Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.001%

Price spread now: Paradex against BingX−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX 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 airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Paradex is 0.027% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2968	0.0100	pay 0.0050% / 4h	2h 56m	—	$21.5M	—
Short	Paradex JUP-USD-PERP	0.2967	0.0088	get 0.0088% / 8h	2h 56m	$9K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BingX. 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 BingXbpFee ParadexbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$2.57
Price spread: −0.027% → 0.000%: −$2.69
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.26
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 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 BingX live order book, 12 min ago	1.68 bp	6.7 bp −$7	13.7 bp −$137	26.1 bp −$2,610	151.5 bp −$75.7K
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 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	−0.5000%	1h	0.2941	−0.910%	$47K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0696% / S +0.0242%	1h	0.2972	+0.122%	$13K	—	100x	as long as short
Backpack JUP_USDC_PERP	−0.0411%	1h	0.2971	+0.115%	$985K	$274K	10x	as long as short
Bybit JUPUSDT	−0.0355%	4h	0.2972	+0.135%	$16.3M	$24.2M	50x	as long as short
01 Exchange JUPUSD	−0.0256%	1h	0.2967	−0.030%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0053%	1h	0.2971	+0.088%	$57K	$13K	10x	as long as short
Gate JUP_USDT	−0.0014%	4h	0.2966	−0.067%	$740K	$1.9M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2972	+0.135%	$39K	$38K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2974	+0.202%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2971	+0.092%	$17K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2972	+0.146%	$603K	$624K	20x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2968	+0.002%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0078%	4h	0.2968	0.000%	$870K	$331K	50x	as long as short
Paradex JUP-USD-PERPshort	+0.0088%	8h	0.2967	−0.027%	$9K	$15K	10x
Lighter JUP	+0.0096%	1h	0.2974	+0.206%	$912K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2970	+0.067%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2967	−0.034%	$597K	$676K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2975	+0.243%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	+0.067%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2968	+0.008%	$283K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	+0.135%	$16.5M	$56.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2972	+0.135%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2970	+0.067%	$8.0M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2972	+0.135%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2971	+0.101%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2968	long leg	—	$21.5M	—
Variational Omni JUP	+0.0100%	4h	0.2979	+0.355%	$728K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2978	+0.335%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2975	+0.236%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2973	+0.165%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2962	−0.202%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.236%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2978	+0.334%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2968	−0.015%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2971	+0.116%	$2.2M	$542K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.664%	$74K	$95K	50x	as long as short