Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.081%

Price spread now: Extended against Paradex−0.342%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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.342% cheaper against Paradex than usual: you would sell low and buy high (spread −0.342% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 7.2 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2966	0.0090	pay 0.0090% / 8h	2h 38m	$9K	$15K	10x
Short	Extended JUP-USD	0.2956	0.0248	get 0.0031% / 1h	38m 43s	$2.2M	$539K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.342%Rate

Funding earned: $33.2
Price spread: −0.342% → 0.000%: −$34.18
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.98
Costs to cover: 0.090%
Break-even: 9.1 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 5 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 Extended live order book, 5 min ago	6.75 bp	12.1 bp −$12	doesn't fit	doesn't fit	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	−0.5000%	1h	0.2929	−1.258%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0751% / S +0.0259%	1h	0.2961	−0.186%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0326%	4h	0.2958	−0.281%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0256%	1h	0.2960	−0.210%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0002%	4h	0.2960	−0.213%	$738K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2971	+0.171%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2963	−0.122%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2960	−0.217%	$601K	$623K	20x	as long as short
dYdX JUP-USD	+0.0013%	1h	0.2961	−0.184%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2962	−0.132%	$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
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.285%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0067%	1h	0.2959	−0.243%	$981K	$268K	10x	as long as short
BloFin JUP-USDT	+0.0085%	4h	0.2962	−0.146%	$863K	$328K	50x	as long as short
Variational Omni JUP	+0.0089%	4h	0.2965	−0.044%	$725K	$1.2M	—	as long as short
Paradex JUP-USD-PERPlong	+0.0090%	8h	0.2966	long leg	$9K	$15K	10x
Lighter JUP	+0.0096%	1h	0.2962	−0.142%	$891K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2962	−0.146%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2960	−0.213%	$597K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	−0.135%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	−0.219%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2959	−0.231%	$282K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	−0.213%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2959	−0.247%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.247%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	−0.146%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	−0.382%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	−0.281%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2970	+0.113%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.011%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	−0.085%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.213%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.023%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.028%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.320%	$40K	—	3x	as long as short
Extended JUP-USDshort	+0.0248%	1h	0.2956	−0.342%	$2.2M	$539K	25x
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.721%	$74K	$95K	50x	as long as short