Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0339%/8h= −37.2% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against BloFin−0.244%170s7-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 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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and gTrade (Gains Network) is 0.244% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 170 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	0.2964	0.0340	pay 0.0170% / 4h	2h 45m	$853K	$380K	50x
Short	gTrade (Gains Network) JUP/USD	0.2957	L +0.0001% / S −0.0001%	get 0.0000% / 1h	45m 37s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.244%Rate

Funding earned: −$71.29
Price spread: −0.244% → 0.000%: −$24.43
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$117.72
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 21 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 BloFin live order book, 21 min ago	8.33 bp	16.9 bp −$17	33.6 bp −$336	138.5 bp −$13.9K	doesn't fit
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	−0.4347%	1h	0.2904	−2.024%	$3K	$206K	5.5x	as long as short
Bybit JUPUSDT	−0.0427%	4h	0.2954	−0.337%	$15.9M	$20.6M	50x	as long as short
Pacifica JUP	−0.0353%	1h	0.2955	−0.315%	$282K	$149K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2956	−0.263%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0086%	4h	0.2955	−0.304%	$4.0M	$14.9M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2958	−0.199%	$595K	$523K	20x	as long as short
Gate JUP_USDT	−0.0014%	4h	0.2953	−0.371%	$740K	$1.5M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2957	−0.251%	$39K	$30K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	−0.236%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0001% / S −0.0001%	1h	0.2957	−0.244%	—	—	150x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0008%	1h	0.2956	−0.270%	$26K	$19K	5x	as long as short
Variational Omni JUP	+0.0040%	4h	0.2951	−0.454%	$716K	$761K	—	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	−0.353%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2954	−0.327%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	−0.196%	$782K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2957	−0.236%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2953	−0.388%	$607K	$602K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2957	−0.226%	$18.9M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	−0.236%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	−0.315%	$16.3M	$47.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2955	−0.304%	$7.6M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	−0.270%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	−0.337%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	−0.337%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2956	−0.280%	$979K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	0.000%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2962	−0.067%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	−0.071%	$93K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.405%	$111K	$55K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2962	−0.053%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2952	−0.389%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	−0.370%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2958	−0.196%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2960	−0.142%	$74K	$57K	50x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2964	long leg	$853K	$380K	50x
Phemex JUPUSDT	+0.0496%	4h	0.2962	−0.067%	$2.9M	$3.6M	50x	as long as short