Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.172%

Price spread now: OKX against GMX+0.010%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 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JUP/USD [WBTC.b-USDC]	0.3001	L −0.0210% / S +0.0573%	get 0.0026% / 1h	34m 56s	$17K	—	100x
Short	OKX JUP-USDT-SWAP	0.3001	0.0008	get 0.0004% / 4h	3h 34m	$4.1M	$16.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $45.74
Price spread: +0.010% → 0.000%: $1.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $24.77
Costs to cover: 0.220%
Break-even: 3.2 days

Slippage unknown: GMX: no order-book sample; OKX: 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 GMX no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	3.33 bp	15.8 bp −$16	59.0 bp −$590	doesn't fit	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	−0.4634%	1h	0.2959	−1.389%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3003	+0.092%	$286K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]long	L −0.0210% / S +0.0573%	1h	0.3001	long leg	$17K	—	100x
Deribit JUP_USDC-PERPETUAL	−0.0116%	1h	0.3001	−0.003%	$55K	$16K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3002	+0.045%	$604K	$537K	20x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3002	+0.058%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAPshort	+0.0008%	4h	0.3001	+0.010%	$4.1M	$16.0M	50x
01 Exchange JUPUSD	+0.0008%	1h	0.3002	+0.047%	$27K	$19K	5x	as long as short
dYdX JUP-USD	+0.0040%	1h	0.3006	+0.161%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2998	−0.088%	—	—	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	+0.0082%	8h	0.3004	+0.126%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3003	+0.077%	$754K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3002	+0.044%	$31K	$46K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3000	−0.015%	$622K	$631K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3006	+0.187%	$19.3M	$12.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3003	+0.077%	$116K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3002	+0.044%	$16.5M	$50.2M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3002	+0.044%	$16.4M	$21.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3002	+0.044%	$757K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3000	−0.023%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3002	+0.044%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3004	+0.110%	$5.9M	$7.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3000	−0.023%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3003	+0.070%	$994K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3001	+0.011%	$727K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2993	−0.256%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3004	+0.110%	$160K	$311K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3004	+0.104%	$95K	$116K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2995	−0.190%	$113K	$56K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3006	+0.177%	$2.9M	$3.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2997	−0.123%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3001	+0.015%	$2.2M	$492K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2999	−0.040%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0125%	4h	0.3001	+0.010%	$849K	$315K	50x	as long as short
Phoenix JUP	+0.0214%	1h	0.3005	+0.154%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3003	+0.077%	$75K	$88K	50x	as long as short