Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against HTX+0.076%7-day average +0.177% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2312.310% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.076%, 7d avg +0.177%

Together, before fees+0.039%+ Points / potential airdropNado: Active · farm board+$4 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 0.101% cheaper against HTX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.177%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2952	0.0100	pay 0.0050% / 4h	2h 09m	$111K	$49K	20x
Short	Nado JUP-PERP	0.2954	0.0100	get 0.0012% / 1h	9m 46s	$597K	$529K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.177%: −$10.1
Slippage, 4 orders: −$211.98
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$241.08
Costs to cover: 2.310%
Break-even: never at this rate

Slippage from HTX: live order book, 56 min ago; Nado: live order book, 58 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 HTX live order book, 56 min ago	11.66 bp	101.6 bp −$102	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 58 min ago	1.99 bp	8.7 bp −$9	36.9 bp −$369	doesn't fit	doesn't fit

JUP on 35 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	−0.4347%	1h	0.2917	−1.186%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2956	+0.142%	$282K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2953	+0.019%	$16K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0156%	1h	0.2952	+0.014%	$54K	$16K	10x	as long as short
Bybit JUPUSDT	−0.0156%	4h	0.2948	−0.136%	$15.8M	$19.7M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2954	+0.052%	$590K	$506K	20x	as long as short
OKX JUP-USDT-SWAP	−0.0015%	4h	0.2948	−0.136%	$4.0M	$13.3M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+0.044%	—	—	150x	as long as short
Variational Omni JUP	+0.0026%	4h	0.2953	+0.033%	$721K	$750K	—	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	0.000%	—	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0060%	4h	0.2953	+0.034%	$737K	$1.5M	75x	as long as short
dYdX JUP-USD	+0.0071%	1h	0.2960	+0.288%	$39K	$28K	5x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2955	+0.111%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2951	−0.020%	$780K	$1.3M	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2954	+0.076%	$597K	$529K	10x
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.024%	$18.8M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.087%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	−0.068%	$16.3M	$44.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2956	+0.136%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	−0.102%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	0.000%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2952	0.000%	$5.8M	$6.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2950	−0.068%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2952	+0.007%	$977K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.169%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.102%	$157K	$288K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.152%	$93K	$109K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	+0.034%	$31K	$43K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2952	long leg	$111K	$49K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.203%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.036%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2956	+0.129%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2962	+0.349%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	+0.058%	$74K	$51K	50x	as long as short
Extended JUP-USD	+0.0464%	1h	0.2949	−0.118%	$2.2M	$487K	25x	as long as short