Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h −0.406%

Price spread now: OKX against 01 Exchange−0.493%55s7-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 OKX

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. OKX is 0.493% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.493% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$49 on $10k: about 8.7 days of funding at the current rate (+$6 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2963	−0.0088	get 0.0011% / 1h	27m 39s	$26K	$19K	5x
Short	OKX JUP-USDT-SWAP	0.2948	0.0100	get 0.0050% / 4h	1h 27m	$4.0M	$16.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.493%Rate

Funding earned: $39.48
Price spread: −0.493% → 0.000%: −$49.28
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$26.8
Costs to cover: 0.170%
Break-even: 11.8 days

Slippage unknown: 01 Exchange: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	3.39 bp	14.4 bp −$14	57.9 bp −$579	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	−0.3508%	1h	0.2911	−1.742%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2954	−0.302%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2950	−0.432%	$281K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2950	−0.422%	$599K	$619K	20x	as long as short
01 Exchange JUPUSDlong	−0.0088%	1h	0.2963	long leg	$26K	$19K	5x
Gate JUP_USDT	−0.0010%	4h	0.2947	−0.527%	$736K	$1.9M	75x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	−0.348%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2955	−0.269%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0047%	4h	0.2948	−0.493%	$16.1M	$23.5M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	−0.176%	—	—	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	+0.0066%	8h	0.2949	−0.467%	$9K	$13K	10x	as long as short
dYdX JUP-USD	+0.0088%	1h	0.2949	−0.443%	$39K	$35K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2952	−0.371%	$791K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2959	−0.113%	$614K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	−0.257%	$19.0M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2949	−0.467%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	−0.425%	$16.3M	$55.7M	75x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2948	−0.493%	$4.0M	$16.5M	50x
MEXC JUP_USDT	+0.0100%	4h	0.2949	−0.459%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2951	−0.392%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2948	−0.493%	$5.6M	$8.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2950	−0.425%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	−0.331%	$977K	$258K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2939	−0.792%	$711K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2943	−0.648%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	−0.560%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.078%	$93K	$134K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	−0.324%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.594%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	−0.290%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2941	−0.714%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2949	−0.452%	$2.2M	$503K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	−0.370%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0129%	4h	0.2950	−0.425%	$849K	$328K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2950	−0.439%	$94K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+0.908%	$74K	$93K	50x	as long as short