Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.024%

Price spread now: Bulk against Gate+0.237%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Bulk

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bulk is 0.237% dearer against Gate than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2952	0.0010	pay 0.0005% / 4h	1h 12m	$745K	$1.9M	75x
Short	Bulk JUP-USD	0.2959	0.0100	get 0.0013% / 1h	12m 35s	$57K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Gate. 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 GatebpFee BulkbpOrdersPrice spread, now +0.237%Rate

Funding earned: $18.9
Price spread: +0.237% → 0.000%: $23.71
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $20.61
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Gate: live order book, 5 min ago; Bulk: no order-book sample. 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 Gate live order book, 5 min ago	3.39 bp	27.8 bp −$28	125.4 bp −$1,254	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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	−0.3508%	1h	0.2911	−1.389%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2954	+0.071%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2954	+0.075%	$281K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2954	+0.070%	$598K	$616K	20x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2954	+0.085%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2955	+0.088%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2955	+0.100%	$17K	—	150x	as long as short
Gate JUP_USDTlong	+0.0010%	4h	0.2952	long leg	$745K	$1.9M	75x
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.039%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0071%	4h	0.2951	−0.034%	$16.1M	$23.2M	50x	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	+0.0076%	8h	0.2953	+0.034%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	+0.159%	$794K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2953	+0.025%	$610K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.237%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.113%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2953	+0.041%	$16.3M	$54.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2955	+0.102%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USDshort	+0.0100%	1h	0.2959	+0.237%	$57K	$3K	10x
MEXC JUP_USDT	+0.0100%	4h	0.2953	+0.034%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	+0.136%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	+0.136%	$5.6M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	0.000%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2954	+0.085%	$978K	$254K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2952	−0.012%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.169%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.136%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.183%	$93K	$131K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2955	+0.102%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.203%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2960	+0.271%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.021%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0129%	1h	0.2957	+0.157%	$39K	$35K	5x	as long as short
BloFin JUP-USDT	+0.0148%	4h	0.2954	+0.068%	$844K	$327K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.264%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2951	−0.020%	$2.2M	$503K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2957	+0.183%	$74K	$94K	50x	as long as short