Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.025%

Price spread now: gTrade (Gains Network) against Orderly+0.057%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on gTrade (Gains Network)

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 pays, funding is against you. gTrade (Gains Network) is 0.057% dearer against Orderly than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_JUP_USDC	0.2952	0.0100	pay 0.0050% / 4h	2h 03m	$31K	$51K	10x
Short	gTrade (Gains Network) JUP/USD	0.2954	L +0.0002% / S −0.0001%	get 0.0000% / 1h	3m 12s	$17K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.057%Rate

Funding earned: −$20.76
Price spread: +0.057% → 0.000%: $5.66
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.11
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and 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	0.2934	−0.610%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0934% / S +0.0347%	1h	0.2953	+0.017%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0161%	4h	0.2953	+0.024%	$16.2M	$24.0M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0156%	1h	0.2953	+0.017%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0052%	4h	0.2949	−0.102%	$733K	$2.0M	75x	as long as short
01 Exchange JUPUSD	−0.0024%	1h	0.2948	−0.122%	$26K	$19K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2957	+0.156%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0002% / S −0.0001%	1h	0.2954	+0.057%	$17K	—	150x
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2954	+0.057%	$599K	$624K	20x	as long as short
dYdX JUP-USD	+0.0026%	1h	0.2951	−0.038%	$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	0.2949	−0.098%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0078%	8h	0.2950	−0.060%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.186%	$826K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.093%	$597K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	+0.098%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2953	+0.042%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2950	−0.073%	$281K	$179K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	+0.102%	$16.3M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	+0.034%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2955	+0.102%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	+0.136%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	+0.068%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	+0.034%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2955	+0.119%	$978K	$263K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	−0.021%	$722K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.085%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.136%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.085%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDClong	+0.0100%	4h	0.2952	long leg	$31K	$51K	10x
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.237%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.169%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.186%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2950	−0.060%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0122%	4h	0.2952	0.000%	$856K	$337K	50x	as long as short
Extended JUP-USD	+0.0168%	1h	0.2950	−0.071%	$2.2M	$541K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+1.270%	$74K	$94K	50x	as long as short