Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h −1.317%

Price spread now: BloFin against dYdX−0.093%92s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.093% cheaper against dYdX than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.2961	0.0027	pay 0.0003% / 1h	5m 36s	$39K	$36K	5x
Short	BloFin JUP-USDT	0.2958	0.0133	get 0.0067% / 4h	2h 05m	$858K	$332K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.093%Rate

Funding earned: $22.24
Price spread: −0.093% → 0.000%: −$9.33
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.1
Costs to cover: 0.220%
Break-even: 9.9 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 16 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 16 min ago	1.68 bp	11.6 bp −$12	19.1 bp −$191	66.0 bp −$6,603	doesn't fit

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	−0.5000%	1h	0.2934	−0.904%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0894% / S +0.0334%	1h	0.2957	−0.123%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0358%	1h	0.2956	−0.147%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0167%	4h	0.2951	−0.330%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0044%	4h	0.2954	−0.228%	$734K	$2.0M	75x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2954	−0.222%	$26K	$19K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2963	+0.065%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2958	−0.105%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2958	−0.104%	$600K	$624K	20x	as long as short
dYdX JUP-USDlong	+0.0027%	1h	0.2961	long leg	$39K	$36K	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	−0.300%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0080%	8h	0.2954	−0.216%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	−0.117%	$828K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	−0.146%	$723K	$1.2M	—	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.313%	$594K	$669K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	−0.056%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	−0.127%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2955	−0.202%	$282K	$179K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2953	−0.262%	$16.3M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	−0.296%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	−0.127%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2958	−0.093%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2952	−0.296%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	−0.195%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2956	−0.151%	$978K	$263K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	+0.009%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.026%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	−0.097%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2957	−0.127%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2956	−0.161%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2961	+0.008%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.110%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	−0.228%	$40K	—	3x	as long as short
BloFin JUP-USDTshort	+0.0133%	4h	0.2958	−0.093%	$858K	$332K	50x
Extended JUP-USD	+0.0192%	1h	0.2954	−0.241%	$2.2M	$541K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.971%	$74K	$94K	50x	as long as short