Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.018%

Price spread now: Gate against 01 Exchange−0.112%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 Gate

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.112% cheaper against 01 Exchange than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2935	0.0152	pay 0.0019% / 1h	59m 57s	$26K	$2K	5x
Short	Gate JUP_USDT	0.2932	0.0100	get 0.0050% / 4h	3h 59m	$699K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.112%Rate

Funding earned: −$10.92
Price spread: −0.112% → 0.000%: −$11.24
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.16
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	3.41 bp	21.0 bp −$21	96.5 bp −$965	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	−0.3836%	1h	0.2886	−1.680%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2933	−0.082%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2933	−0.090%	$280K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2933	−0.061%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2932	−0.101%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0028%	1h	0.2933	−0.068%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2931	−0.134%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2935	+0.003%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2933	−0.078%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2933	−0.095%	$578K	$491K	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	0.2935	−0.010%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2933	−0.090%	$101K	$294K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2932	−0.107%	$16.1M	$38.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2929	−0.215%	$15.9M	$17.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2930	−0.181%	$4.0M	$10.1M	50x	as long as short
Gate JUP_USDTshort	+0.0100%	4h	0.2932	−0.112%	$699K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2933	−0.078%	$7.1M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2933	−0.078%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2932	−0.112%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2932	−0.112%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	−0.058%	$970K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2928	−0.245%	$711K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2932	−0.110%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2928	−0.249%	$161K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2935	−0.003%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2934	−0.044%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2928	−0.249%	$110K	$45K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2928	−0.238%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2930	−0.187%	$2.2M	$580K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2930	−0.164%	$40K	—	3x	as long as short
01 Exchange JUPUSDlong	+0.0152%	1h	0.2935	long leg	$26K	$2K	5x
Phemex JUPUSDT	+0.0301%	4h	0.2937	+0.058%	$2.9M	$3.0M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2935	+0.003%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2933	−0.078%	$816K	$376K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2936	+0.014%	$105K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0413%	1h	0.2934	−0.045%	$577K	$415K	20x	as long as short