Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.2341%/8hnext payment +$2.93 per $10,000 · paid last 24h +0.322%

Price spread now: gTrade (Gains Network) against Injective+0.845%7-day average — · you sell dearer than you buy

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

Long on Injective Short on gTrade (Gains Network)

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 +$70 a day on $10k at the current rate, and gTrade (Gains Network) is 0.845% dearer against Injective than usual: you sell high and buy low: +$84 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	Injective JUP/USDC PERP	0.2939	−0.2340	get 0.0292% / 1h	7m 00s	$3K	$110K	5.5x
Short	gTrade (Gains Network) JUP/USD	0.2964	L +0.0002% / S −0.0001%	get 0.0000% / 1h	7m 00s	$17K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Injective. 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 InjectivebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.845%Rate

Funding earned: $491.58
Price spread: +0.845% → 0.000%: $84.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $566.01
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: live order book, 26 min ago; gTrade (Gains Network): 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 Injective live order book, 26 min ago	81.74 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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 PERPlong	−0.2340%	1h	0.2939	long leg	$3K	$110K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0463% / S +0.0168%	1h	0.2965	+0.878%	$13K	—	100x	as long as short
Gate JUP_USDT	−0.0102%	4h	0.2961	+0.749%	$758K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2967	+0.942%	$45K	$383K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2964	+0.868%	$57K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0002% / S −0.0001%	1h	0.2964	+0.845%	$17K	—	150x
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	+0.764%	—	—	20x	as long as short
dYdX JUP-USD	+0.0072%	1h	0.2963	+0.817%	$39K	$41K	5x	as long as short
BloFin JUP-USDT	+0.0088%	4h	0.2962	+0.783%	$879K	$274K	50x	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2962	+0.792%	$9K	$15K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2967	+0.949%	$909K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0098%	4h	0.2963	+0.817%	$31K	$52K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2959	+0.698%	$597K	$659K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2967	+0.959%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.790%	$107K	$368K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2961	+0.749%	$283K	$163K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2963	+0.805%	$16.5M	$56.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2961	+0.749%	$16.6M	$23.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2961	+0.749%	$4.1M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.902%	$58K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	+0.817%	$8.3M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.817%	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.749%	$5.7M	$8.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	+0.783%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2964	+0.854%	$980K	$267K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2963	+0.833%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2969	+1.034%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2968	+0.987%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2966	+0.919%	$93K	$143K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	+0.510%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2969	+1.021%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2964	+0.851%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2964	+0.854%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2973	+1.160%	$74K	$94K	50x	as long as short
Extended JUP-USD	+0.0320%	1h	0.2961	+0.758%	$2.2M	$535K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0347%	1h	0.2964	+0.858%	$597K	$603K	20x	as long as short