Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0217%/8h= −23.7% APRpaid last 24h −0.046%

Price spread now: BloFin against Coinbase International+0.047%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

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. BloFin is 0.047% dearer against Coinbase International than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.151%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.151% in total (about 7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JUP-PERP-INTX	0.2961	0.0264	pay 0.0033% / 1h	19m 15s	$74K	$93K	50x
Short	BloFin JUP-USDT	0.2962	0.0047	get 0.0024% / 4h	1h 19m	$847K	$325K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$45.48
Price spread: +0.047% → 0.000%: $4.73
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.75
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 63 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BloFin live order book, 63 min ago	1.68 bp	11.6 bp −$12	19.1 bp −$191	66.0 bp −$6,603	doesn't fit

Coinbase International: 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	−1.675%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2962	+0.042%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2956	−0.146%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2960	−0.026%	$601K	$614K	20x	as long as short
01 Exchange JUPUSD	−0.0024%	1h	0.2961	0.000%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2962	+0.037%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2961	+0.028%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0006%	4h	0.2958	−0.088%	$747K	$1.9M	75x	as long as short
BloFin JUP-USDTshort	+0.0047%	4h	0.2962	+0.047%	$847K	$325K	50x
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.075%	—	—	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	+0.0072%	8h	0.2956	−0.161%	$9K	$13K	10x	as long as short
Bybit JUPUSDT	+0.0091%	4h	0.2957	−0.115%	$16.2M	$23.3M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	+0.061%	$794K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	−0.122%	$612K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.128%	$19.1M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.034%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	−0.018%	$16.3M	$54.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2959	−0.054%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	−0.054%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2961	+0.014%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.081%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	−0.054%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	−0.054%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2961	+0.003%	$980K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2955	−0.202%	$714K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	−0.028%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2957	−0.122%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2963	+0.091%	$93K	$132K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+0.014%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2949	−0.392%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2965	+0.149%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.060%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0139%	1h	0.2958	−0.092%	$39K	$35K	5x	as long as short
Extended JUP-USD	+0.0152%	1h	0.2958	−0.090%	$2.2M	$503K	25x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	−0.014%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0264%	1h	0.2961	long leg	$74K	$93K	50x