Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.002%

Price spread now: 01 Exchange against Bybit+0.230%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on 01 Exchange

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and 01 Exchange is 0.230% dearer against Bybit than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2908	0.0100	pay 0.0050% / 4h	2h 34m	$15.7M	$17.8M	50x
Short	01 Exchange JUPUSD	0.2915	0.0136	get 0.0017% / 1h	34m 21s	$26K	$10K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Bybit. 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 BybitbpFee 01 ExchangebpOrdersPrice spread, now +0.230%Rate

Funding earned: $7.56
Price spread: +0.230% → 0.000%: $23.04
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $12.6
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Bybit: live order book, 9 min ago; 01 Exchange: 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 Bybit live order book, 9 min ago	1.71 bp	13.1 bp −$13	40.2 bp −$402	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.4499%	1h	0.2910	+0.069%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2911	+0.120%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2914	+0.198%	$278K	$145K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2911	+0.107%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2912	+0.133%	—	—	150x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2917	+0.293%	$39K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2911	+0.088%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2917	+0.303%	$769K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2914	+0.195%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2914	+0.206%	$577K	$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	0.2916	+0.261%	$18.3M	$8.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2914	+0.210%	$108K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2910	+0.069%	$15.9M	$39.3M	75x	as long as short
Bybit JUPUSDTlong	+0.0100%	4h	0.2908	long leg	$15.7M	$17.8M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2912	+0.138%	$4.0M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2938	+1.032%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2912	+0.138%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2913	+0.172%	$7.0M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2915	+0.241%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2911	+0.103%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2911	+0.103%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2923	+0.502%	$966K	$189K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2917	+0.311%	$712K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2919	+0.388%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2917	+0.309%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2916	+0.285%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2912	+0.138%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2913	+0.172%	$109K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2929	+0.722%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2909	+0.044%	$40K	—	3x	as long as short
01 Exchange JUPUSDshort	+0.0136%	1h	0.2915	+0.230%	$26K	$10K	5x
Extended JUP-USD	+0.0192%	1h	0.2912	+0.154%	$2.2M	$524K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2926	+0.634%	$581K	$458K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2921	+0.444%	$98K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+2.056%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2922	+0.481%	$833K	$377K	50x	as long as short