Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h −0.353%

Price spread now: Gate against 01 Exchange−0.104%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Gate

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

Funding pays, the price is against you. Gate is 0.104% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2977	−0.0048	get 0.0006% / 1h	2m 45s	$26K	$19K	5x
Short	Gate JUP_USDT	0.2974	0.0066	get 0.0033% / 4h	2m 45s	$743K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.104%Rate

Funding earned: $23.94
Price spread: −0.104% → 0.000%: −$10.41
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$8.47
Costs to cover: 0.220%
Break-even: 9.5 days

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	3.37 bp	13.9 bp −$14	57.1 bp −$571	doesn't fit	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 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	−0.4371%	1h	0.2938	−1.313%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2977	−0.005%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2976	−0.022%	$600K	$589K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2974	−0.107%	$283K	$165K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0153%	1h	0.2976	−0.037%	$56K	$14K	10x	as long as short
01 Exchange JUPUSDlong	−0.0048%	1h	0.2977	long leg	$26K	$19K	5x
Bybit JUPUSDT	−0.0043%	4h	0.2973	−0.131%	$16.2M	$22.1M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2977	+0.013%	$17K	—	150x	as long as short
Variational Omni JUP	+0.0036%	4h	0.2967	−0.353%	$718K	$776K	—	as long as short
OKX JUP-USDT-SWAP	+0.0043%	4h	0.2971	−0.205%	$4.1M	$16.1M	50x	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	0.2975	−0.085%	—	—	20x	as long as short
Gate JUP_USDTshort	+0.0066%	4h	0.2974	−0.104%	$743K	$1.8M	75x
dYdX JUP-USD	+0.0069%	1h	0.2976	−0.052%	$39K	$32K	5x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.2976	−0.027%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2976	−0.024%	$796K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2977	−0.003%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2976	−0.037%	$617K	$648K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2980	+0.084%	$19.2M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2976	−0.047%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2973	−0.134%	$16.4M	$51.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2972	−0.171%	$62K	$9K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2973	−0.138%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	−0.003%	$4.3M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2975	−0.071%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2973	−0.138%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2976	−0.037%	$985K	$233K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2973	−0.138%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2973	−0.138%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2982	+0.165%	$94K	$119K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2969	−0.272%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2980	+0.097%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2974	−0.104%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2972	−0.156%	$2.2M	$508K	25x	as long as short
BloFin JUP-USDT	+0.0121%	4h	0.2976	−0.037%	$843K	$304K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2976	−0.024%	$97K	$479K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2976	−0.050%	$75K	$91K	50x	as long as short