Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.040%

Price spread now: Coinbase International against Aster+0.365%54s7-day average — · you sell dearer than you buy

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

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.365% dearer against Aster than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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	Aster JUPUSDT	0.2989	0.0100	pay 0.0050% / 4h	37m 28s	$116K	$363K	10x
Short	Coinbase International JUP-PERP-INTX	0.3000	0.0256	get 0.0032% / 1h	37m 28s	$75K	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.365%Rate

Funding earned: $32.76
Price spread: +0.365% → 0.000%: $36.47
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $51.23
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: live order book, 40 min ago; 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 Aster live order book, 40 min ago	1.69 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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	−0.4371%	1h	0.2950	−1.321%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0339% / S +0.0663%	1h	0.2986	−0.110%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2988	−0.052%	$602K	$614K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2986	−0.117%	$284K	$168K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2987	−0.097%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2990	+0.016%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0008%	4h	0.2984	−0.181%	$16.3M	$22.9M	50x	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2984	−0.184%	$748K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2986	−0.121%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2990	+0.020%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0080%	1h	0.2987	−0.097%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2986	−0.130%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2989	−0.023%	$800K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2987	−0.084%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2987	−0.075%	$616K	$663K	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2989	long leg	$116K	$363K	10x
Binance JUPUSDT	+0.0100%	4h	0.2988	−0.060%	$16.4M	$53.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2986	−0.117%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	−0.150%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2988	−0.050%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2990	+0.017%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2987	−0.084%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2986	−0.117%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2987	−0.084%	$988K	$244K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2983	−0.213%	$722K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	−0.022%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2988	−0.050%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2993	+0.100%	$95K	$129K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2979	−0.351%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2993	+0.117%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2983	−0.214%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0158%	4h	0.2985	−0.150%	$848K	$330K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2990	+0.007%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0181%	1h	0.2993	+0.124%	$19.2M	$13.1M	10x	as long as short
Coinbase International JUP-PERP-INTXshort	+0.0256%	1h	0.3000	+0.365%	$75K	$95K	50x
Extended JUP-USD	+0.0264%	1h	0.2986	−0.117%	$2.2M	$507K	25x	as long as short