Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Nado against Aster−0.066%7-day average −0.037% · 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−$55as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.440%+$44 · spread now −0.066%, 7d avg −0.037%

Together, before fees+0.440%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.029% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.2966	0.0100	pay 0.0050% / 4h	1h 01m	$107K	$359K	10x
Short	Nado JUP-PERP	0.2964	0.0100	get 0.0012% / 1h	1m 24s	$613K	$669K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.037%: −$2.88
Slippage, 4 orders: −$37
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$54.88
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from Aster: live order book, 16 min ago; Nado: live order book, 17 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, 16 min ago	1.69 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 17 min ago	1.01 bp	8.2 bp −$8	40.7 bp −$407	doesn't fit	doesn't fit

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	−0.3508%	1h	0.2923	−1.448%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2966	−0.002%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2965	−0.045%	$282K	$169K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2964	−0.071%	$601K	$618K	20x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2966	+0.005%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2963	−0.089%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2965	−0.015%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0026%	4h	0.2964	−0.066%	$747K	$1.9M	75x	as long as short
Bybit JUPUSDT	+0.0056%	4h	0.2962	−0.143%	$16.2M	$23.1M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	−0.121%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0078%	8h	0.2964	−0.055%	$9K	$13K	10x	as long as short
Backpack JUP_USDC_PERP	+0.0080%	1h	0.2964	−0.072%	$981K	$252K	10x	as long as short
BloFin JUP-USDT	+0.0088%	4h	0.2958	−0.268%	$842K	$327K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2967	+0.042%	$795K	$1.3M	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2964	−0.066%	$613K	$669K	10x
Hyperliquid JUP	+0.0100%	1h	0.2971	+0.160%	$19.1M	$13.3M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2966	long leg	$107K	$359K	10x
Binance JUPUSDT	+0.0100%	4h	0.2965	−0.032%	$16.4M	$54.1M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	−0.133%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	−0.436%	$57K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2965	−0.032%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	+0.036%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2965	−0.032%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2964	−0.066%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	−0.332%	$714K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	−0.143%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.200%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	+0.137%	$93K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2966	+0.002%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2955	−0.369%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.036%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2964	−0.080%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0119%	1h	0.2965	−0.046%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2962	−0.150%	$96K	$441K	10x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2962	−0.119%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2964	−0.066%	$74K	$94K	50x	as long as short