Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.043%

Price spread now: Deribit against Aster−0.057%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 Deribit

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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.057% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.2973	0.0100	pay 0.0050% / 4h	16m 14s	$115K	$357K	10x
Short	Deribit JUP_USDC-PERPETUAL	0.2972	−0.0019	pay 0.0002% / 1h	16m 14s	$56K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$25.02
Price spread: −0.057% → 0.000%: −$5.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.76
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 61 min ago; Deribit: 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, 61 min ago	1.69 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−1.191%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2972	−0.051%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2973	−0.019%	$599K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2972	−0.039%	$283K	$165K	10x	as long as short
Bybit JUPUSDT	−0.0056%	4h	0.2969	−0.148%	$16.2M	$22.2M	50x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0019%	1h	0.2972	−0.057%	$56K	$14K	10x
01 Exchange JUPUSD	−0.0008%	1h	0.2973	−0.017%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	−0.032%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0048%	4h	0.2970	−0.115%	$740K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2970	−0.112%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0057%	4h	0.2969	−0.146%	$719K	$828K	—	as long as short
dYdX JUP-USD	+0.0064%	1h	0.2975	+0.039%	$39K	$33K	5x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.2973	−0.019%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2974	+0.003%	$795K	$1.4M	10x	as long as short
OKX JUP-USDT-SWAP	+0.0098%	4h	0.2969	−0.148%	$4.0M	$16.2M	50x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2972	−0.047%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2972	−0.056%	$615K	$653K	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2973	long leg	$115K	$357K	10x
Binance JUPUSDT	+0.0100%	4h	0.2971	−0.074%	$16.3M	$52.2M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2975	+0.057%	$62K	$10K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2971	−0.081%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2974	+0.020%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2972	−0.047%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2970	−0.115%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2973	−0.024%	$984K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2977	+0.135%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2974	+0.020%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2978	+0.165%	$94K	$121K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2968	−0.182%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2978	+0.154%	$2.9M	$3.9M	50x	as long as short
Hyperliquid JUP	+0.0102%	1h	0.2977	+0.114%	$19.1M	$13.1M	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2970	−0.098%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0137%	4h	0.2973	−0.014%	$849K	$302K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2975	+0.040%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0192%	1h	0.2969	−0.134%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.154%	$74K	$91K	50x	as long as short