Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0373%/8h= +40.8% APRpaid last 24h +0.214%

Price spread now: Paradex against GMX−0.053%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 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 0.053% cheaper against GMX than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JUP/USD [WBTC.b-USDC]	0.2933	L −0.0275% / S +0.0618%	get 0.0034% / 1h	1m 42s	$16K	—	100x
Short	Paradex JUP-USD-PERP	0.2931	0.0098	get 0.0098% / 8h	1m 42s	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.053%Rate

Funding earned: $78.24
Price spread: −0.053% → 0.000%: −$5.3
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $56.94
Costs to cover: 0.160%
Break-even: 1.9 days

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX 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	−0.3836%	1h	0.2886	−1.589%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]long	L −0.0275% / S +0.0618%	1h	0.2933	long leg	$16K	—	100x
Pacifica JUP	−0.0058%	1h	0.2932	−0.013%	$280K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2932	−0.020%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2932	−0.012%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0029%	1h	0.2933	+0.024%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2931	−0.051%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2935	+0.079%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERPshort	+0.0098%	8h	0.2931	−0.053%	$9K	$11K	10x
Nado JUP-PERP	+0.0100%	1h	0.2932	−0.037%	$577K	$491K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2935	+0.082%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2933	+0.002%	$101K	$294K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2932	−0.020%	$16.1M	$38.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2930	−0.088%	$15.9M	$17.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2932	−0.020%	$4.0M	$10.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2931	−0.054%	$699K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2933	+0.014%	$7.1M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2933	+0.014%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2933	+0.014%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2932	−0.020%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2932	−0.013%	$970K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2927	−0.187%	$711K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2930	−0.088%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2931	−0.054%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2935	+0.069%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2932	−0.020%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2921	−0.395%	$110K	$42K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2928	−0.146%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2931	−0.061%	$2.2M	$580K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2929	−0.105%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2934	+0.055%	$26K	$2K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2935	+0.096%	$75K	$49K	50x	as long as short
Phemex JUPUSDT	+0.0321%	4h	0.2936	+0.116%	$2.9M	$3.0M	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2928	−0.157%	$816K	$375K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2935	+0.069%	$105K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0413%	1h	0.2934	+0.056%	$577K	$415K	20x	as long as short