Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.065%

Price spread now: Coinbase International against Gate+0.184%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

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 +$5 a day on $10k at the current rate, and Coinbase International is 0.184% dearer against Gate than usual: you sell high and buy low: +$18 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	Gate JUP_USDT	0.2928	0.0100	pay 0.0050% / 4h	2h 18m	$718K	$1.4M	75x
Short	Coinbase International JUP-PERP-INTX	0.2933	0.0280	get 0.0035% / 1h	18m 09s	$74K	$49K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.184%Rate

Funding earned: $37.8
Price spread: +0.184% → 0.000%: $18.44
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $31.24
Costs to cover: 0.250%
Break-even: 1.2 days

Slippage unknown: Gate: live order book, 4 min ago; Coinbase International: no order-book sample. 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 Gate live order book, 4 min ago	3.43 bp	23.3 bp −$23	97.5 bp −$975	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	−0.4499%	1h	0.2868	−2.049%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2929	+0.044%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2927	−0.020%	$279K	$141K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2930	+0.075%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2928	+0.013%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2929	+0.050%	$39K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2929	+0.044%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2931	+0.116%	$761K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2926	−0.052%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2927	−0.043%	$580K	$493K	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	0.2930	+0.065%	$18.1M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2930	+0.064%	$107K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2929	+0.030%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2927	−0.034%	$15.8M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2928	0.000%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.990%	$60K	$280	10x	as long as short
Gate JUP_USDTlong	+0.0100%	4h	0.2928	long leg	$718K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2928	0.000%	$6.8M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2929	+0.034%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2929	+0.034%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2927	−0.034%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2929	+0.051%	$967K	$192K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2909	−0.649%	$706K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2896	−1.099%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−1.230%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2930	+0.068%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2929	+0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2926	−0.068%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2939	+0.385%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2929	+0.048%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2929	+0.034%	$2.2M	$556K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2931	+0.086%	$578K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2905	−0.779%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTXshort	+0.0280%	1h	0.2933	+0.184%	$74K	$49K	50x
BloFin JUP-USDT	+0.0340%	4h	0.2928	0.000%	$824K	$377K	50x	as long as short
Phemex JUPUSDT	+0.0511%	4h	0.2929	+0.034%	$2.9M	$3.1M	50x	as long as short