Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.101%

Price spread now: Bitget against 01 Exchange−0.055%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Bitget is 0.055% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 6.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2934	0.0072	pay 0.0009% / 1h	49m 33s	$26K	$19K	5x
Short	Bitget JUPUSDT	0.2932	0.0100	get 0.0050% / 4h	49m 33s	$5.7M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against 01 Exchange. 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 01 ExchangebpFee BitgetbpOrdersPrice spread, now −0.055%Rate

Funding earned: $5.88
Price spread: −0.055% → 0.000%: −$5.45
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.57
Costs to cover: 0.190%
Break-even: 29.1 days

Slippage unknown: 01 Exchange: no order-book sample; Bitget: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	3.40 bp	13.3 bp −$13	28.9 bp −$289	doesn't fit	doesn't fit

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	−0.4661%	1h	0.2910	−0.804%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2936	+0.074%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2934	+0.021%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2936	+0.075%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2936	+0.073%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2936	+0.065%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2931	−0.088%	—	—	20x	as long as short
01 Exchange JUPUSDlong	+0.0072%	1h	0.2934	long leg	$26K	$19K	5x
Lighter JUP	+0.0096%	1h	0.2938	+0.143%	$777K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2935	+0.063%	$587K	$489K	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	+0.0098%	8h	0.2935	+0.053%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	+0.005%	$592K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2937	+0.106%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2933	−0.013%	$113K	$292K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2933	−0.017%	$16.1M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2929	−0.147%	$15.7M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2932	−0.055%	$4.0M	$12.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.798%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	−0.020%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2933	−0.020%	$7.2M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2935	+0.048%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2932	−0.055%	$5.7M	$5.8M	75x
BingX JUP-USDT	+0.0100%	4h	0.2932	−0.055%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	+0.010%	$973K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	−0.021%	$717K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.525%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2939	+0.184%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	+0.092%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2935	+0.048%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2927	−0.225%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2940	+0.218%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2930	−0.115%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2940	+0.235%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+1.067%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	+0.082%	$841K	$381K	50x	as long as short
Extended JUP-USD	+0.0384%	1h	0.2931	−0.073%	$2.2M	$502K	25x	as long as short