Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0062%/8hpaid last 24h +0.565%

Price spread now: 01 Exchange against Orderly+0.010%46s7-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 01 Exchange

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: +$2 a day on $10k at the current rate. The two prices were read 46 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	Orderly PERP_JUP_USDC	0.2972	0.0098	pay 0.0049% / 4h	3h 53m	$31K	$52K	10x
Short	01 Exchange JUPUSD	0.2972	0.0160	get 0.0020% / 1h	53m 36s	$26K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.010%Rate

Funding earned: $12.97
Price spread: +0.010% → 0.000%: $1.01
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $0.97
Costs to cover: 0.130%
Break-even: 6.5 days

Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: 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	−0.4049%	1h	0.2935	−1.245%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0463% / S +0.0168%	1h	0.2973	+0.046%	$13K	—	100x	as long as short
Phoenix JUP	0.0000%	1h	0.2973	+0.030%	$45K	$396K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2973	+0.044%	$58K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2973	+0.027%	$17K	—	150x	as long as short
dYdX JUP-USD	+0.0012%	1h	0.2973	+0.035%	$39K	$41K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	−0.111%	—	—	20x	as long as short
Gate JUP_USDT	+0.0086%	4h	0.2969	−0.101%	$757K	$1.9M	75x	as long as short
Lighter JUP	+0.0096%	1h	0.2974	+0.067%	$912K	$1.2M	10x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2970	−0.063%	$9K	$15K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_JUP_USDClong	+0.0098%	4h	0.2972	long leg	$31K	$52K	10x
Nado JUP-PERP	+0.0100%	1h	0.2969	−0.109%	$599K	$660K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2974	+0.067%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2972	0.000%	$108K	$368K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2971	−0.034%	$284K	$164K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2969	−0.092%	$16.5M	$56.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2969	−0.114%	$16.7M	$23.6M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2969	−0.101%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.366%	$58K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2970	−0.067%	$8.3M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2972	0.000%	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.168%	$5.8M	$8.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2968	−0.135%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2973	+0.040%	$984K	$269K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2970	−0.082%	$730K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2972	+0.001%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2971	−0.034%	$158K	$321K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2973	+0.044%	$94K	$142K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.269%	$111K	$69K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2973	+0.017%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0129%	4h	0.2974	+0.067%	$875K	$276K	50x	as long as short
01 Exchange JUPUSDshort	+0.0160%	1h	0.2972	+0.010%	$26K	$19K	5x
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2980	+0.286%	$74K	$94K	50x	as long as short
Extended JUP-USD	+0.0280%	1h	0.2968	−0.135%	$2.2M	$541K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0286%	1h	0.2973	+0.033%	$599K	$611K	20x	as long as short
Phemex JUPUSDT	+0.0798%	4h	0.2977	+0.168%	$2.9M	$4.1M	50x	as long as short