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 +0.018%

Price spread now: Nado against OKX−0.042%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.501%+$50 · spread now −0.042%, 7d avg +0.029%

Together, before fees+0.520%+ Points / potential airdropNado: Active · farm board+$52 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: Nado is 0.071% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX JUP-USDT-SWAP	0.2960	0.0100	pay 0.0050% / 4h	2h 46m	$4.1M	$16.7M	50x
Short	Nado JUP-PERP	0.2959	0.0100	get 0.0012% / 1h	46m 08s	$597K	$668K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.029%: −$7.11
Slippage, 4 orders: −$32.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$56.13
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Nado: live order book, 42 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 OKX live order book, 2 min ago	1.69 bp	14.6 bp −$15	59.9 bp −$599	doesn't fit	doesn't fit
Sell Nado live order book, 42 min ago	2.51 bp	8.5 bp −$8	40.1 bp −$401	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	0.2934	−0.878%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0731% / S +0.0253%	1h	0.2963	+0.087%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0400%	4h	0.2959	−0.051%	$16.2M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0059%	1h	0.2962	+0.071%	$982K	$270K	10x	as long as short
Gate JUP_USDT	−0.0032%	4h	0.2959	−0.034%	$738K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2966	+0.196%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2963	+0.101%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2963	+0.112%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2964	+0.134%	$601K	$624K	20x	as long as short
dYdX JUP-USD	+0.0015%	1h	0.2961	+0.034%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0024%	1h	0.2965	+0.162%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	−0.048%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0068%	4h	0.2959	−0.034%	$866K	$330K	50x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2961	+0.019%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2965	+0.162%	$900K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2963	+0.101%	$31K	$51K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2959	−0.042%	$597K	$668K	10x
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.179%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	+0.086%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2961	+0.049%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2962	+0.051%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAPlong	+0.0100%	4h	0.2960	long leg	$4.1M	$16.7M	50x
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.158%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2962	+0.068%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.101%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.034%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	0.000%	—	$21.6M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	−0.016%	$724K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	+0.040%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2964	+0.135%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.169%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.203%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.236%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.033%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2959	−0.034%	$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