Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.005%

Price spread now: Nado against BloFin+0.034%7-day average −0.038% · 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−$39as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.116%−$12 on $10k

Price spread, last 3 days (all we have)−0.225%−$23 · spread now +0.034%, 7d avg −0.038%

Together, before fees−0.341%+ Points / potential airdropNado: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.072% dearer against BloFin than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.038%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 3 days (−0.116% in total) that is about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JUP-USDT	0.2959	0.0156	pay 0.0078% / 4h	2h 34m	$859K	$328K	50x
Short	Nado JUP-PERP	0.2960	0.0100	get 0.0012% / 1h	34m 38s	$597K	$667K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now +0.034%Rate

Funding earned: −$11.78
Price spread: +0.034% → −0.038%: $7.19
Slippage, 4 orders: −$27.24
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$50.83
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from BloFin: live order book, 52 min ago; Nado: live order book, 53 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 BloFin live order book, 52 min ago	1.67 bp	16.7 bp −$17	20.8 bp −$208	110.8 bp −$11.1K	doesn't fit
Sell Nado live order book, 53 min ago	2.51 bp	8.5 bp −$8	40.1 bp −$401	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	−0.5000%	1h	0.2930	−0.980%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0799% / S +0.0274%	1h	0.2964	+0.185%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0248%	4h	0.2963	+0.142%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0053%	1h	0.2965	+0.206%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2963	+0.128%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2964	+0.176%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2964	+0.182%	$601K	$623K	20x	as long as short
Gate JUP_USDT	+0.0012%	4h	0.2962	+0.101%	$739K	$1.9M	75x	as long as short
dYdX JUP-USD	+0.0042%	1h	0.2966	+0.233%	$39K	$36K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	+0.123%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0072%	1h	0.2968	+0.304%	$26K	$19K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0085%	1h	0.2965	+0.220%	$983K	$267K	10x	as long as short
Variational Omni JUP	+0.0090%	4h	0.2959	+0.013%	$724K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2966	+0.247%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2969	+0.335%	$886K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2965	+0.203%	$31K	$51K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2960	+0.034%	$597K	$667K	10x
Hyperliquid JUP	+0.0100%	1h	0.2969	+0.338%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2965	+0.202%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2966	+0.224%	$283K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2966	+0.237%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2964	+0.169%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2966	+0.237%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	+0.270%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2965	+0.203%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2965	+0.203%	—	$21.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	+0.243%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2965	+0.203%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.277%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2955	−0.135%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.304%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.220%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	+0.101%	$40K	—	3x	as long as short
BloFin JUP-USDTlong	+0.0156%	4h	0.2959	long leg	$859K	$328K	50x
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.970%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2964	+0.166%	$2.2M	$539K	25x	as long as short