Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.043%

Price spread now: BloFin against gTrade (Gains Network)+0.004%50s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BloFin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 50 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	gTrade (Gains Network) JUP/USD	0.2926	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	1m 41s	—	—	150x
Short	BloFin JUP-USDT	0.2926	0.0340	get 0.0170% / 4h	1h 01m	$821K	$372K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.004%Rate

Funding earned: $71.17
Price spread: +0.004% → 0.000%: $0.44
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $49.62
Costs to cover: 0.220%
Break-even: 2.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 20 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 BloFin live order book, 20 min ago	1.70 bp	11.4 bp −$11	24.6 bp −$246	78.8 bp −$7,876	doesn't fit

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	−0.5000%	1h	0.2904	−0.747%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2926	−0.004%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2925	−0.021%	$279K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2925	−0.016%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S −0.0001%	1h	0.2926	long leg	—	—	150x
dYdX JUP-USD	+0.0031%	1h	0.2928	+0.088%	$39K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2924	−0.055%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2928	+0.073%	$758K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2924	−0.061%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2924	−0.047%	$570K	$490K	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	0.2927	+0.052%	$18.0M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2927	+0.054%	$106K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2925	−0.031%	$16.1M	$38.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2924	−0.064%	$15.8M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2925	−0.030%	$4.0M	$10.3M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2925	−0.030%	$698K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2926	+0.004%	$6.7M	$5.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2928	+0.073%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2926	+0.004%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2925	−0.030%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2925	−0.026%	$968K	$225K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2934	+0.277%	$711K	$531K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	+0.278%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2934	+0.278%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2929	+0.107%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2926	+0.004%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2919	−0.235%	$110K	$43K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2934	+0.295%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2924	−0.061%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2925	−0.019%	$26K	$6K	5x	as long as short
Phoenix JUP	+0.0244%	1h	0.2933	+0.233%	$98K	$285K	10x	as long as short
Extended JUP-USD	+0.0304%	1h	0.2926	+0.002%	$2.2M	$572K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.500%	$74K	$48K	50x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2926	+0.004%	$821K	$372K	50x
Kraken Futures PF_JUPUSD	+0.0376%	1h	0.2926	−0.001%	$577K	$418K	20x	as long as short
Phemex JUPUSDT	+0.0495%	4h	0.2929	+0.107%	$2.9M	$3.0M	50x	as long as short