Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0497%/8h= +54.4% APRpaid last 24h −0.001%

Price spread now: Paradex against Bybit+0.100%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 for this trade now. Funding pays +$15 a day on $10k at the current rate, and Paradex is 0.100% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2960	−0.0409	get 0.0204% / 4h	2h 47m	$16.2M	$24.1M	50x
Short	Paradex JUP-USD-PERP	0.2963	0.0089	get 0.0089% / 8h	2h 47m	$9K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now +0.100%Rate

Funding earned: $104.42
Price spread: +0.100% → 0.000%: $9.98
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: $99.41
Costs to cover: 0.150%
Break-even: 0.3 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.69 bp	14.3 bp −$14	40.1 bp −$401	315.8 bp −$31.6K	doesn't fit
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	0.2934	−0.865%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0725% / S +0.0251%	1h	0.2965	+0.167%	$13K	—	100x	as long as short
Bybit JUPUSDTlong	−0.0409%	4h	0.2960	long leg	$16.2M	$24.1M	50x
Backpack JUP_USDC_PERP	−0.0090%	1h	0.2964	+0.159%	$983K	$270K	10x	as long as short
Gate JUP_USDT	−0.0034%	4h	0.2960	+0.014%	$738K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2966	+0.209%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2966	+0.206%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2965	+0.179%	$17K	—	150x	as long as short
dYdX JUP-USD	+0.0004%	1h	0.2961	+0.047%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0008%	1h	0.2966	+0.203%	$26K	$19K	5x	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	0.2966	+0.222%	$602K	$624K	20x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	+0.059%	—	—	20x	as long as short
Paradex JUP-USD-PERPshort	+0.0089%	8h	0.2963	+0.100%	$9K	$15K	10x
Lighter JUP	+0.0096%	1h	0.2966	+0.213%	$900K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2965	+0.182%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	+0.081%	$597K	$672K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2966	+0.232%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	+0.136%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	+0.094%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2963	+0.104%	$16.4M	$56.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2961	+0.047%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.172%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	+0.115%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.115%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.047%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	+0.081%	—	$21.6M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	−0.003%	$724K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	+0.148%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2964	+0.149%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	+0.368%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2955	−0.155%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.284%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	+0.064%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0143%	4h	0.2958	−0.054%	$864K	$330K	50x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2960	+0.005%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.949%	$74K	$95K	50x	as long as short