Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Nado+0.128%7-day average +0.002% · 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−$32as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.910%−$91 · spread now +0.128%, 7d avg +0.002%

Together, before fees−0.907%+ Points / potential airdropNado: Active · farm board−$91 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: Bitget is 0.125% dearer against Nado than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2940	0.0100	pay 0.0012% / 1h	40m 16s	$579K	$490K	10x
Short	Bitget JUPUSDT	0.2944	0.0100	get 0.0050% / 4h	3h 40m	$5.8M	$4.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → +0.002%: $12.52
Slippage, 4 orders: −$25.61
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$32.09
Costs to cover: 0.446%
Break-even: 814072176899259.6 days

Slippage from Nado: live order book, 58 min ago; Bitget: live order book, 3 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, 58 min ago	1.71 bp	10.1 bp −$10	39.5 bp −$395	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.09 bp	13.2 bp −$13	23.6 bp −$236	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	−0.3798%	1h	0.2898	−1.437%	$3K	$205K	5.5x	as long as short
Bybit JUPUSDT	−0.0313%	4h	0.2941	+0.026%	$16.0M	$17.1M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2948	+0.265%	$16K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.2946	+0.195%	$281K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2943	+0.078%	$16K	—	150x	as long as short
HTX JUP-USDT	+0.0027%	4h	0.2936	−0.145%	$113K	$47K	20x	as long as short
dYdX JUP-USD	+0.0032%	1h	0.2947	+0.247%	$39K	$15K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0056%	1h	0.2944	+0.128%	$53K	$17K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2942	+0.044%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2947	+0.219%	$761K	$1.0M	10x	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	+0.0099%	8h	0.2944	+0.139%	$9K	$11K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2940	long leg	$579K	$490K	10x
Hyperliquid JUP	+0.0100%	1h	0.2947	+0.219%	$18.2M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2945	+0.159%	$102K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2945	+0.159%	$16.1M	$38.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2944	+0.128%	$4.1M	$10.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2945	+0.162%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2942	+0.060%	$698K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2944	+0.128%	$7.6M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2945	+0.162%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2944	+0.128%	$5.8M	$4.9M	75x
BingX JUP-USDT	+0.0100%	4h	0.2942	+0.060%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2944	+0.134%	$978K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	−0.008%	$714K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	+0.332%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	+0.434%	$163K	$249K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2943	+0.077%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2943	+0.094%	$33K	$29K	10x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2949	+0.298%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2941	+0.025%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0128%	1h	0.2941	+0.042%	$2.2M	$577K	25x	as long as short
01 Exchange JUPUSD	+0.0216%	1h	0.2947	+0.219%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2955	+0.519%	$107K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0278%	1h	0.2946	+0.193%	$580K	$414K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2957	+0.553%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2945	+0.162%	$821K	$377K	50x	as long as short