Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.098%

Price spread now: OKX against Extended+0.002%7-day average −0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.800%−$80 on $10k

Price spread, last 7 days−0.145%−$14 · spread now +0.002%, 7d avg −0.076%

Together, before fees−0.945%+ Points / potential airdropExtended: Active · farm board−$94 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.078% dearer against Extended than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.076%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.800% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2959	0.0208	pay 0.0026% / 1h	8m 45s	$2.2M	$541K	25x
Short	OKX JUP-USDT-SWAP	0.2959	0.0100	get 0.0050% / 4h	2h 08m	$4.1M	$16.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Extended. 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 ExtendedbpFee OKXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$22.68
Price spread: +0.002% → −0.076%: $7.76
Slippage, 4 orders: −$38.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$68.47
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; OKX: live order book, 5 min ago.

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 Extended live order book, 5 min ago	5.04 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.69 bp	16.8 bp −$17	59.3 bp −$593	doesn't fit	doesn't fit

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	−0.843%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0894% / S +0.0334%	1h	0.2961	+0.058%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0189%	1h	0.2962	+0.103%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0119%	4h	0.2958	−0.032%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0016%	4h	0.2957	−0.066%	$735K	$2.0M	75x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2958	−0.029%	$26K	$19K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2963	+0.127%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2961	+0.059%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2961	+0.059%	$600K	$624K	20x	as long as short
dYdX JUP-USD	+0.0029%	1h	0.2961	+0.061%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	−0.067%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2958	−0.017%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	+0.113%	$833K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	−0.085%	$723K	$1.2M	—	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	−0.066%	$595K	$665K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.181%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.105%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2959	−0.011%	$282K	$179K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	+0.019%	$16.3M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2959	+0.002%	$4.1M	$16.7M	50x
MEXC JUP_USDT	+0.0100%	4h	0.2960	+0.035%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.069%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	+0.002%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	+0.002%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2961	+0.069%	$980K	$266K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2959	−0.005%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	+0.035%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2963	+0.143%	$94K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	+0.103%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.269%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.272%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.049%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.015%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0123%	4h	0.2960	+0.035%	$858K	$332K	50x	as long as short
Extended JUP-USDlong	+0.0208%	1h	0.2959	long leg	$2.2M	$541K	25x
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+1.032%	$74K	$95K	50x	as long as short