	$723K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3022	−0.132%	$8.1M	$5.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3023	−0.099%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3024	−0.066%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3021	−0.165%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3016	−0.340%	$1.0M	$211K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3011	−0.498%	$729K	$470K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3018	−0.264%	$1.7M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3018	−0.264%	$166K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3028	+0.063%	$95K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3023	−0.099%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3013	−0.430%	$114K	$51K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3025	−0.033%	$2.9M	$2.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3015	−0.347%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0168%	1h	0.3018	−0.251%	$2.2M	$543K	25x	as long as short
01 Exchange JUPUSD	+0.0240%	1h	0.3023	−0.112%	$27K	$2K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0271%	1h	0.3019	−0.235%	$593K	$397K	20x	as long as short
Phoenix JUP	+0.0272%	1h	0.3025	−0.046%	$109K	$275K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.3029	+0.109%	$77K	$52K	50x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.3026	long leg	$840K	$385K	50x