Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h −0.076%

Price spread now: Aster against Kraken Futures−0.067%7-day average −0.080% · 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−$73as in the Price arb table

costs, in and out, $10k−$740.741% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.804%−$80 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now −0.067%, 7d avg −0.080%

Together, before fees−0.936%+ Points / potential airdropAster: Stage 5 · farm board−$94 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.080%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair cost −0.804%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2971	0.0009	pay 0.0001% / 1h	40m 16s	$603K	$623K	20x
Short	Aster JUPUSDT	0.2969	0.0100	get 0.0050% / 4h	2h 40m	$107K	$366K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.067%Rate

Funding earned: $19.2
Price spread: −0.067% → −0.080%: $1.24
Slippage, 4 orders: −$56.07
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$53.63
Costs to cover: 0.741%
Break-even: 26.6 days

Slippage from Kraken Futures: live order book, 47 min ago; Aster: 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 Kraken Futures live order book, 47 min ago	6.68 bp	18.4 bp −$18	103.1 bp −$1,031	doesn't fit	doesn't fit
Sell Aster live order book, 46 min ago	1.67 bp	16.3 bp −$16	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	−0.5000%	1h	0.2929	−1.401%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0751% / S +0.0259%	1h	0.2970	−0.030%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0348%	4h	0.2966	−0.155%	$16.3M	$24.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2970	−0.027%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0004%	4h	0.2966	−0.155%	$740K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2971	+0.027%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2970	−0.036%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSDlong	+0.0009%	1h	0.2971	long leg	$603K	$623K	20x
dYdX JUP-USD	+0.0014%	1h	0.2970	−0.023%	$39K	$36K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0044%	1h	0.2969	−0.054%	$984K	$268K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0056%	1h	0.2970	−0.030%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2967	−0.115%	—	—	20x	as long as short
Variational Omni JUP	+0.0089%	4h	0.2965	−0.188%	$725K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2968	−0.088%	$9K	$15K	10x	as long as short
BloFin JUP-USDT	+0.0094%	4h	0.2966	−0.155%	$868K	$329K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.020%	$894K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2970	−0.020%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.138%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.057%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2969	−0.067%	$107K	$366K	10x
Pacifica JUP	+0.0100%	1h	0.2968	−0.097%	$283K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2968	−0.073%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2967	−0.121%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	−0.054%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2969	−0.054%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.121%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	−0.121%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.323%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	−0.323%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	+0.057%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.357%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2972	+0.047%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.172%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2966	−0.155%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2966	−0.164%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.576%	$74K	$95K	50x	as long as short