Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.041%

Price spread now: Coinbase International against Orderly+0.070%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

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 +$5 a day on $10k at the current rate, and Coinbase International is 0.070% dearer against Orderly than usual: you sell high and buy low: +$7 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	Orderly PERP_JUP_USDC	0.3017	0.0100	pay 0.0050% / 4h	3h 09m	$32K	$45K	10x
Short	Coinbase International JUP-PERP-INTX	0.3019	0.0280	get 0.0035% / 1h	9m 17s	$75K	$61K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.070%Rate

Funding earned: $37.88
Price spread: +0.070% → 0.000%: $6.96
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $28.84
Costs to cover: 0.160%
Break-even: 1.7 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Orderly and Coinbase International: 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	0.2985	−1.061%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3017	+0.003%	$287K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3017	+0.007%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3015	−0.079%	$607K	$525K	20x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.3017	0.000%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0042%	4h	0.3012	−0.166%	$4.1M	$15.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3016	−0.020%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3017	−0.006%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0045%	1h	0.3018	+0.049%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3015	−0.082%	—	—	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	+0.0081%	8h	0.3018	+0.022%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3016	−0.046%	$755K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDClong	+0.0100%	4h	0.3017	long leg	$32K	$45K	10x
Nado JUP-PERP	+0.0100%	1h	0.3016	−0.041%	$623K	$625K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3020	+0.103%	$19.4M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3019	+0.058%	$116K	$328K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3015	−0.078%	$16.6M	$48.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3013	−0.149%	$16.5M	$20.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.530%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3015	−0.066%	$757K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3017	0.000%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3017	0.000%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3016	−0.033%	$5.9M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3015	−0.066%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3016	−0.033%	$998K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3010	−0.232%	$728K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3023	+0.199%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3015	−0.066%	$160K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3020	+0.106%	$95K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3010	−0.232%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3021	+0.133%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3013	−0.139%	$2.2M	$490K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3014	−0.116%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3019	+0.070%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTXshort	+0.0280%	1h	0.3019	+0.070%	$75K	$61K	50x
BloFin JUP-USDT	+0.0340%	4h	0.3013	−0.133%	$852K	$358K	50x	as long as short