Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h −0.041%

Price spread now: Deribit against Bybit+0.041%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.211%−$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.041% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.211%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2962	−0.0199	get 0.0099% / 4h	2h 22m	$15.9M	$20.0M	50x
Short	Deribit JUP_USDC-PERPETUAL	0.2963	0	get 0.0000% / 1h	22m 50s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now +0.041%Rate

Funding earned: $41.74
Price spread: +0.041% → 0.000%: $4.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $27.8
Costs to cover: 0.180%
Break-even: 2.3 days

Slippage unknown: Bybit: live order book, 1 min ago; Deribit: 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 Bybit live order book, 1 min ago	1.69 bp	12.7 bp −$13	35.0 bp −$350	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 35 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	0.2917	−1.519%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2964	+0.057%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2962	−0.016%	$16K	—	100x	as long as short
Bybit JUPUSDTlong	−0.0199%	4h	0.2962	long leg	$15.9M	$20.0M	50x
OKX JUP-USDT-SWAP	−0.0051%	4h	0.2966	+0.135%	$4.1M	$14.1M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2964	+0.059%	$593K	$514K	20x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2963	+0.041%	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2963	+0.041%	—	—	150x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2963	+0.048%	$39K	$29K	5x	as long as short
Variational Omni JUP	+0.0036%	4h	0.2967	+0.169%	$724K	$751K	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0044%	4h	0.2964	+0.068%	$740K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2960	−0.058%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2963	+0.022%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2969	+0.243%	$785K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	0.000%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2963	+0.017%	$601K	$536K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2969	+0.250%	$18.9M	$10.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2965	+0.099%	$114K	$321K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2966	+0.122%	$16.4M	$45.7M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2964	+0.068%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2965	+0.101%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2965	+0.101%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2965	+0.101%	$5.8M	$6.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2964	+0.068%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	+0.047%	$981K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	+0.135%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2968	+0.203%	$158K	$296K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.068%	$94K	$109K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.135%	$112K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0102%	4h	0.2968	+0.203%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2961	−0.050%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2964	+0.081%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2970	+0.287%	$98K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2966	+0.125%	$75K	$51K	50x	as long as short
Extended JUP-USD	+0.0408%	1h	0.2965	+0.100%	$2.2M	$486K	25x	as long as short