Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Aster−0.004%52s7-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 gTrade (Gains Network)

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 52 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	0.2962	0.0100	pay 0.0050% / 4h	54m 37s	$114K	$289K	10x
Short	gTrade (Gains Network) JUP/USD	0.2962	L +0.0001% / S −0.0001%	get 0.0000% / 1h	54m 37s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.004%Rate

Funding earned: −$20.89
Price spread: −0.004% → 0.000%: −$0.44
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; gTrade (Gains Network): 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, 2 min ago	1.69 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.4661%	1h	0.2910	−1.756%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	−0.032%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2958	−0.144%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	−0.041%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0001% / S −0.0001%	1h	0.2962	−0.004%	—	—	150x
dYdX JUP-USD	+0.0003%	1h	0.2960	−0.051%	$39K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	−0.109%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2961	−0.047%	$592K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2961	−0.037%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2954	−0.287%	$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	0.2954	−0.270%	$596K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	−0.041%	$18.8M	$9.5M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2962	long leg	$114K	$289K	10x
Binance JUPUSDT	+0.0100%	4h	0.2955	−0.226%	$16.3M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2955	−0.250%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	−0.304%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.169%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2959	−0.101%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.101%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	−0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	−0.203%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	−0.203%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2962	−0.010%	$982K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	−0.067%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	−0.221%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.574%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	−0.014%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.034%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.338%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.068%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	−0.015%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2955	−0.250%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2964	+0.081%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.449%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	−0.034%	$848K	$385K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2953	−0.310%	$2.2M	$502K	25x	as long as short