Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.266%

Price spread now: 01 Exchange against Phemex+0.003%7-day average — · you sell dearer than you buy

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

Long on Phemex 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: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.3009	0.0100	pay 0.0050% / 4h	3h 30m	$2.9M	$3.8M	50x
Short	01 Exchange JUPUSD	0.3009	0	get 0.0000% / 1h	30m 39s	$27K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Phemex. 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 PhemexbpFee 01 ExchangebpOrdersPrice spread, now +0.003%Rate

Funding earned: −$21
Price spread: +0.003% → 0.000%: $0.33
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$39.67
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; 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 Phemex live order book, 3 min ago	1.66 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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	−0.4634%	1h	0.2970	−1.296%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3004	−0.166%	$286K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3006	−0.114%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3006	−0.088%	$605K	$537K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0049%	1h	0.3005	−0.143%	$55K	$16K	10x	as long as short
OKX JUP-USDT-SWAP	−0.0007%	4h	0.3002	−0.233%	$4.1M	$16.0M	50x	as long as short
01 Exchange JUPUSDshort	0.0000%	1h	0.3009	+0.003%	$27K	$19K	5x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3006	−0.086%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0036%	1h	0.3008	−0.049%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3004	−0.181%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0083%	8h	0.3003	−0.198%	$9K	$13K	10x	as long as short
BloFin JUP-USDT	+0.0084%	4h	0.3005	−0.133%	$852K	$315K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.3005	−0.116%	$754K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3005	−0.133%	$31K	$46K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3005	−0.116%	$623K	$631K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3008	−0.033%	$19.3M	$12.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3006	−0.104%	$116K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3003	−0.199%	$16.5M	$50.2M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3004	−0.166%	$16.4M	$21.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3004	−0.166%	$750K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3004	−0.166%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3005	−0.133%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3003	−0.199%	$5.9M	$7.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3003	−0.199%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3005	−0.130%	$994K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3002	−0.231%	$727K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3002	−0.233%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2999	−0.332%	$159K	$310K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3010	+0.047%	$95K	$116K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2999	−0.332%	$113K	$56K	20x	as long as short
Phemex JUPUSDTlong	+0.0100%	4h	0.3009	long leg	$2.9M	$3.8M	50x
Bulk JUP-USD	+0.0100%	1h	0.2997	−0.399%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3002	−0.229%	$2.2M	$493K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3006	−0.099%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3001	−0.253%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3008	−0.033%	$75K	$89K	50x	as long as short