Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against BingX+0.024%7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.024% dearer against BingX than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2971	0.0100	pay 0.0050% / 4h	3h 53m	—	$20.7M	—
Short	gTrade (Gains Network) JUP/USD	0.2972	L +0.0001% / S −0.0001%	get 0.0000% / 1h	53m 13s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.024%Rate

Funding earned: −$20.89
Price spread: +0.024% → 0.000%: $2.42
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$38.47
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 min ago; 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 BingX live order book, 10 min ago	1.69 bp	7.0 bp −$7	13.7 bp −$137	27.0 bp −$2,704	150.7 bp −$75.4K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	0.2921	−1.683%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2972	+0.025%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2957	−0.467%	$282K	$146K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0145%	1h	0.2973	+0.067%	$982K	$227K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2956	−0.489%	$39K	$22K	5x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0001% / S −0.0001%	1h	0.2972	+0.024%	—	—	150x
Reya JUPRUSDPERP	+0.0057%	1h	0.2967	−0.142%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2960	−0.364%	$26K	$17K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0087%	1h	0.2972	+0.040%	$55K	$16K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2975	+0.125%	$786K	$1.0M	10x	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	+0.0099%	8h	0.2958	−0.422%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.151%	$604K	$486K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2969	−0.071%	$18.7M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	−0.160%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	+0.041%	$16.3M	$40.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2970	−0.047%	$16.0M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2973	+0.067%	$4.1M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2960	−0.358%	$62K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2967	−0.135%	$737K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2972	+0.034%	$7.4M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2973	+0.067%	$4.1M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2972	+0.034%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2971	long leg	—	$20.7M	—
Variational Omni JUP	+0.0100%	4h	0.2947	−0.808%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.665%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	−0.438%	$157K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	−0.192%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2972	+0.034%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2959	−0.404%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.135%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2973	+0.052%	$41K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0176%	1h	0.2974	+0.101%	$596K	$467K	20x	as long as short
Extended JUP-USD	+0.0192%	1h	0.2970	−0.020%	$2.2M	$494K	25x	as long as short
Phoenix JUP	+0.0216%	1h	0.2962	−0.310%	$97K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2964	−0.239%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2969	−0.067%	$838K	$377K	50x	as long as short