Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.077%

Price spread now: Bitget against Extended−0.007%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.755%−$76 on $10k

Price spread, last 7 days−0.172%−$17 · spread now −0.007%, 7d avg −0.066%

Together, before fees−0.927%+ Points / potential airdropExtended: Active · farm board−$93 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.059% dearer against Extended than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.066%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.755% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2973	0.0216	pay 0.0027% / 1h	55m 20s	$2.2M	$506K	25x
Short	Bitget JUPUSDT	0.2973	0.0100	get 0.0050% / 4h	55m 20s	$5.7M	$8.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$24.36
Price spread: −0.007% → −0.066%: $5.94
Slippage, 4 orders: −$35.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.91
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Bitget: live order book, 3 min ago.

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 Extended live order book, 3 min ago	6.73 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.68 bp	10.9 bp −$11	19.5 bp −$195	doesn't fit	doesn't fit

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	−0.4371%	1h	0.2935	−1.285%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2976	+0.100%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2975	+0.076%	$602K	$619K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2978	+0.157%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2976	+0.098%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2975	+0.060%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0050%	4h	0.2973	−0.007%	$747K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	+0.014%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0062%	4h	0.2972	−0.040%	$16.3M	$23.0M	50x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2978	+0.145%	$26K	$19K	5x	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	+0.0081%	8h	0.2976	+0.082%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2977	+0.135%	$798K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2974	+0.019%	$614K	$667K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2977	+0.138%	$107K	$355K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2976	+0.094%	$16.4M	$53.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2973	−0.007%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2973	−0.007%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	+0.128%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2973	−0.007%	$5.7M	$8.0M	75x
BingX JUP-USDT	+0.0100%	4h	0.2974	+0.027%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2977	+0.141%	$985K	$248K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2972	−0.037%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2975	+0.061%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2974	+0.027%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.269%	$94K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2976	+0.094%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2971	−0.074%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.128%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.242%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2973	+0.004%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0138%	4h	0.2972	−0.040%	$844K	$329K	50x	as long as short
Hyperliquid JUP	+0.0168%	1h	0.2981	+0.264%	$19.2M	$13.3M	10x	as long as short
Phoenix JUP	+0.0190%	1h	0.2973	0.000%	$97K	$479K	10x	as long as short
dYdX JUP-USD	+0.0211%	1h	0.2980	+0.216%	$39K	$35K	5x	as long as short
Extended JUP-USDlong	+0.0216%	1h	0.2973	long leg	$2.2M	$506K	25x
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.168%	$74K	$95K	50x	as long as short