Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.037%

Price spread now: Aster against Coinbase International−0.049%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.049% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 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	Coinbase International JUP-PERP-INTX	0.2949	0.0208	pay 0.0026% / 1h	57m 09s	$74K	$49K	50x
Short	Aster JUPUSDT	0.2947	0.0100	get 0.0050% / 4h	57m 09s	$114K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$22.68
Price spread: −0.049% → 0.000%: −$4.93
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 65 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 65 min ago	1.70 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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	−0.4661%	1h	0.2910	−1.309%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.154%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2939	−0.315%	$280K	$147K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2941	−0.241%	$38K	$26K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2954	+0.180%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+0.146%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2946	−0.095%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2955	+0.226%	$591K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	+0.278%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2940	−0.278%	$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-PERP	+0.0100%	1h	0.2944	−0.156%	$594K	$501K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2949	+0.027%	$18.7M	$9.6M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2947	−0.049%	$114K	$289K	10x
Binance JUPUSDT	+0.0100%	4h	0.2952	+0.107%	$16.3M	$42.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2951	+0.081%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2954	+0.183%	$4.0M	$12.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.149%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2946	−0.088%	$731K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	+0.115%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	+0.047%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	+0.217%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2951	+0.081%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2945	−0.129%	$977K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.024%	$720K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	+0.035%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	+0.149%	$157K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2948	−0.010%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2954	+0.183%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.088%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0101%	4h	0.2958	+0.319%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	+0.202%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2943	−0.193%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0208%	1h	0.2949	long leg	$74K	$49K	50x
Phoenix JUP	+0.0244%	1h	0.2949	+0.003%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2953	+0.149%	$846K	$384K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2953	+0.135%	$2.2M	$502K	25x	as long as short