Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.054%

Price spread now: BloFin against gTrade (Gains Network)−0.122%50s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.122% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2.6 days of funding at the current rate (+$5 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.2899	L +0.0001% / S 0.0000%	pay 0.0000% / 1h	8m 14s	$17K	—	150x
Short	BloFin JUP-USDT	0.2895	0.0160	get 0.0080% / 4h	1h 08m	$803K	$368K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.122%Rate

Funding earned: $33.33
Price spread: −0.122% → 0.000%: −$12.25
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$0.91
Costs to cover: 0.220%
Break-even: 7.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 37 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 37 min ago	3.43 bp	15.0 bp −$15	25.6 bp −$256	86.3 bp −$8,630	doesn't fit

gTrade (Gains Network): 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 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2893	−0.177%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2898	−0.002%	$276K	$133K	10x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2898	−0.009%	$26K	$2K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2900	+0.036%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S 0.0000%	1h	0.2899	long leg	$17K	—	150x
Reya JUPRUSDPERP	+0.0057%	1h	0.2898	−0.028%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2898	−0.009%	$9K	$9K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2900	+0.064%	$743K	$963K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2898	−0.002%	$438K	$623K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2900	+0.060%	$17.5M	$6.7M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2897	−0.037%	$99K	$261K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2898	−0.012%	$15.7M	$34.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2897	−0.047%	$15.7M	$14.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2898	−0.019%	$3.9M	$9.2M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2897	−0.053%	$702K	$1.0M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2899	+0.016%	$8.0M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2899	+0.016%	$4.0M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2898	−0.019%	$5.7M	$3.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2896	−0.088%	—	$10.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2898	−0.002%	$975K	$236K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2890	−0.302%	$696K	$246K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2894	−0.152%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2889	−0.329%	$158K	$222K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2901	+0.085%	$92K	$101K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2899	+0.016%	$33K	$27K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2892	−0.226%	$110K	$57K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2898	−0.019%	$60K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2898	−0.034%	$2.1M	$563K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2898	−0.011%	$40K	—	3x	as long as short
BloFin JUP-USDTshort	+0.0160%	4h	0.2895	−0.122%	$803K	$368K	50x
Phoenix JUP	+0.0270%	1h	0.2895	−0.116%	$97K	$269K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2910	+0.405%	$80K	$59K	50x	as long as short
Phemex JUPUSDT	+0.0336%	4h	0.2901	+0.085%	$2.9M	$2.7M	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0535%	1h	0.2901	+0.097%	$576K	$390K	20x	as long as short
dYdX JUP-USD	+0.0741%	1h	0.2894	−0.153%	$38K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+4.190%	$3K	$205K	5.5x	as long as short