Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.044%

Price spread now: Aster against Deribit+0.194%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.194% dearer against Deribit than usual: you sell high and buy low: +$19 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	Deribit JUP_USDC-PERPETUAL	0.2952	0	get 0.0000% / 1h	36m 18s	$54K	$16K	10x
Short	Aster JUPUSDT	0.2957	0.0100	get 0.0050% / 4h	3h 36m	$110K	$286K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.194%Rate

Funding earned: $21
Price spread: +0.194% → 0.000%: $19.43
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $25.43
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 16 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 16 min ago	3.37 bp	15.5 bp −$16	doesn't fit	doesn't fit	doesn't fit

Deribit: 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	0.2918	−1.135%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2952	+0.025%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2956	+0.143%	$282K	$146K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0047%	1h	0.2959	+0.237%	$977K	$187K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2957	+0.200%	$39K	$22K	5x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2952	long leg	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+0.058%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	+0.026%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.217%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2956	+0.138%	$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	0.2955	+0.110%	$597K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2956	+0.163%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2957	+0.194%	$110K	$286K	10x
Binance JUPUSDT	+0.0100%	4h	0.2952	+0.017%	$16.2M	$40.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2951	−0.003%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2951	−0.017%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2955	+0.119%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	+0.051%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	+0.152%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	+0.085%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	+0.017%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2946	−0.187%	$718K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.051%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2949	−0.085%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2956	+0.152%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	+0.017%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.220%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	+0.085%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.250%	$62K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2950	−0.059%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2956	+0.159%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2954	+0.083%	$591K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2954	+0.071%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2950	−0.037%	$2.2M	$497K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.312%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2959	+0.254%	$833K	$376K	50x	as long as short