Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +1.081%

Price spread now: dYdX against OKX+0.118%7-day average — · you sell dearer than you buy

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

Long on OKX Short on dYdX

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 +$1 a day on $10k at the current rate, and dYdX is 0.118% dearer against OKX than usual: you sell high and buy low: +$12 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	OKX JUP-USDT-SWAP	0.2998	0.0004	pay 0.0002% / 4h	3h 33m	$4.1M	$16.0M	50x
Short	dYdX JUP-USD	0.3002	0.0037	get 0.0005% / 1h	33m 46s	$39K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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 OKXbpFee dYdXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $7.1
Price spread: +0.118% → 0.000%: $11.84
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$1.06
Costs to cover: 0.200%
Break-even: 8.0 days

Slippage unknown: OKX: live order book, 5 min ago; dYdX: 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 OKX live order book, 5 min ago	3.33 bp	12.2 bp −$12	55.0 bp −$550	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−1.301%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2999	+0.039%	$286K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3002	+0.140%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3004	+0.211%	$605K	$537K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0083%	1h	0.3002	+0.127%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.3003	+0.168%	$9K	—	150x	as long as short
OKX JUP-USDT-SWAPlong	+0.0004%	4h	0.2998	long leg	$4.1M	$16.0M	50x
01 Exchange JUPUSD	+0.0008%	1h	0.3004	+0.197%	$27K	$19K	5x	as long as short
dYdX JUP-USDshort	+0.0037%	1h	0.3002	+0.118%	$39K	$32K	5x
Reya JUPRUSDPERP	+0.0057%	1h	0.2999	+0.019%	—	—	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	+0.0083%	8h	0.3000	+0.071%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3002	+0.123%	$754K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3004	+0.200%	$31K	$46K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2999	+0.042%	$622K	$631K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3003	+0.180%	$19.3M	$12.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3002	+0.117%	$116K	$333K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3000	+0.067%	$16.5M	$50.2M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2997	−0.020%	$16.4M	$21.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3001	+0.100%	$754K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3000	+0.067%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3001	+0.100%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3001	+0.100%	$5.9M	$7.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2999	+0.033%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3002	+0.143%	$994K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3001	+0.101%	$727K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2993	−0.167%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3004	+0.200%	$160K	$311K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3006	+0.260%	$95K	$116K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2997	−0.033%	$113K	$56K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3007	+0.300%	$2.9M	$3.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2997	−0.033%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2996	−0.054%	$2.2M	$492K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3000	+0.083%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0125%	4h	0.3001	+0.100%	$849K	$315K	50x	as long as short
Phoenix JUP	+0.0214%	1h	0.3005	+0.243%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3006	+0.277%	$75K	$88K	50x	as long as short