Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Nado0.000%53s7-day average −0.003% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.354% of the position

Long on Nado Short on BingX

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)−0.368%−$37 · spread now 0.000%, 7d avg −0.003%

Together, before fees−0.367%+ Points / potential airdropNado: Active · farm board−$37 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2953	0.0100	pay 0.0012% / 1h	51m 33s	$611K	$675K	10x
Short	BingX JUP-USDT	0.2953	0.0100	get 0.0050% / 4h	1h 51m	—	$20.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.003%: $0.31
Slippage, 4 orders: −$18.41
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.1
Costs to cover: 0.354%
Break-even: 3605850217250782.0 days

Slippage from Nado: live order book, 32 min ago; BingX: 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, 32 min ago	1.34 bp	9.5 bp −$10	37.2 bp −$372	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	1.69 bp	10.1 bp −$10	13.0 bp −$130	20.7 bp −$2,068	59.0 bp −$29.5K

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	−0.3508%	1h	0.2922	−1.050%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0984% / S +0.0362%	1h	0.2956	+0.090%	$13K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2953	+0.010%	$281K	$177K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2955	+0.071%	$599K	$623K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0122%	1h	0.2955	+0.058%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	−0.0080%	1h	0.2950	−0.085%	$26K	$19K	5x	as long as short
Bybit JUPUSDT	−0.0044%	4h	0.2951	−0.068%	$16.1M	$23.9M	50x	as long as short
Gate JUP_USDT	−0.0024%	4h	0.2954	+0.034%	$735K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2955	+0.068%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	+0.044%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0067%	8h	0.2953	−0.009%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0074%	4h	0.2956	+0.110%	$721K	$1.1M	—	as long as short
dYdX JUP-USD	+0.0089%	1h	0.2957	+0.125%	$39K	$35K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2956	+0.091%	$807K	$1.3M	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2953	long leg	$611K	$675K	10x
Hyperliquid JUP	+0.0100%	1h	0.2958	+0.163%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.077%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.020%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	0.000%	$4.1M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2952	−0.034%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.034%	$8.0M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2955	+0.068%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	0.000%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2953	0.000%	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2955	+0.064%	$978K	$263K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.459%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.440%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2960	+0.230%	$93K	$138K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	+0.102%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2948	−0.169%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2959	+0.203%	$2.9M	$4.1M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2952	−0.041%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	+0.008%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0133%	4h	0.2955	+0.068%	$850K	$331K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2956	+0.105%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.236%	$74K	$94K	50x	as long as short