Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h +0.355%

Price spread now: dYdX against BloFin−0.020%92s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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: −$10 a day on $10k at the current rate. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JUP-USDT	0.2940	0.0340	pay 0.0170% / 4h	1h 55m	$823K	$379K	50x
Short	dYdX JUP-USD	0.2939	0	get 0.0000% / 1h	55m 39s	$39K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$71.4
Price spread: −0.020% → 0.000%: −$2
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$95.4
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 31 min ago; dYdX: 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 BloFin live order book, 31 min ago	3.45 bp	11.9 bp −$12	25.3 bp −$253	132.0 bp −$13.2K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.2922	−0.612%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2939	−0.044%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2936	−0.137%	$280K	$143K	10x	as long as short
dYdX JUP-USDshort	0.0000%	1h	0.2939	−0.020%	$39K	$19K	5x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2940	+0.007%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2940	+0.006%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2938	−0.084%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2939	−0.031%	$762K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2936	−0.152%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2940	0.000%	$576K	$494K	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	0.2938	−0.058%	$18.1M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2937	−0.098%	$107K	$282K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2935	−0.170%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2933	−0.238%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2935	−0.170%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.433%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2938	−0.068%	$716K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2937	−0.102%	$6.8M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2939	−0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2936	−0.136%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2938	−0.068%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2940	−0.014%	$973K	$233K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2936	−0.137%	$712K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2944	+0.135%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2943	+0.102%	$162K	$256K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2940	+0.014%	$93K	$103K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2941	+0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2935	−0.170%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2938	−0.056%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0216%	1h	0.2936	−0.143%	$26K	$8K	5x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2934	−0.196%	$2.2M	$570K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	+0.371%	$98K	$279K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2958	+0.619%	$75K	$49K	50x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2940	long leg	$823K	$379K	50x
Kraken Futures PF_JUPUSD	+0.0374%	1h	0.2941	+0.020%	$580K	$462K	20x	as long as short
Phemex JUPUSDT	+0.0684%	4h	0.2946	+0.204%	$2.9M	$3.1M	50x	as long as short