Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h +0.033%

Price spread now: Kraken Futures against Aster−0.026%7-day average +0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$800.803% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.793%+$79 on $10k

Price spread, last 3 days (all we have)+0.192%+$19 · spread now −0.026%, 7d avg +0.076%

Together, before fees+0.985%+ Points / potential airdropAster: Stage 5 · farm board+$99 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.102% cheaper against Aster than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.076%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.793%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.2951	0.0100	pay 0.0050% / 4h	2h 08m	$114K	$317K	10x
Short	Kraken Futures PF_JUPUSD	0.2951	−0.0024	pay 0.0003% / 1h	8m 55s	$589K	$506K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$26
Price spread: −0.026% → +0.076%: −$10.15
Slippage, 4 orders: −$62.25
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$116.4
Costs to cover: 0.803%
Break-even: never at this rate

Slippage from Aster: live order book, 58 min ago; Kraken Futures: live order book, 59 min ago.

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, 58 min ago	3.33 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 59 min ago	11.62 bp	25.2 bp −$25	98.4 bp −$984	doesn't fit	doesn't fit

JUP on 35 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	−0.4347%	1h	0.2917	−1.161%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2949	−0.092%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2949	−0.079%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0149%	4h	0.2946	−0.178%	$15.8M	$19.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0055%	1h	0.2949	−0.077%	$54K	$16K	10x	as long as short
Kraken Futures PF_JUPUSDshort	−0.0024%	1h	0.2951	−0.026%	$589K	$506K	20x
OKX JUP-USDT-SWAP	−0.0013%	4h	0.2949	−0.077%	$4.0M	$13.3M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2950	−0.051%	—	—	150x	as long as short
Variational Omni JUP	+0.0026%	4h	0.2953	+0.058%	$721K	$750K	—	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2948	−0.110%	$736K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2947	−0.153%	—	—	20x	as long as short
dYdX JUP-USD	+0.0070%	1h	0.2949	−0.063%	$39K	$28K	5x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2948	−0.100%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2952	+0.012%	$780K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2946	−0.178%	$596K	$528K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	+0.008%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2951	long leg	$114K	$317K	10x
Binance JUPUSDT	+0.0100%	4h	0.2948	−0.110%	$16.2M	$44.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2956	+0.161%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	−0.077%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2949	−0.077%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2948	−0.110%	$5.7M	$6.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2949	−0.077%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2949	−0.073%	$976K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+0.296%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.127%	$157K	$285K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	−0.046%	$93K	$109K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2949	−0.077%	$31K	$43K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2941	−0.348%	$111K	$48K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	+0.093%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.127%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2948	−0.117%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2954	+0.096%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	+0.083%	$74K	$51K	50x	as long as short
Extended JUP-USD	+0.0456%	1h	0.2947	−0.161%	$2.2M	$488K	25x	as long as short