Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.002%

Price spread now: Paradex against Aster+0.105%7-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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.105% dearer against Aster than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.2949	0.0100	pay 0.0050% / 4h	2h 32m	$114K	$323K	10x
Short	Paradex JUP-USD-PERP	0.2952	0.0088	get 0.0088% / 8h	6h 32m	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$2.43
Price spread: +0.105% → 0.000%: $10.53
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.9
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 34 min ago; Paradex: 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, 34 min ago	3.33 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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	0.2901	−1.629%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2952	+0.101%	$281K	$149K	10x	as long as short
Bybit JUPUSDT	−0.0279%	4h	0.2950	+0.033%	$15.8M	$20.3M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2946	−0.086%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0073%	4h	0.2952	+0.101%	$4.0M	$14.5M	50x	as long as short
Gate JUP_USDT	−0.0028%	4h	0.2948	−0.035%	$727K	$1.5M	75x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2948	−0.052%	$590K	$526K	20x	as long as short
Variational Omni JUP	−0.0015%	4h	0.2943	−0.220%	$718K	$766K	—	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2947	−0.065%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	−0.061%	—	—	150x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0019%	1h	0.2951	+0.051%	$39K	$29K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2948	−0.028%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2946	−0.118%	—	—	20x	as long as short
Paradex JUP-USD-PERPshort	+0.0088%	8h	0.2952	+0.105%	$9K	$11K	10x
Lighter JUP	+0.0096%	1h	0.2955	+0.192%	$781K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	−0.035%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2946	−0.103%	$599K	$605K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2954	+0.186%	$18.8M	$11.1M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2949	long leg	$114K	$323K	10x
Binance JUPUSDT	+0.0100%	4h	0.2952	+0.086%	$16.3M	$46.8M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.438%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	+0.135%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	+0.101%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	+0.135%	$5.7M	$6.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2949	−0.001%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2947	−0.076%	$976K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	+0.029%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.035%	$157K	$302K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.026%	$93K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2942	−0.238%	$111K	$55K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	−0.154%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2937	−0.425%	$97K	$402K	10x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2949	−0.010%	$2.2M	$486K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2949	+0.013%	$74K	$53K	50x	as long as short
Phemex JUPUSDT	+0.0323%	4h	0.2951	+0.067%	$2.9M	$3.6M	50x	as long as short