Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.076%

Price spread now: Paradex against Kraken Futures−0.235%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 0.235% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.235% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 9.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2974	0.0009	pay 0.0001% / 1h	29m 02s	$603K	$624K	20x
Short	Paradex JUP-USD-PERP	0.2967	0.0091	get 0.0091% / 8h	2h 29m	$9K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.235%Rate

Funding earned: $17.32
Price spread: −0.235% → 0.000%: −$23.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.2
Costs to cover: 0.140%
Break-even: 15.2 days

Slippage unknown: Kraken Futures: live order book, 59 min ago; 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 Kraken Futures live order book, 59 min ago	6.68 bp	18.4 bp −$18	103.1 bp −$1,031	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.5000%	1h	0.2933	−1.386%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0822% / S +0.0281%	1h	0.2970	−0.146%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0247%	4h	0.2971	−0.108%	$16.3M	$24.2M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2970	−0.156%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2973	−0.031%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2970	−0.152%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSDlong	+0.0009%	1h	0.2974	long leg	$603K	$624K	20x
Gate JUP_USDT	+0.0018%	4h	0.2967	−0.243%	$740K	$1.9M	75x	as long as short
dYdX JUP-USD	+0.0036%	1h	0.2966	−0.282%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2971	−0.112%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2967	−0.248%	—	—	20x	as long as short
Variational Omni JUP	+0.0087%	4h	0.2962	−0.399%	$724K	$1.2M	—	as long as short
BloFin JUP-USDT	+0.0091%	4h	0.2968	−0.209%	$859K	$329K	50x	as long as short
Paradex JUP-USD-PERPshort	+0.0091%	8h	0.2967	−0.235%	$9K	$15K	10x
Lighter JUP	+0.0096%	1h	0.2976	+0.050%	$878K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	−0.108%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2967	−0.243%	$599K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2977	+0.090%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2972	−0.083%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2967	−0.258%	$283K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2973	−0.041%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2974	−0.008%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2973	−0.041%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2969	−0.176%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2973	−0.041%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2971	−0.108%	—	$21.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2976	+0.046%	$986K	$268K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.292%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.277%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	−0.075%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2961	−0.445%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2973	−0.041%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.434%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2971	−0.099%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2972	−0.070%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2977	+0.076%	$74K	$94K	50x	as long as short