Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%

Price spread now: Aevo against Aster−0.192%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.192% cheaper against Aster than usual: you would sell low and buy high, −$19 on $10k if it 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	Aster JUPUSDT	0.2954	0.0100	pay 0.0050% / 4h	3h 34m	$110K	$286K	10x
Short	Aevo JUP-PERP	0.2948	0.0104	get 0.0013% / 1h	34m 02s	$40K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.192%Rate

Funding earned: $0.84
Price spread: −0.192% → 0.000%: −$19.24
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$42.4
Costs to cover: 0.240%
Break-even: 360.3 days

Slippage unknown: Aster: live order book, 18 min ago; Aevo: 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 Aster live order book, 18 min ago	3.37 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.5000%	1h	0.2918	−1.222%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	−0.109%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2954	−0.010%	$281K	$146K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0016%	1h	0.2950	−0.122%	$975K	$187K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2954	+0.012%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2950	−0.122%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	−0.084%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.138%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2953	−0.034%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2953	−0.040%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.063%	$597K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2953	−0.044%	$18.5M	$9.1M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2954	long leg	$110K	$286K	10x
Binance JUPUSDT	+0.0100%	4h	0.2950	−0.139%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2948	−0.196%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2950	−0.139%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2952	−0.071%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2950	−0.139%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	−0.071%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	−0.037%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.037%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	−0.106%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.139%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.030%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.013%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	−0.105%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	−0.376%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	−0.004%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.162%	$62K	−$0	10x	as long as short
Aevo JUP-PERPshort	+0.0104%	1h	0.2948	−0.192%	$40K	—	3x
01 Exchange JUPUSD	+0.0168%	1h	0.2954	+0.010%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2952	−0.076%	$590K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2954	−0.017%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2949	−0.168%	$2.2M	$498K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.223%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	+0.064%	$832K	$375K	50x	as long as short