Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: OKX against BingX−0.136%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.136%, 7d avg −0.014%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.122% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2948	0.0100	pay 0.0050% / 4h	3h 50m	—	$20.5M	—
Short	OKX JUP-USDT-SWAP	0.2944	0.0100	get 0.0050% / 4h	3h 50m	$4.1M	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → −0.014%: −$12.16
Slippage, 4 orders: −$20.81
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.97
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; OKX: live order book, 3 min ago.

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, 3 min ago	1.70 bp	6.7 bp −$7	10.9 bp −$109	23.0 bp −$2,305	159.4 bp −$79.7K
Sell OKX live order book, 3 min ago	3.40 bp	14.4 bp −$14	59.8 bp −$598	doesn't fit	doesn't fit

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	−0.3798%	1h	0.2898	−1.696%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2949	+0.032%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0089%	4h	0.2944	−0.146%	$15.9M	$17.1M	50x	as long as short
Pacifica JUP	−0.0070%	1h	0.2947	−0.027%	$281K	$137K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2948	+0.012%	$16K	—	150x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0021%	1h	0.2950	+0.071%	$53K	$17K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2948	+0.001%	—	—	20x	as long as short
dYdX JUP-USD	+0.0067%	1h	0.2947	−0.017%	$39K	$15K	5x	as long as short
ApeX Omni JUPUSDT	+0.0090%	1h	0.2936	−0.407%	$162K	$249K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2950	+0.081%	$763K	$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	+0.0098%	8h	0.2946	−0.078%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2944	−0.144%	$580K	$491K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2951	+0.088%	$18.2M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2949	+0.025%	$103K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2947	−0.035%	$16.1M	$38.7M	75x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2944	−0.136%	$4.1M	$10.2M	50x
Gate JUP_USDT	+0.0100%	4h	0.2948	0.000%	$701K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2947	−0.034%	$7.2M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2949	+0.034%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	+0.034%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2948	long leg	—	$20.5M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2950	+0.078%	$979K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2946	−0.067%	$712K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	−0.339%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.068%	$93K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	0.000%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2938	−0.339%	$112K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2951	+0.102%	$2.9M	$3.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2935	−0.453%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2947	−0.025%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2944	−0.135%	$2.2M	$567K	25x	as long as short
01 Exchange JUPUSD	+0.0192%	1h	0.2947	−0.027%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2934	−0.485%	$105K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0278%	1h	0.2950	+0.074%	$581K	$414K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2952	+0.149%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2940	−0.271%	$819K	$377K	50x	as long as short