Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.5099%/8h= +558.4% APRpaid last 24h +0.428%

Price spread now: Orderly against Injective+1.705%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 +$153 a day on $10k at the current rate, and Orderly is 1.705% dearer against Injective than usual: you sell high and buy low: +$170 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	0.2933	−0.5000	get 0.0625% / 1h	24m 55s	$3K	$154K	5.5x
Short	Orderly PERP_JUP_USDC	0.2983	0.0099	get 0.0050% / 4h	2h 24m	$31K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +1.705%Rate

Funding earned: $1,070.85
Price spread: +1.705% → 0.000%: $170.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: $1,235.3
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: live order book, 63 min ago; Orderly: 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, 63 min ago	107.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.5000%	1h	0.2933	long leg	$3K	$154K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0837% / S +0.0286%	1h	0.2981	+1.646%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0184%	4h	0.2980	+1.602%	$16.3M	$24.2M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2977	+1.490%	$95K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2982	+1.657%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2983	+1.693%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2983	+1.715%	$605K	$624K	20x	as long as short
dYdX JUP-USD	+0.0035%	1h	0.2985	+1.782%	$39K	$36K	5x	as long as short
Gate JUP_USDT	+0.0040%	4h	0.2982	+1.671%	$743K	$1.9M	75x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2983	+1.708%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2979	+1.566%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0092%	8h	0.2981	+1.651%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0094%	4h	0.2982	+1.684%	$728K	$1.2M	—	as long as short
Lighter JUP	+0.0096%	1h	0.2984	+1.746%	$881K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDCshort	+0.0099%	4h	0.2983	+1.705%	$31K	$51K	10x
Nado JUP-PERP	+0.0100%	1h	0.2980	+1.620%	$601K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2985	+1.776%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2984	+1.729%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2983	+1.699%	$284K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2982	+1.671%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2981	+1.637%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2982	+1.671%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	+1.739%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2980	+1.602%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2980	+1.602%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	+1.671%	$988K	$268K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2980	+1.599%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2978	+1.534%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+1.797%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2978	+1.534%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2987	+1.841%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	+0.965%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	+1.551%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0135%	4h	0.2986	+1.807%	$860K	$331K	50x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2980	+1.619%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+1.926%	$74K	$95K	50x	as long as short