Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h +0.002%

Price spread now: BloFin against Paradex−0.157%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on BloFin

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 pays, the price is against you. BloFin is 0.157% cheaper against Paradex than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 2.2 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2959	0.0099	pay 0.0099% / 8h	4h 02m	$9K	$11K	10x
Short	BloFin JUP-USDT	0.2954	0.0340	get 0.0170% / 4h	2m 17s	$836K	$375K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.157%Rate

Funding earned: $50.6
Price spread: −0.157% → 0.000%: −$15.74
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.86
Costs to cover: 0.160%
Break-even: 4.4 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 35 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 BloFin live order book, 35 min ago	3.41 bp	9.5 bp −$10	23.9 bp −$239	82.9 bp −$8,290	doesn't fit

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	−0.4661%	1h	0.2920	−1.307%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2959	+0.017%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2958	−0.027%	$282K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.042%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2959	+0.019%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2958	−0.007%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	−0.047%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2960	+0.048%	$593K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	+0.099%	$782K	$1.0M	10x	as long as short
Paradex JUP-USD-PERPlong	+0.0099%	8h	0.2959	long leg	$9K	$11K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2958	−0.031%	$602K	$490K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	+0.074%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2959	+0.015%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	−0.008%	$16.2M	$40.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2955	−0.107%	$15.9M	$18.0M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.022%	$4.0M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.337%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2958	−0.022%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	+0.012%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	+0.012%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	+0.045%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	−0.022%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	+0.022%	$978K	$234K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2945	−0.462%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	−0.204%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	−0.293%	$157K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.214%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2959	+0.012%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2948	−0.360%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2961	+0.079%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.055%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2961	+0.066%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.387%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2958	−0.034%	$2.2M	$498K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	−0.255%	$97K	$304K	10x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2954	−0.157%	$836K	$375K	50x