Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Phemex against Nado+0.091%7-day average +0.199% · 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−$84as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.147%+$15 · spread now +0.091%, 7d avg +0.199%

Together, before fees+0.164%+ Points / potential airdropNado: Active · farm board+$16 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: Phemex is 0.108% cheaper against Nado than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.199%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.3011	0.0100	pay 0.0012% / 1h	16m 22s	$624K	$626K	10x
Short	Phemex JUPUSDT	0.3014	0.0100	get 0.0050% / 4h	3h 16m	$3.0M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.199%: −$10.79
Slippage, 4 orders: −$54.37
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$84.16
Costs to cover: 0.734%
Break-even: 2135047400856797.5 days

Slippage from Nado: live order book, 57 min ago; Phemex: 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, 57 min ago	2.19 bp	8.7 bp −$9	41.4 bp −$414	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	8.31 bp	25.2 bp −$25	69.7 bp −$697	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	−0.4634%	1h	0.2973	−1.270%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3011	+0.004%	$287K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3012	+0.036%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3010	−0.056%	$606K	$526K	20x	as long as short
01 Exchange JUPUSD	−0.0056%	1h	0.3014	+0.105%	$27K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0049%	1h	0.3008	−0.108%	$55K	$16K	10x	as long as short
OKX JUP-USDT-SWAP	−0.0023%	4h	0.3010	−0.042%	$4.1M	$15.7M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3013	+0.071%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0037%	1h	0.3014	+0.075%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3010	−0.040%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0078%	8h	0.3013	+0.052%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3013	+0.048%	$755K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3013	+0.058%	$32K	$45K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.3011	long leg	$624K	$626K	10x
Hyperliquid JUP	+0.0100%	1h	0.3015	+0.134%	$19.4M	$11.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3013	+0.051%	$116K	$329K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3011	+0.006%	$16.6M	$48.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3010	−0.042%	$16.5M	$20.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.340%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3012	+0.025%	$755K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3011	−0.008%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3013	+0.058%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3013	+0.058%	$5.9M	$6.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3011	−0.008%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3008	−0.095%	$996K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3002	−0.307%	$727K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3005	−0.196%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3004	−0.241%	$160K	$308K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3015	+0.118%	$95K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3001	−0.340%	$113K	$54K	20x	as long as short
Phemex JUPUSDTshort	+0.0100%	4h	0.3014	+0.091%	$3.0M	$3.7M	50x
Extended JUP-USD	+0.0104%	1h	0.3011	−0.004%	$2.2M	$488K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3014	+0.076%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3006	−0.168%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3014	+0.088%	$75K	$61K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3005	−0.208%	$853K	$346K	50x	as long as short