Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Nado against GRVT−0.209%61s7-day average −0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$420.425% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.297%+$30 · spread now −0.209%, 7d avg −0.018%

Together, before fees+0.317%+ Points / potential airdropGRVT: Active · Nado: Active · farm board+$32 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: Nado is 0.192% cheaper against GRVT than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 61 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	GRVT JUP_USDT_Perp	0.2989	0.0100	pay 0.0050% / 4h	32m 01s	$1.6M	$3.9M	10x
Short	Nado JUP-PERP	0.2983	0.0100	get 0.0012% / 1h	32m 01s	$615K	$658K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpOrdersPrice spread, now −0.209%Rate

Funding earned: $0
Price spread: −0.209% → −0.018%: −$19.15
Slippage, 4 orders: −$26.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$61.65
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Nado: live order book, 46 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	1.67 bp	13.0 bp −$13	54.4 bp −$544	doesn't fit	doesn't fit
Sell Nado live order book, 46 min ago	1.01 bp	8.2 bp −$8	40.7 bp −$407	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	−0.4371%	1h	0.2950	−1.305%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2985	−0.118%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2987	−0.050%	$602K	$601K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2984	−0.181%	$284K	$168K	10x	as long as short
Bybit JUPUSDT	−0.0005%	4h	0.2980	−0.288%	$16.3M	$22.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2986	−0.114%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2986	−0.084%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0048%	1h	0.2985	−0.120%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2983	−0.213%	—	—	20x	as long as short
Gate JUP_USDT	+0.0058%	4h	0.2985	−0.134%	$748K	$1.8M	75x	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	+0.0074%	1h	0.2987	−0.080%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0085%	8h	0.2983	−0.189%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2987	−0.080%	$798K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2986	−0.100%	$31K	$48K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2983	−0.209%	$615K	$658K	10x
Aster JUPUSDT	+0.0100%	4h	0.2986	−0.091%	$116K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2984	−0.169%	$16.4M	$53.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2981	−0.268%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	−0.134%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2984	−0.167%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2986	−0.100%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2986	−0.100%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2983	−0.201%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2985	−0.144%	$988K	$244K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2984	−0.179%	$722K	$1.0M	—	as long as short
GRVT JUP_USDT_Perplong	+0.0100%	4h	0.2989	long leg	$1.6M	$3.9M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2988	−0.033%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2989	−0.013%	$94K	$128K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2977	−0.401%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2990	+0.033%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2982	−0.239%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0139%	4h	0.2987	−0.067%	$851K	$329K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2989	−0.007%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0163%	1h	0.2988	−0.020%	$19.2M	$13.1M	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.381%	$75K	$93K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2981	−0.268%	$2.2M	$507K	25x	as long as short