Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.024%

Price spread now: OKX against Deribit−0.010%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2952	0	get 0.0000% / 1h	45m 00s	$53K	$17K	10x
Short	OKX JUP-USDT-SWAP	0.2952	0.0100	get 0.0050% / 4h	3h 45m	$4.1M	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Deribit. 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 DeribitbpFee OKXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $21
Price spread: −0.010% → 0.000%: −$1.02
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $2.98
Costs to cover: 0.170%
Break-even: 6.0 days

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 3 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 Deribit no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	3.39 bp	16.3 bp −$16	59.4 bp −$594	doesn't fit	doesn't fit

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 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	−1.839%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	−0.042%	$16K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.2952	+0.003%	$281K	$138K	10x	as long as short
Bybit JUPUSDT	−0.0023%	4h	0.2951	−0.044%	$16.0M	$17.1M	50x	as long as short
HTX JUP-USDT	−0.0014%	4h	0.2945	−0.247%	$112K	$46K	20x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2952	long leg	$53K	$17K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	−0.021%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0043%	1h	0.2953	+0.037%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.051%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	+0.071%	$764K	$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	0.2951	−0.031%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.019%	$581K	$491K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	+0.098%	$18.2M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2952	−0.004%	$102K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.010%	$16.2M	$38.7M	75x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2952	−0.010%	$4.1M	$10.2M	50x
Bulk JUP-USD	+0.0100%	1h	0.2945	−0.247%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2951	−0.044%	$702K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.010%	$7.6M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	−0.010%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	+0.024%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	−0.010%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2952	+0.003%	$980K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2950	−0.077%	$716K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2948	−0.146%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2951	−0.044%	$163K	$249K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2953	+0.007%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	−0.010%	$33K	$29K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	−0.109%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2952	−0.020%	$2.2M	$577K	25x	as long as short
Phemex JUPUSDT	+0.0137%	4h	0.2956	+0.125%	$2.9M	$3.0M	50x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2955	+0.085%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2955	+0.108%	$107K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0277%	1h	0.2953	+0.022%	$581K	$414K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2957	+0.142%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2955	+0.091%	$819K	$378K	50x	as long as short