Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.1% APRpaid last 24h −0.005%

Price spread now: BloFin against Nado−0.084%103s7-day average +0.038% · 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—prices read too far apart to compare

costs, in and out, $10k−$480.482% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.114%+$11 on $10k

Price spread, last 3 days (all we have)+0.205%+$21 · spread now −0.084%, 7d avg +0.038%

Together, before fees+0.320%+ Points / potential airdropNado: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.122% cheaper against Nado than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.038%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.114%, so the current rate has only just turned against you. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2973	0.0100	pay 0.0012% / 1h	57m 28s	$614K	$667K	10x
Short	BloFin JUP-USDT	0.2971	0.0080	get 0.0040% / 4h	57m 28s	$846K	$328K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$4.1
Price spread: −0.084% → +0.038%: −$12.23
Slippage, 4 orders: −$29.19
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$64.51
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from Nado: live order book, 21 min ago; BloFin: live order book, 19 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, 21 min ago	1.01 bp	9.2 bp −$9	42.4 bp −$424	doesn't fit	doesn't fit
Sell BloFin live order book, 19 min ago	8.45 bp	16.3 bp −$16	24.7 bp −$247	73.4 bp −$7,341	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	−0.4371%	1h	0.2935	−1.295%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2973	−0.002%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2973	−0.022%	$603K	$618K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2972	−0.036%	$283K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2974	+0.020%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2975	+0.067%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0040%	4h	0.2971	−0.084%	$749K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2973	−0.014%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0062%	4h	0.2972	−0.050%	$16.3M	$23.0M	50x	as long as short
Paradex JUP-USD-PERP	+0.0080%	8h	0.2972	−0.035%	$9K	$13K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDTshort	+0.0080%	4h	0.2971	−0.084%	$846K	$328K	50x
Lighter JUP	+0.0096%	1h	0.2975	+0.057%	$797K	$1.3M	10x	as long as short
01 Exchange JUPUSD	+0.0096%	1h	0.2978	+0.148%	$26K	$19K	5x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2973	long leg	$614K	$667K	10x
Aster JUPUSDT	+0.0100%	4h	0.2976	+0.084%	$107K	$356K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2975	+0.047%	$16.4M	$54.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2973	−0.017%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2975	+0.050%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	+0.118%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2974	+0.017%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2973	−0.017%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2974	+0.013%	$984K	$252K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2961	−0.417%	$715K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.252%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2969	−0.151%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.262%	$94K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2973	−0.017%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.286%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.050%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.252%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2972	−0.063%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0110%	1h	0.2973	−0.032%	$39K	$35K	5x	as long as short
Hyperliquid JUP	+0.0189%	1h	0.2980	+0.235%	$19.2M	$13.3M	10x	as long as short
Phoenix JUP	+0.0190%	1h	0.2973	−0.010%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2972	−0.045%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2972	−0.044%	$74K	$94K	50x	as long as short