Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.029%

Price spread now: Aster against gTrade (Gains Network)−0.017%52s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.2969	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	40m 30s	$17K	—	150x
Short	Aster JUPUSDT	0.2969	0.0100	get 0.0050% / 4h	2h 40m	$107K	$366K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.017%Rate

Funding earned: $20.66
Price spread: −0.017% → 0.000%: −$1.71
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $0.95
Costs to cover: 0.180%
Break-even: 6.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 46 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 46 min ago	1.67 bp	16.3 bp −$16	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	0.2929	−1.349%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0748% / S +0.0258%	1h	0.2969	+0.010%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0348%	4h	0.2965	−0.137%	$16.3M	$24.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0053%	1h	0.2970	+0.035%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0004%	4h	0.2965	−0.137%	$740K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2971	+0.079%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0002% / S −0.0001%	1h	0.2969	long leg	$17K	—	150x
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2970	+0.040%	$603K	$623K	20x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2970	+0.029%	$39K	$36K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0044%	1h	0.2969	−0.002%	$984K	$268K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0056%	1h	0.2970	+0.022%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2967	−0.063%	—	—	20x	as long as short
Variational Omni JUP	+0.0089%	4h	0.2965	−0.136%	$725K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2968	−0.036%	$9K	$15K	10x	as long as short
BloFin JUP-USDT	+0.0094%	4h	0.2966	−0.103%	$868K	$329K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.072%	$894K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2970	+0.032%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.086%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.086%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2969	−0.017%	$107K	$366K	10x
Pacifica JUP	+0.0100%	1h	0.2968	−0.045%	$283K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	−0.055%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2966	−0.103%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	−0.069%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2969	−0.002%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.069%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2966	−0.103%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.271%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	−0.271%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	+0.109%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.305%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2972	+0.099%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.120%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2966	−0.108%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.628%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2966	−0.111%	$2.2M	$539K	25x	as long as short