Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.023%

Price spread now: Bybit against gTrade (Gains Network)+0.059%7-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 Bybit

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.059% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.2971	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	10m 48s	—	—	150x
Short	Bybit JUPUSDT	0.2973	0.0094	get 0.0047% / 4h	1h 10m	$16.0M	$19.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: $19.47
Price spread: +0.059% → 0.000%: $5.89
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $4.36
Costs to cover: 0.210%
Break-even: 5.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.68 bp	15.6 bp −$16	39.5 bp −$395	232.1 bp −$23.2K	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	0.2941	−1.018%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2973	+0.043%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2969	−0.072%	$283K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2976	+0.150%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S −0.0001%	1h	0.2971	long leg	—	—	150x
Reya JUPRUSDPERP	+0.0057%	1h	0.2972	+0.016%	—	—	20x	as long as short
Bybit JUPUSDTshort	+0.0094%	4h	0.2973	+0.059%	$16.0M	$19.0M	50x
Lighter JUP	+0.0096%	1h	0.2978	+0.241%	$787K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2969	−0.060%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2972	+0.008%	$600K	$503K	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	0.2979	+0.251%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2974	+0.100%	$115K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2974	+0.105%	$16.4M	$42.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2975	+0.126%	$4.1M	$12.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2977	+0.194%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2972	+0.025%	$743K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2975	+0.126%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2975	+0.126%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2975	+0.126%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2973	+0.059%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2976	+0.156%	$985K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2967	−0.146%	$724K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2973	+0.059%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2975	+0.126%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2975	+0.113%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2974	+0.093%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.244%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2979	+0.261%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2974	+0.093%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0123%	1h	0.2969	−0.062%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2976	+0.163%	$595K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2975	+0.113%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2972	+0.029%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2974	+0.082%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2977	+0.194%	$646K	$388K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2974	+0.084%	$2.2M	$498K	25x	as long as short