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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Aster against Orderly+0.322%59s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.322% dearer against Orderly than usual: you sell high and buy low, +$32 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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	Orderly PERP_JUP_USDC	0.2984	0.0100	pay 0.0050% / 4h	3h 49m	$31K	$47K	10x
Short	Aster JUPUSDT	0.2994	0.0100	get 0.0050% / 4h	3h 49m	$116K	$357K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now +0.322%Rate

Funding earned: $0.08
Price spread: +0.322% → 0.000%: $32.2
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $18.27
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 23 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 23 min ago	1.68 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2959	−0.838%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2990	+0.211%	$285K	$150K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2992	+0.265%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2984	−0.010%	$601K	$546K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2983	−0.037%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2993	+0.299%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0030%	4h	0.2989	+0.168%	$4.1M	$16.1M	50x	as long as short
Bybit JUPUSDT	+0.0038%	4h	0.2989	+0.168%	$16.3M	$21.6M	50x	as long as short
dYdX JUP-USD	+0.0049%	1h	0.2992	+0.252%	$39K	$32K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2994	+0.345%	$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
Variational Omni JUP	+0.0057%	4h	0.2989	+0.169%	$724K	$776K	—	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2989	+0.169%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0085%	8h	0.2991	+0.235%	$9K	$13K	10x	as long as short
ApeX Omni JUPUSDT	+0.0095%	1h	0.2988	+0.134%	$159K	$319K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2993	+0.288%	$789K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDClong	+0.0100%	4h	0.2984	long leg	$31K	$47K	10x
Nado JUP-PERP	+0.0100%	1h	0.2992	+0.251%	$621K	$642K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2995	+0.382%	$19.2M	$12.9M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2994	+0.322%	$116K	$357K	10x
Binance JUPUSDT	+0.0100%	4h	0.2991	+0.226%	$16.5M	$51.1M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2979	−0.168%	$62K	$9K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2990	+0.201%	$744K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2990	+0.201%	$8.1M	$7.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2993	+0.302%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2992	+0.268%	$5.8M	$7.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2991	+0.235%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2983	−0.023%	$987K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2992	+0.268%	$1.7M	$3.7M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2997	+0.429%	$95K	$119K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2979	−0.168%	$112K	$62K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2980	−0.117%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2991	+0.231%	$2.2M	$494K	25x	as long as short
BloFin JUP-USDT	+0.0126%	4h	0.2990	+0.201%	$844K	$310K	50x	as long as short
Phoenix JUP	+0.0214%	1h	0.2991	+0.235%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2996	+0.409%	$75K	$88K	50x	as long as short
Phemex JUPUSDT	+0.0453%	4h	0.2988	+0.134%	$2.9M	$3.8M	50x	as long as short