Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.009%

Price spread now: OKX against gTrade (Gains Network)−0.041%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 OKX

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. OKX is 0.041% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 33 hours 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	0.2954	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	24m 05s	—	—	150x
Short	OKX JUP-USDT-SWAP	0.2953	0.0100	get 0.0050% / 4h	3h 24m	$4.0M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $20.77
Price spread: −0.041% → 0.000%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.29
Costs to cover: 0.200%
Break-even: 8.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	1.69 bp	16.3 bp −$16	60.4 bp −$604	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	−0.5000%	1h	0.2926	−0.955%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2952	−0.058%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2953	−0.054%	$281K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2956	+0.077%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	−0.064%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S −0.0001%	1h	0.2954	long leg	—	—	150x
Backpack JUP_USDC_PERP	+0.0026%	1h	0.2953	−0.044%	$976K	$185K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.101%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2955	+0.017%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2952	−0.090%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2953	−0.058%	$595K	$489K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	+0.037%	$18.6M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2953	−0.038%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.074%	$16.2M	$39.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2951	−0.108%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2953	−0.041%	$4.0M	$11.1M	50x
Gate JUP_USDT	+0.0100%	4h	0.2953	−0.041%	$734K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	−0.041%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	−0.074%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2952	−0.074%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.041%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2954	−0.008%	$720K	$624K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2963	+0.299%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2959	+0.162%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2956	+0.047%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	−0.041%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.244%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.129%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.007%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	−0.088%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2954	−0.007%	$588K	$470K	20x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2954	−0.020%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.423%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2962	+0.264%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2951	−0.110%	$2.2M	$502K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2951	−0.108%	$831K	$374K	50x	as long as short