Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.035%

Price spread now: Binance against Coinbase International−0.040%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

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 −$4 a day on $10k at the current rate, and Binance is 0.040% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JUP-PERP-INTX	0.2956	0.0240	pay 0.0030% / 1h	38m 30s	$74K	$50K	50x
Short	Binance JUPUSDT	0.2955	0.0100	get 0.0050% / 4h	1h 38m	$16.3M	$43.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.040%Rate

Funding earned: −$29.4
Price spread: −0.040% → 0.000%: −$3.99
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.39
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 4 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	1.70 bp	11.4 bp −$11	28.4 bp −$284	133.5 bp −$13.4K	doesn't fit

Coinbase International: 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	0.2918	−1.276%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2952	−0.120%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2957	+0.043%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	−0.118%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	−0.084%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0020%	1h	0.2952	−0.142%	$980K	$256K	10x	as long as short
Bybit JUPUSDT	+0.0021%	4h	0.2949	−0.230%	$15.8M	$19.2M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0038%	4h	0.2950	−0.193%	$4.1M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	−0.125%	—	—	20x	as long as short
dYdX JUP-USD	+0.0090%	1h	0.2955	−0.009%	$39K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0093%	4h	0.2946	−0.331%	$719K	$698K	—	as long as short
Lighter JUP	+0.0096%	1h	0.2960	+0.132%	$783K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2957	+0.029%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	−0.167%	$597K	$511K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.108%	$18.8M	$9.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	+0.015%	$114K	$298K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2955	−0.040%	$16.3M	$43.4M	75x
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.577%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2955	−0.024%	$738K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	+0.044%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2955	−0.024%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	+0.145%	$5.8M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	+0.078%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	−0.214%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	−0.328%	$157K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2956	+0.020%	$93K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	−0.091%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.328%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.078%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2950	−0.193%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2962	+0.217%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0200%	1h	0.2954	−0.046%	$590K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0240%	1h	0.2956	long leg	$74K	$50K	50x
Phoenix JUP	+0.0244%	1h	0.2951	−0.156%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2954	−0.058%	$842K	$370K	50x	as long as short
Extended JUP-USD	+0.0344%	1h	0.2957	+0.042%	$2.2M	$492K	25x	as long as short