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 BingX−0.085%7-day average 0.000% · 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−$40as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on BingX 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 4 days (all we have)+0.594%+$59 · spread now −0.085%, 7d avg 0.000%

Together, before fees+0.594%+ 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 0.085% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2946	0.0100	pay 0.0050% / 4h	31m 15s	—	$20.7M	—
Short	Nado JUP-PERP	0.2943	0.0100	get 0.0012% / 1h	31m 15s	$592K	$497K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee NadobpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → 0.000%: −$8.45
Slippage, 4 orders: −$14.37
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$39.82
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Nado: live order book, 27 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 BingX live order book, 7 min ago	1.70 bp	7.1 bp −$7	13.4 bp −$134	26.4 bp −$2,635	106.1 bp −$53.1K
Sell Nado live order book, 27 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	0.2907	−1.324%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2945	−0.040%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2961	+0.497%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2945	−0.027%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2945	−0.042%	—	—	150x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2960	+0.491%	$39K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	−0.084%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2946	+0.010%	$590K	$487K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	+0.051%	$778K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	+0.529%	$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	0.2943	−0.085%	$592K	$497K	10x
Hyperliquid JUP	+0.0100%	1h	0.2946	+0.010%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2945	−0.026%	$109K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	0.000%	$16.2M	$41.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2943	−0.119%	$15.8M	$18.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	+0.034%	$4.0M	$11.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.339%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2944	−0.068%	$729K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2944	−0.068%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2944	−0.068%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2945	−0.034%	$5.7M	$5.7M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2946	long leg	—	$20.7M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	+0.455%	$981K	$237K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2927	−0.645%	$715K	$659K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	−0.264%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	−0.068%	$156K	$253K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2945	−0.020%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2945	−0.034%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.034%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.136%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	−0.051%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2946	+0.014%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.278%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2959	+0.424%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2945	−0.034%	$837K	$383K	50x	as long as short
Extended JUP-USD	+0.0456%	1h	0.2944	−0.068%	$2.2M	$502K	25x	as long as short