Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0375%/8h= +41.0% APRpaid last 24h +0.213%

Price spread now: Binance against GMX+0.039%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Binance

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 +$11 a day on $10k at the current rate, and Binance is 0.039% dearer against GMX than usual: you sell high and buy low: +$4 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	GMX JUP/USD [WBTC.b-USDC]	0.2934	L −0.0275% / S +0.0618%	get 0.0034% / 1h	44m 53s	$16K	—	100x
Short	Binance JUPUSDT	0.2935	0.0100	get 0.0050% / 4h	44m 53s	$16.2M	$42.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: $78.66
Price spread: +0.039% → 0.000%: $3.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $60.59
Costs to cover: 0.220%
Break-even: 1.6 days

Slippage unknown: GMX: no order-book sample; Binance: live order book, 12 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	1.69 bp	12.6 bp −$13	30.4 bp −$304	139.2 bp −$13.9K	doesn't fit

GMX: 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	−0.4661%	1h	0.2910	−0.820%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]long	L −0.0275% / S +0.0618%	1h	0.2934	long leg	$16K	—	100x
Pacifica JUP	−0.0125%	1h	0.2933	−0.026%	$279K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2934	+0.015%	$54K	$16K	10x	as long as short
dYdX JUP-USD	+0.0001%	1h	0.2932	−0.054%	$38K	$25K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2935	+0.021%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2932	−0.054%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0080%	1h	0.2936	+0.059%	$26K	$19K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2936	+0.059%	$777K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2935	+0.024%	$587K	$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	0.2933	−0.023%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2933	−0.036%	$592K	$501K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2937	+0.110%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2934	−0.014%	$108K	$292K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2935	+0.039%	$16.2M	$42.3M	75x
Bybit JUPUSDT	+0.0100%	4h	0.2931	−0.098%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2934	−0.002%	$4.0M	$12.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.782%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	−0.036%	$727K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2935	+0.032%	$7.2M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2934	−0.002%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2935	+0.032%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2932	−0.071%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2935	+0.025%	$973K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2929	−0.174%	$715K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2933	−0.036%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2934	−0.002%	$156K	$262K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2938	+0.117%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2934	−0.002%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2929	−0.173%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2936	+0.066%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2930	−0.139%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2935	+0.042%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2934	−0.009%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2932	−0.071%	$838K	$381K	50x	as long as short
Extended JUP-USD	+0.0368%	1h	0.2933	−0.045%	$2.2M	$502K	25x	as long as short