Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.7% APRpaid last 24h +0.001%

Price spread now: Bulk against Paradex−0.025%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 Bulk

What this pair did over the last

the charts below follow

Funding, last 3 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. Bulk is 0.025% cheaper against Paradex than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2953	0.0067	pay 0.0067% / 8h	1h 51m	$9K	$15K	10x
Short	Bulk JUP-USD	0.2952	0.0100	get 0.0013% / 1h	51m 41s	$57K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.025%Rate

Funding earned: $7.02
Price spread: −0.025% → 0.000%: −$2.51
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$6.49
Costs to cover: 0.110%
Break-even: 13.5 days

Slippage unknown: Paradex: no order-book sample; Bulk: no order-book sample. 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 Bulk no order-book sample	—	—	—	—	—

Paradex and Bulk: 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	−0.3508%	1h	0.2922	−1.041%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0984% / S +0.0362%	1h	0.2956	+0.098%	$13K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2953	+0.019%	$281K	$177K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2955	+0.080%	$599K	$623K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0122%	1h	0.2955	+0.066%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	−0.0080%	1h	0.2950	−0.076%	$26K	$19K	5x	as long as short
Bybit JUPUSDT	−0.0044%	4h	0.2951	−0.059%	$16.1M	$23.9M	50x	as long as short
Gate JUP_USDT	−0.0024%	4h	0.2954	+0.043%	$735K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2955	+0.077%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	+0.053%	—	—	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-PERPlong	+0.0067%	8h	0.2953	long leg	$9K	$15K	10x
Variational Omni JUP	+0.0074%	4h	0.2956	+0.119%	$721K	$1.1M	—	as long as short
dYdX JUP-USD	+0.0089%	1h	0.2957	+0.134%	$39K	$35K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2956	+0.100%	$807K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2953	+0.009%	$611K	$675K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	+0.172%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.085%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.011%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	+0.009%	$4.1M	$16.6M	50x	as long as short
Bulk JUP-USDshort	+0.0100%	1h	0.2952	−0.025%	$57K	$3K	10x
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.025%	$8.0M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2955	+0.076%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	+0.009%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	+0.009%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2955	+0.073%	$978K	$263K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.468%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.449%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2960	+0.239%	$93K	$138K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	+0.110%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2948	−0.161%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2959	+0.212%	$2.9M	$4.1M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2952	−0.032%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	+0.017%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0133%	4h	0.2955	+0.076%	$850K	$331K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2956	+0.114%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.245%	$74K	$94K	50x	as long as short