Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.005%

Price spread now: Gate against gTrade (Gains Network)−0.077%7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 3 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. Gate is 0.077% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.3019	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	9m 51s	$1K	—	150x
Short	Gate JUP_USDT	0.3017	0.0100	get 0.0050% / 4h	3h 09m	$758K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.077%Rate

Funding earned: $20.66
Price spread: −0.077% → 0.000%: −$7.72
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$12.06
Costs to cover: 0.250%
Break-even: 11.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	3.32 bp	26.0 bp −$26	98.1 bp −$981	doesn't fit	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 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	−0.4634%	1h	0.2985	−1.137%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3021	+0.047%	$288K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3018	−0.029%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3015	−0.154%	$607K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0048%	1h	0.3017	−0.087%	$55K	$16K	10x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.3021	+0.055%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0033%	4h	0.3014	−0.177%	$4.1M	$15.7M	50x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0002% / S −0.0001%	1h	0.3019	long leg	$1K	—	150x
dYdX JUP-USD	+0.0045%	1h	0.3018	−0.028%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3017	−0.092%	—	—	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	+0.0080%	8h	0.3021	+0.062%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3019	+0.002%	$756K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3017	−0.077%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3019	−0.003%	$624K	$626K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3021	+0.069%	$19.4M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3018	−0.046%	$116K	$328K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3017	−0.084%	$16.6M	$48.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3016	−0.110%	$16.5M	$20.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.607%	$62K	$8K	10x	as long as short
Gate JUP_USDTshort	+0.0100%	4h	0.3017	−0.077%	$758K	$1.6M	75x
MEXC JUP_USDT	+0.0100%	4h	0.3017	−0.077%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3015	−0.143%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3017	−0.077%	$5.9M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3016	−0.110%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3016	−0.110%	$998K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3010	−0.309%	$728K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3023	+0.122%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3016	−0.110%	$160K	$308K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3021	+0.065%	$95K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3015	−0.143%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3021	+0.055%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3015	−0.149%	$2.2M	$490K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3013	−0.212%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3019	−0.008%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3019	−0.008%	$75K	$60K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3014	−0.177%	$853K	$358K	50x	as long as short