Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Nado+0.065%7-day average +0.017% · 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−$36as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.561%−$56 · spread now +0.065%, 7d avg +0.017%

Together, before fees−0.558%+ Points / potential airdropNado: Active · farm board−$56 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: Binance is 0.049% dearer against Nado than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2966	0.0100	pay 0.0012% / 1h	40m 18s	$598K	$668K	10x
Short	Binance JUPUSDT	0.2968	0.0100	get 0.0050% / 4h	2h 40m	$16.5M	$56.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.017%: $4.85
Slippage, 4 orders: −$24.23
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.38
Costs to cover: 0.412%
Break-even: 922805606167169.0 days

Slippage from Nado: live order book, 47 min ago; Binance: live order book, 2 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 Nado live order book, 47 min ago	2.51 bp	8.7 bp −$9	42.7 bp −$427	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.68 bp	10.8 bp −$11	27.2 bp −$272	138.8 bp −$13.9K	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	−1.264%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0751% / S +0.0259%	1h	0.2970	+0.108%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0348%	4h	0.2966	−0.017%	$16.3M	$24.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2970	+0.111%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0004%	4h	0.2966	−0.017%	$740K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2971	+0.165%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2970	+0.102%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2971	+0.138%	$603K	$623K	20x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2970	+0.115%	$39K	$36K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0044%	1h	0.2969	+0.084%	$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	+0.108%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2967	+0.023%	—	—	20x	as long as short
Variational Omni JUP	+0.0089%	4h	0.2965	−0.050%	$725K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2968	+0.050%	$9K	$15K	10x	as long as short
BloFin JUP-USDT	+0.0094%	4h	0.2966	−0.017%	$868K	$329K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.158%	$894K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2970	+0.118%	$31K	$51K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2966	long leg	$598K	$668K	10x
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.196%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2969	+0.071%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2968	+0.041%	$283K	$185K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2968	+0.065%	$16.5M	$56.4M	75x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2967	+0.017%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	+0.084%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2969	+0.084%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	+0.017%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	+0.017%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.185%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	−0.185%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	+0.196%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.219%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2972	+0.185%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.034%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2966	−0.017%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2966	−0.026%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.715%	$74K	$95K	50x	as long as short