Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h −0.024%

Price spread now: Gate against Nado+0.118%50s7-day average −0.021% · 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−$700.696% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.691%−$69 · spread now +0.118%, 7d avg −0.021%

Together, before fees−0.712%+ Points / potential airdropNado: Active · farm board−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.139% dearer against Nado than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.021%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 3 days (−0.021% in total) that is about 20 days. The two prices were read 50 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	0.2962	0.0100	pay 0.0012% / 1h	41m 31s	$598K	$668K	10x
Short	Gate JUP_USDT	0.2966	−0.0018	pay 0.0009% / 4h	2h 41m	$740K	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.118%Rate

Funding earned: −$24.78
Price spread: +0.118% → −0.021%: $13.9
Slippage, 4 orders: −$47.65
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$80.53
Costs to cover: 0.696%
Break-even: never at this rate

Slippage from Nado: live order book, 46 min ago; Gate: live order book, 1 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, 46 min ago	2.51 bp	8.7 bp −$9	42.7 bp −$427	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.69 bp	27.9 bp −$28	87.0 bp −$870	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	−0.5000%	1h	0.2929	−1.131%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0745% / S +0.0257%	1h	0.2966	+0.115%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0365%	4h	0.2965	+0.084%	$16.3M	$24.1M	50x	as long as short
Gate JUP_USDTshort	−0.0018%	4h	0.2966	+0.118%	$740K	$1.9M	75x
Phoenix JUP	0.0000%	1h	0.2964	+0.044%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2966	+0.115%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2967	+0.144%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2966	+0.111%	$602K	$623K	20x	as long as short
dYdX JUP-USD	+0.0015%	1h	0.2970	+0.250%	$39K	$36K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0025%	1h	0.2964	+0.061%	$983K	$268K	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-USDT	+0.0047%	4h	0.2960	−0.084%	$866K	$330K	50x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2969	+0.209%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	+0.013%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2967	+0.156%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.287%	$895K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0098%	4h	0.2958	−0.151%	$724K	$1.2M	—	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2966	+0.118%	$31K	$51K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2962	long leg	$598K	$668K	10x
Hyperliquid JUP	+0.0100%	1h	0.2971	+0.277%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	+0.240%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2968	+0.172%	$283K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	+0.152%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2966	+0.118%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2966	+0.118%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2970	+0.253%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	+0.152%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	+0.152%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.051%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	−0.051%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2969	+0.216%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.152%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.186%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.101%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2963	0.000%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.851%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2965	+0.095%	$2.2M	$539K	25x	as long as short