Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.073%

Price spread now: Bybit against Extended0.000%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

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

costs, in and out, $10k−$530.531% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.772%−$77 on $10k

Price spread, last 7 days−0.170%−$17 · spread now 0.000%, 7d avg −0.066%

Together, before fees−0.942%+ Points / potential airdropExtended: Active · farm board−$94 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.066% dearer against Extended than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.066%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2929	0.0368	pay 0.0046% / 1h	49m 26s	$2.2M	$502K	25x
Short	Bybit JUPUSDT	0.2929	0.0100	get 0.0050% / 4h	49m 26s	$15.7M	$18.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$56.28
Price spread: 0.000% → −0.066%: $6.59
Slippage, 4 orders: −$37.12
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$102.81
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	6.77 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.40 bp	11.9 bp −$12	31.9 bp −$319	199.3 bp −$19.9K	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	−0.4661%	1h	0.2910	−0.656%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2933	+0.130%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2934	+0.171%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2932	+0.085%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2934	+0.170%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2936	+0.215%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2931	+0.062%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2934	+0.150%	$26K	$19K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2938	+0.293%	$777K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2932	+0.102%	$586K	$489K	20x	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	0.2935	+0.203%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	+0.155%	$592K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2936	+0.218%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2933	+0.134%	$113K	$292K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2931	+0.077%	$16.1M	$42.4M	75x	as long as short
Bybit JUPUSDTshort	+0.0100%	4h	0.2929	0.000%	$15.7M	$18.9M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2930	+0.027%	$4.0M	$12.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.949%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	+0.129%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2932	+0.095%	$7.2M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2933	+0.129%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2932	+0.095%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2931	+0.061%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	+0.160%	$973K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	+0.129%	$717K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.676%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2939	+0.334%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	+0.242%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2932	+0.095%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2927	−0.075%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2940	+0.368%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2925	−0.159%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2940	+0.385%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+1.218%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	+0.232%	$841K	$381K	50x	as long as short
Extended JUP-USDlong	+0.0368%	1h	0.2929	long leg	$2.2M	$502K	25x