Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −1.159%

Price spread now: Paradex against dYdX−0.052%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 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

Funding pays, the price is against you. Paradex is 0.052% cheaper against dYdX than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.2976	0.0063	pay 0.0008% / 1h	4m 42s	$39K	$32K	5x
Short	Paradex JUP-USD-PERP	0.2974	0.0083	get 0.0083% / 8h	4m 42s	$9K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.052%Rate

Funding earned: $4.04
Price spread: −0.052% → 0.000%: −$5.18
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.14
Costs to cover: 0.140%
Break-even: 33.3 days

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

dYdX and 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	−0.4371%	1h	0.2938	−1.262%	$3K	$206K	5.5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0221%	1h	0.2972	−0.113%	$56K	$14K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2973	−0.079%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2973	−0.089%	$599K	$589K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2974	−0.068%	$283K	$165K	10x	as long as short
Bybit JUPUSDT	−0.0060%	4h	0.2971	−0.153%	$16.2M	$22.1M	50x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.2971	−0.156%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2974	−0.049%	$17K	—	150x	as long as short
Variational Omni JUP	+0.0036%	4h	0.2967	−0.301%	$718K	$776K	—	as long as short
OKX JUP-USDT-SWAP	+0.0040%	4h	0.2972	−0.119%	$4.1M	$16.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	−0.217%	—	—	20x	as long as short
Gate JUP_USDT	+0.0058%	4h	0.2972	−0.119%	$743K	$1.8M	75x	as long as short
dYdX JUP-USDlong	+0.0063%	1h	0.2976	long leg	$39K	$32K	5x
Paradex JUP-USD-PERPshort	+0.0083%	8h	0.2974	−0.052%	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.2977	+0.039%	$796K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2973	−0.086%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2969	−0.203%	$616K	$647K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2979	+0.106%	$19.1M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2974	−0.041%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2973	−0.086%	$16.3M	$51.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2972	−0.119%	$62K	$9K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2973	−0.086%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2974	−0.052%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2974	−0.052%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2972	−0.119%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2973	−0.103%	$984K	$233K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2974	−0.052%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2970	−0.187%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2978	+0.069%	$94K	$119K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2963	−0.422%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.049%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2970	−0.195%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0107%	4h	0.2970	−0.187%	$840K	$303K	50x	as long as short
Extended JUP-USD	+0.0128%	1h	0.2971	−0.139%	$2.2M	$507K	25x	as long as short
Phoenix JUP	+0.0162%	1h	0.2976	+0.028%	$97K	$479K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.082%	$74K	$91K	50x	as long as short