Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0708%/8h= +77.5% APRpaid last 24h +0.140%

Price spread now: Aster against GMX−0.015%7-day average — · you buy dearer than you sell

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

Long on GMX 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: +$21 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JUP/USD [WBTC.b-USDC]	0.3008	L −0.0608% / S +0.0214%	get 0.0076% / 1h	30m 03s	$13K	—	100x
Short	Aster JUPUSDT	0.3007	0.0100	get 0.0050% / 4h	3h 30m	$109K	$368K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now −0.015%Rate

Funding earned: $148.62
Price spread: −0.015% → 0.000%: −$1.51
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $127.12
Costs to cover: 0.200%
Break-even: 1.0 days

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

GMX: 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	−0.058%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]long	L −0.0608% / S +0.0214%	1h	0.3008	long leg	$13K	—	100x
Gate JUP_USDT	−0.0118%	4h	0.3005	−0.091%	$754K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.3003	−0.165%	$45K	$396K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3009	+0.052%	$58K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3008	+0.004%	$17K	—	150x	as long as short
dYdX JUP-USD	+0.0048%	1h	0.3008	+0.005%	$39K	$41K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3004	−0.121%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0094%	8h	0.3006	−0.066%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3013	+0.181%	$937K	$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	+0.042%	$31K	$52K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3005	−0.091%	$602K	$667K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3014	+0.191%	$19.3M	$14.1M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.3007	−0.015%	$109K	$368K	10x
Pacifica JUP	+0.0100%	1h	0.3006	−0.052%	$288K	$165K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3008	+0.008%	$16.7M	$56.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3007	−0.035%	$16.9M	$23.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.3006	−0.058%	$4.1M	$16.9M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3008	+0.008%	$8.3M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3009	+0.042%	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3006	−0.058%	$5.8M	$8.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3006	−0.058%	—	$21.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3010	+0.078%	$993K	$271K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2997	−0.359%	$736K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3001	−0.224%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2997	−0.357%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3011	+0.121%	$95K	$141K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2999	−0.291%	$113K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3011	+0.108%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3003	−0.171%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3011	+0.111%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0124%	4h	0.3003	−0.158%	$869K	$277K	50x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.3010	+0.088%	$27K	$19K	5x	as long as short
Extended JUP-USD	+0.0200%	1h	0.3005	−0.076%	$2.2M	$542K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3009	+0.052%	$75K	$95K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0283%	1h	0.3009	+0.042%	$608K	$623K	20x	as long as short