Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against GRVT−0.237%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.698%−$70 · spread now −0.237%, 7d avg +0.005%

Together, before fees−0.702%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$70 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.243% cheaper against GRVT than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT JUP_USDT_Perp	0.2950	0.0100	pay 0.0050% / 4h	57m 22s	$1.6M	$3.8M	10x
Short	Aster JUPUSDT	0.2943	0.0100	get 0.0050% / 4h	57m 22s	$114K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now −0.237%Rate

Funding earned: $0
Price spread: −0.237% → +0.005%: −$24.25
Slippage, 4 orders: −$43.38
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$84.64
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Aster: live order book, 65 min ago.

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 GRVT live order book, 2 min ago	1.69 bp	15.2 bp −$15	116.8 bp −$1,168	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	1.70 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit

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	−0.4661%	1h	0.2921	−0.971%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.119%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2939	−0.350%	$280K	$147K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2941	−0.276%	$38K	$26K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2947	−0.089%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+0.111%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2946	−0.130%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2947	−0.096%	$590K	$488K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2943	−0.218%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2940	−0.312%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2944	−0.191%	$594K	$501K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2949	−0.008%	$18.7M	$9.6M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2943	−0.237%	$114K	$289K	10x
Binance JUPUSDT	+0.0100%	4h	0.2949	−0.016%	$16.2M	$42.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2950	+0.013%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	+0.114%	$4.0M	$12.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.114%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2946	−0.123%	$731K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	−0.123%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2946	−0.123%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2945	−0.157%	$5.7M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2951	+0.046%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2945	−0.164%	$977K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.059%	$720K	$693K	—	as long as short
GRVT JUP_USDT_Perplong	+0.0100%	4h	0.2950	long leg	$1.6M	$3.8M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	+0.114%	$157K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2948	−0.045%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2954	+0.148%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.123%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2952	+0.080%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	+0.167%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2943	−0.228%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2957	+0.260%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.031%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2950	+0.013%	$845K	$384K	50x	as long as short
Extended JUP-USD	+0.0440%	1h	0.2940	−0.341%	$2.2M	$502K	25x	as long as short