Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.028%

Price spread now: Paradex against gTrade (Gains Network)−0.114%7-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 Paradex

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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.114% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 6.1 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	gTrade (Gains Network) JUP/USD	0.2947	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	36m 29s	$17K	—	150x
Short	Paradex JUP-USD-PERP	0.2944	0.0063	get 0.0063% / 8h	1h 36m	$9K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.114%Rate

Funding earned: $12.96
Price spread: −0.114% → 0.000%: −$11.38
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.41
Costs to cover: 0.140%
Break-even: 13.7 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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	−0.3508%	1h	0.2918	−0.986%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0542% / S +0.0375%	1h	0.2946	−0.030%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2946	−0.052%	$281K	$172K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0259%	1h	0.2947	+0.002%	$56K	$14K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2947	+0.014%	$598K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0104%	1h	0.2943	−0.127%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0024%	4h	0.2944	−0.103%	$733K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0002% / S −0.0001%	1h	0.2947	long leg	$17K	—	150x
Bybit JUPUSDT	+0.0024%	4h	0.2942	−0.168%	$16.1M	$23.7M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2943	−0.133%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0062%	1h	0.2949	+0.052%	$39K	$35K	5x	as long as short
Paradex JUP-USD-PERPshort	+0.0063%	8h	0.2944	−0.114%	$9K	$15K	10x
BloFin JUP-USDT	+0.0070%	4h	0.2948	+0.032%	$847K	$327K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	+0.025%	$790K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2944	−0.087%	$611K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2948	+0.039%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2949	+0.077%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2944	−0.103%	$16.2M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2944	−0.103%	$4.0M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2944	−0.103%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2948	+0.032%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	−0.036%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2944	−0.103%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2947	+0.002%	$975K	$260K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2955	+0.275%	$714K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.337%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2959	+0.405%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2949	+0.059%	$93K	$136K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	−0.036%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.002%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2951	+0.134%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.338%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2943	−0.137%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2943	−0.122%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2959	+0.399%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.440%	$74K	$94K	50x	as long as short