Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Binance+0.170%7-day average −0.020% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.593%+$59 · spread now +0.170%, 7d avg −0.020%

Together, before fees+0.592%+ Points / potential airdropNado: Active · farm board+$59 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 0.190% dearer against Binance than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JUPUSDT	0.2949	0.0100	pay 0.0050% / 4h	53m 59s	$16.2M	$42.4M	75x
Short	Nado JUP-PERP	0.2954	0.0100	get 0.0012% / 1h	53m 59s	$596K	$502K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now +0.170%Rate

Funding earned: $0
Price spread: +0.170% → −0.020%: $18.99
Slippage, 4 orders: −$25.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.08
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Nado: live order book, 4 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 Binance live order book, 3 min ago	1.69 bp	11.9 bp −$12	26.4 bp −$264	311.4 bp −$31.1K	doesn't fit
Sell Nado live order book, 4 min ago	1.87 bp	8.5 bp −$8	34.7 bp −$347	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	−0.4661%	1h	0.2910	−1.322%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	+0.080%	$16K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0190%	1h	0.2951	+0.054%	$54K	$16K	10x	as long as short
Pacifica JUP	−0.0125%	1h	0.2958	+0.296%	$282K	$147K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+0.129%	—	—	150x	as long as short
dYdX JUP-USD	+0.0003%	1h	0.2960	+0.390%	$39K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	+0.069%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2952	+0.099%	$590K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	+0.163%	$781K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2954	+0.153%	$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-PERPshort	+0.0100%	1h	0.2954	+0.170%	$596K	$502K	10x
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.146%	$18.7M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.189%	$114K	$289K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2949	long leg	$16.2M	$42.4M	75x
Bybit JUPUSDT	+0.0100%	4h	0.2949	−0.003%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2949	0.000%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.271%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2954	+0.170%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	0.000%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	+0.170%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2950	+0.034%	$5.7M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	+0.102%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2950	+0.020%	$978K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	+0.373%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.219%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.136%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.214%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	+0.068%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	+0.136%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2955	+0.203%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	+0.053%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2955	+0.190%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2960	+0.390%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.010%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.407%	$848K	$385K	50x	as long as short
Extended JUP-USD	+0.0424%	1h	0.2949	0.000%	$2.2M	$502K	25x	as long as short