Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h 0.000%

Price spread now: Bybit against Nado+0.030%7-day average −0.016% · 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−$43as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Nado Short on Bybit

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)−0.377%−$38 · spread now +0.030%, 7d avg −0.016%

Together, before fees−0.375%+ Points / potential airdropNado: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.046% dearer against Nado than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.016%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2956	0.0100	pay 0.0012% / 1h	21m 08s	$612K	$671K	10x
Short	Bybit JUPUSDT	0.2957	0.0081	get 0.0040% / 4h	1h 21m	$16.2M	$23.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$4.01
Price spread: +0.030% → −0.016%: $4.6
Slippage, 4 orders: −$29.85
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.25
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Nado: live order book, 62 min ago; Bybit: 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, 62 min ago	1.34 bp	9.5 bp −$10	37.2 bp −$372	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.39 bp	12.8 bp −$13	39.8 bp −$398	224.7 bp −$22.5K	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	−0.3508%	1h	0.2911	−1.539%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2959	+0.088%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2958	+0.061%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2959	+0.091%	$601K	$613K	20x	as long as short
01 Exchange JUPUSD	−0.0032%	1h	0.2961	+0.162%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.112%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2959	+0.082%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0004%	4h	0.2959	+0.085%	$748K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2956	−0.004%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0071%	8h	0.2958	+0.052%	$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
Bybit JUPUSDTshort	+0.0081%	4h	0.2957	+0.030%	$16.2M	$23.4M	50x
Lighter JUP	+0.0096%	1h	0.2961	+0.142%	$793K	$1.3M	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2956	long leg	$612K	$671K	10x
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.254%	$19.1M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.058%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2959	+0.099%	$16.3M	$54.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	+0.017%	$4.0M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	+0.085%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.152%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2958	+0.051%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	+0.085%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2960	+0.118%	$980K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.283%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	−0.090%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	−0.118%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.237%	$93K	$132K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2958	+0.051%	$31K	$50K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.186%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.220%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2941	−0.509%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	+0.001%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2956	−0.011%	$2.2M	$504K	25x	as long as short
BloFin JUP-USDT	+0.0121%	4h	0.2959	+0.085%	$848K	$325K	50x	as long as short
dYdX JUP-USD	+0.0122%	1h	0.2959	+0.071%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.125%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2961	+0.152%	$74K	$93K	50x	as long as short