Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.003%

Price spread now: BingX against Paradex+0.042%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.042% dearer against Paradex than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2980	0.0098	pay 0.0098% / 8h	5h 17m	$9K	$11K	10x
Short	BingX JUP-USDT	0.2981	0.0100	get 0.0050% / 4h	1h 17m	—	$20.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Paradex. 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 ParadexbpFee BingXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0.45
Price spread: +0.042% → 0.000%: $4.18
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$9.38
Costs to cover: 0.140%
Break-even: 154.1 days

Slippage unknown: Paradex: no order-book sample; BingX: live order book, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell BingX live order book, 1 min ago	1.68 bp	6.7 bp −$7	8.1 bp −$81	17.0 bp −$1,702	52.3 bp −$26.1K

Paradex: 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	−0.5000%	1h	0.2941	−1.301%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2975	−0.155%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2980	+0.008%	$284K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2978	−0.069%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2981	+0.033%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2980	+0.007%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0067%	4h	0.2978	−0.059%	$16.0M	$19.0M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2983	+0.106%	$788K	$1.1M	10x	as long as short
Paradex JUP-USD-PERPlong	+0.0098%	8h	0.2980	long leg	$9K	$11K	10x
Nado JUP-PERP	+0.0100%	1h	0.2979	−0.017%	$602K	$505K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2984	+0.144%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2981	+0.044%	$115K	$290K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2980	+0.021%	$16.4M	$42.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2981	+0.042%	$4.1M	$12.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2958	−0.730%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2979	−0.025%	$744K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2980	+0.008%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2980	+0.008%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2981	+0.042%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2981	+0.042%	—	$20.7M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2978	−0.056%	$986K	$246K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2977	−0.094%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2984	+0.137%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	−0.025%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2984	+0.129%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2978	−0.059%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2977	−0.092%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2983	+0.109%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2978	−0.042%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0109%	1h	0.2977	−0.079%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2979	−0.033%	$596K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2984	+0.126%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2978	−0.056%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2979	−0.009%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2983	+0.109%	$847K	$383K	50x	as long as short
Extended JUP-USD	+0.0408%	1h	0.2980	+0.007%	$2.2M	$495K	25x	as long as short