Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: BingX against gTrade (Gains Network)−0.043%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 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. BingX is 0.043% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.2956	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	18m 10s	$17K	—	150x
Short	BingX JUP-USDT	0.2955	0.0100	get 0.0050% / 4h	1h 18m	—	$20.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $20.66
Price spread: −0.043% → 0.000%: −$4.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$3.67
Costs to cover: 0.200%
Break-even: 8.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 10 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	1.70 bp	6.7 bp −$7	11.0 bp −$110	24.5 bp −$2,448	81.6 bp −$40.8K

gTrade (Gains Network): 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	−1.532%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2955	−0.042%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2961	+0.163%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2954	−0.075%	$600K	$614K	20x	as long as short
01 Exchange JUPUSD	−0.0024%	1h	0.2961	+0.160%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2956	−0.023%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0002% / S −0.0001%	1h	0.2956	long leg	$17K	—	150x
Gate JUP_USDT	+0.0012%	4h	0.2957	+0.024%	$746K	$1.9M	75x	as long as short
BloFin JUP-USDT	+0.0047%	4h	0.2962	+0.193%	$847K	$325K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	−0.158%	—	—	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	+0.0073%	8h	0.2961	+0.164%	$9K	$13K	10x	as long as short
Bybit JUPUSDT	+0.0094%	4h	0.2952	−0.145%	$16.2M	$23.3M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	+0.035%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.060%	$612K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.122%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	+0.020%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2954	−0.077%	$16.3M	$54.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	−0.145%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.092%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2955	−0.043%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2958	+0.058%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	−0.077%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2955	−0.043%	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2955	−0.037%	$978K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2955	−0.056%	$714K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+0.118%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2957	+0.024%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.298%	$93K	$132K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	−0.009%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2948	−0.280%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2959	+0.092%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	−0.122%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0137%	1h	0.2961	+0.146%	$39K	$35K	5x	as long as short
Extended JUP-USD	+0.0160%	1h	0.2952	−0.156%	$2.2M	$503K	25x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.133%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2959	+0.109%	$74K	$94K	50x	as long as short