Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Nado+0.326%7-day average +0.013% · 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−$17as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.472%−$47 · spread now +0.326%, 7d avg +0.013%

Together, before fees−0.490%+ Points / potential airdropNado: Active · GRVT: Active · farm board−$49 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: GRVT is 0.313% dearer against Nado than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2960	0.0100	pay 0.0012% / 1h	39m 25s	$597K	$668K	10x
Short	GRVT JUP_USDT_Perp	0.2970	0.0100	get 0.0050% / 4h	2h 39m	$1.6M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpOrdersPrice spread, now +0.326%Rate

Funding earned: $0
Price spread: +0.326% → +0.013%: $31.32
Slippage, 4 orders: −$32.34
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17.01
Costs to cover: 0.483%
Break-even: 1748015591218340.8 days

Slippage from Nado: live order book, 48 min ago; GRVT: live order book, 5 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, 48 min ago	2.51 bp	8.7 bp −$9	42.7 bp −$427	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	1.69 bp	14.1 bp −$14	119.0 bp −$1,190	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	−1.047%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0751% / S +0.0259%	1h	0.2970	+0.328%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0344%	4h	0.2958	−0.061%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2970	+0.331%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0002%	4h	0.2962	+0.068%	$739K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2971	+0.385%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2963	+0.091%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2971	+0.358%	$603K	$623K	20x	as long as short
dYdX JUP-USD	+0.0013%	1h	0.2970	+0.335%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2962	+0.081%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.072%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0063%	1h	0.2969	+0.318%	$985K	$268K	10x	as long as short
Variational Omni JUP	+0.0089%	4h	0.2965	+0.169%	$725K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2966	+0.214%	$9K	$15K	10x	as long as short
BloFin JUP-USDT	+0.0094%	4h	0.2966	+0.203%	$868K	$329K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2970	+0.338%	$894K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2970	+0.338%	$31K	$51K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2960	long leg	$597K	$668K	10x
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.125%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2969	+0.299%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2967	+0.226%	$283K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	+0.033%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.068%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2960	0.000%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2964	+0.135%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	+0.101%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	0.000%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perpshort	+0.0100%	4h	0.2970	+0.326%	$1.6M	$4.2M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.203%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.128%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2961	+0.034%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2972	+0.405%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.186%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2966	+0.203%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2958	−0.054%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.936%	$74K	$95K	50x	as long as short