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 0.000%

Price spread now: Nado against Bitget−0.101%52s7-day average +0.008% · 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—prices read too far apart to compare

costs, in and out, $10k−$450.451% of the position

Long on Bitget 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 3 days (all we have)+0.488%+$49 · spread now −0.101%, 7d avg +0.008%

Together, before fees+0.487%+ Points / potential airdropNado: Active · farm board+$49 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 0.109% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JUPUSDT	0.2967	0.0100	pay 0.0050% / 4h	1h 00m	$5.7M	$8.1M	75x
Short	Nado JUP-PERP	0.2964	0.0100	get 0.0012% / 1h	0m 35s	$613K	$669K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → +0.008%: −$10.87
Slippage, 4 orders: −$26.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$56.02
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Nado: live order book, 18 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 Bitget live order book, 3 min ago	3.38 bp	12.1 bp −$12	33.7 bp −$337	doesn't fit	doesn't fit
Sell Nado live order book, 18 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	−1.483%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2966	−0.038%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2968	+0.020%	$283K	$169K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2965	−0.057%	$601K	$618K	20x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2969	+0.078%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2966	−0.030%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2965	−0.051%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0032%	4h	0.2966	−0.034%	$748K	$1.9M	75x	as long as short
BloFin JUP-USDT	+0.0042%	4h	0.2968	+0.034%	$845K	$328K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	−0.157%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDT	+0.0067%	4h	0.2965	−0.067%	$16.2M	$23.1M	50x	as long as short
Paradex JUP-USD-PERP	+0.0078%	8h	0.2967	+0.005%	$9K	$13K	10x	as long as short
Backpack JUP_USDC_PERP	+0.0081%	1h	0.2969	+0.061%	$982K	$252K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.121%	$796K	$1.3M	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2964	−0.101%	$613K	$669K	10x
Hyperliquid JUP	+0.0100%	1h	0.2973	+0.216%	$19.1M	$13.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2968	+0.034%	$107K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2968	+0.019%	$16.4M	$54.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2965	−0.067%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	0.000%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2970	+0.101%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.2967	long leg	$5.7M	$8.1M	75x
BingX JUP-USDT	+0.0100%	4h	0.2965	−0.067%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	−0.367%	$714K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	−0.178%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.236%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	+0.101%	$93K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2966	−0.034%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.303%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2969	+0.067%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.034%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2964	−0.115%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0120%	1h	0.2969	+0.052%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2962	−0.185%	$96K	$441K	10x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2965	−0.062%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2964	−0.101%	$74K	$94K	50x	as long as short