Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.030%

Price spread now: BloFin against 01 Exchange+0.059%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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 +$4 a day on $10k at the current rate, and BloFin is 0.059% dearer against 01 Exchange than usual: you sell high and buy low: +$6 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	01 Exchange JUPUSD	0.2890	0.0008	pay 0.0001% / 1h	29m 16s	$26K	$2K	5x
Short	BloFin JUP-USDT	0.2892	0.0145	get 0.0072% / 4h	1h 29m	$817K	$367K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now +0.059%Rate

Funding earned: $28.75
Price spread: +0.059% → 0.000%: $5.88
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $15.63
Costs to cover: 0.190%
Break-even: 3.2 days

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 16 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 16 min ago	3.43 bp	15.0 bp −$15	25.6 bp −$256	86.3 bp −$8,630	doesn't fit

01 Exchange: 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 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2891	+0.026%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2889	−0.045%	$275K	$133K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2891	+0.024%	$53K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2890	−0.007%	$17K	—	150x	as long as short
01 Exchange JUPUSDlong	+0.0008%	1h	0.2890	long leg	$26K	$2K	5x
Reya JUPRUSDPERP	+0.0057%	1h	0.2888	−0.069%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2889	−0.035%	$9K	$9K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2893	+0.093%	$746K	$953K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2888	−0.071%	$567K	$467K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2891	+0.035%	$17.5M	$8.6M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2890	−0.010%	$97K	$277K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2890	−0.010%	$15.7M	$36.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2889	−0.045%	$15.7M	$15.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2889	−0.045%	$3.9M	$9.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2916	+0.889%	$60K	$439	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2891	+0.024%	$714K	$1.0M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2891	+0.024%	$8.1M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2891	+0.024%	$4.0M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2890	−0.010%	$5.7M	$4.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2888	−0.080%	—	$21.2M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2891	+0.031%	$975K	$238K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2886	−0.155%	$696K	$249K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2889	−0.046%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2889	−0.045%	$158K	$234K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2893	+0.080%	$91K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2891	+0.024%	$33K	$28K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2885	−0.183%	$109K	$55K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2888	−0.069%	$2.1M	$556K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2890	−0.020%	$39K	—	3x	as long as short
BloFin JUP-USDTshort	+0.0145%	4h	0.2892	+0.059%	$817K	$367K	50x
Phoenix JUP	+0.0270%	1h	0.2889	−0.035%	$96K	$269K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2913	+0.796%	$80K	$61K	50x	as long as short
Phemex JUPUSDT	+0.0523%	4h	0.2898	+0.266%	$2.9M	$2.8M	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0537%	1h	0.2893	+0.095%	$570K	$397K	20x	as long as short
dYdX JUP-USD	+0.0855%	1h	0.2890	−0.027%	$38K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+4.487%	$3K	$205K	5.5x	as long as short