Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: OKX against Nado+0.051%49s7-day average −0.024% · 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−$440.441% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.509%−$51 · spread now +0.051%, 7d avg −0.024%

Together, before fees−0.533%+ Points / potential airdropNado: Active · farm board−$53 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: OKX is 0.075% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.024%. The two prices were read 49 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	0.2956	0.0100	pay 0.0012% / 1h	2m 39s	$602K	$490K	10x
Short	OKX JUP-USDT-SWAP	0.2958	0.0100	get 0.0050% / 4h	2m 39s	$4.0M	$11.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.024%: $7.5
Slippage, 4 orders: −$27.1
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.6
Costs to cover: 0.441%
Break-even: 928395063501846.0 days

Slippage from Nado: live order book, 55 min ago; OKX: live order book, 6 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, 55 min ago	1.87 bp	9.1 bp −$9	36.7 bp −$367	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	1.69 bp	11.9 bp −$12	52.0 bp −$520	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	−0.4661%	1h	0.2920	−1.235%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2959	+0.087%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2958	+0.046%	$282K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2959	+0.071%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2958	+0.058%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2958	+0.066%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	+0.018%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2959	+0.075%	$593K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	+0.173%	$782K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2959	+0.073%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERPlong	+0.0100%	1h	0.2956	long leg	$602K	$490K	10x
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.131%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.053%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	+0.050%	$16.2M	$40.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2955	−0.051%	$15.9M	$18.0M	50x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2958	+0.051%	$4.0M	$11.4M	50x
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.264%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2957	+0.017%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	+0.017%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2958	+0.051%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	+0.085%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	+0.017%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	+0.095%	$978K	$234K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2945	−0.389%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	−0.131%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	−0.220%	$157K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2963	+0.213%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2958	+0.051%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2948	−0.288%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2961	+0.152%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	−0.033%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2959	+0.091%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.460%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2957	+0.031%	$2.2M	$498K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	−0.183%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2954	−0.085%	$836K	$375K	50x	as long as short