Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −1.354%

Price spread now: Aster against dYdX−0.068%7-day average — · you buy dearer than you sell

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

Long on dYdX 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

Funding pays, the price is against you. Aster is 0.068% cheaper against dYdX than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.3011	0.0046	pay 0.0006% / 1h	29m 31s	$39K	$41K	5x
Short	Aster JUPUSDT	0.3009	0.0100	get 0.0050% / 4h	3h 29m	$109K	$368K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now −0.068%Rate

Funding earned: $11.31
Price spread: −0.068% → 0.000%: −$6.76
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.46
Costs to cover: 0.180%
Break-even: 15.3 days

Slippage unknown: dYdX: no order-book sample; Aster: live order book, 18 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 dYdX no order-book sample	—	—	—	—	—
Sell Aster live order book, 18 min ago	3.36 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit

dYdX: 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	−0.4049%	1h	0.3006	−0.166%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0608% / S +0.0214%	1h	0.3008	−0.108%	$13K	—	100x	as long as short
Gate JUP_USDT	−0.0104%	4h	0.3003	−0.266%	$754K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.3003	−0.272%	$45K	$396K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3009	−0.056%	$58K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3008	−0.104%	$17K	—	150x	as long as short
dYdX JUP-USDlong	+0.0046%	1h	0.3011	long leg	$39K	$41K	5x
Reya JUPRUSDPERP	+0.0057%	1h	0.3004	−0.229%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0094%	8h	0.3005	−0.188%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3009	−0.056%	$935K	$1.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_JUP_USDC	+0.0099%	4h	0.3009	−0.066%	$31K	$52K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2997	−0.457%	$600K	$667K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3014	+0.086%	$19.3M	$14.1M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.3009	−0.068%	$109K	$368K	10x
Pacifica JUP	+0.0100%	1h	0.3007	−0.136%	$286K	$175K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3004	−0.223%	$16.7M	$56.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3001	−0.316%	$16.8M	$23.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2997	−0.465%	$4.1M	$16.9M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3004	−0.232%	$8.3M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3007	−0.133%	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3003	−0.266%	$5.8M	$8.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3004	−0.232%	—	$21.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3010	−0.030%	$993K	$271K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2997	−0.466%	$736K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3001	−0.332%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2997	−0.465%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3011	+0.013%	$95K	$141K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2999	−0.399%	$113K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3011	0.000%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3003	−0.279%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3011	+0.003%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0124%	4h	0.3003	−0.266%	$869K	$277K	50x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.3004	−0.249%	$27K	$19K	5x	as long as short
Extended JUP-USD	+0.0200%	1h	0.3002	−0.292%	$2.2M	$542K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3009	−0.056%	$75K	$95K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0283%	1h	0.3009	−0.066%	$608K	$623K	20x	as long as short