Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0239%/8h= −26.2% APRpaid last 24h +0.069%

Price spread now: Kraken Futures against Paradex+0.130%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 Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.130% dearer against Paradex than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2944	0.0063	pay 0.0063% / 8h	1h 35m	$9K	$15K	10x
Short	Kraken Futures PF_JUPUSD	0.2947	−0.0176	pay 0.0022% / 1h	35m 12s	$598K	$618K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$50.17
Price spread: +0.130% → 0.000%: $13.02
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$51.15
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 48 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 Kraken Futures live order book, 48 min ago	20.13 bp	27.1 bp −$27	230.5 bp −$2,305	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	−0.3508%	1h	0.2918	−0.870%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2948	+0.148%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2944	+0.025%	$281K	$172K	10x	as long as short
Kraken Futures PF_JUPUSDshort	−0.0176%	1h	0.2947	+0.130%	$598K	$618K	20x
01 Exchange JUPUSD	−0.0112%	1h	0.2945	+0.034%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0055%	1h	0.2947	+0.129%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0032%	4h	0.2943	−0.021%	$732K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2948	+0.133%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0015%	4h	0.2944	+0.013%	$16.1M	$23.7M	50x	as long as short
BloFin JUP-USDT	+0.0051%	4h	0.2945	+0.047%	$846K	$322K	50x	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	0.2945	+0.062%	—	—	20x	as long as short
dYdX JUP-USD	+0.0060%	1h	0.2946	+0.068%	$38K	$35K	5x	as long as short
Paradex JUP-USD-PERPlong	+0.0063%	8h	0.2944	long leg	$9K	$15K	10x
Lighter JUP	+0.0096%	1h	0.2948	+0.163%	$790K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2945	+0.064%	$611K	$672K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	+0.278%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2945	+0.047%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	+0.086%	$16.3M	$55.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2945	+0.047%	$4.0M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	+0.081%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2948	+0.149%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2945	+0.047%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2943	−0.021%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2947	+0.098%	$975K	$259K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2943	−0.015%	$712K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.183%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2959	+0.523%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2951	+0.244%	$93K	$135K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2947	+0.115%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2939	−0.156%	$110K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2952	+0.285%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.455%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2945	+0.040%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	+0.030%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2959	+0.516%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.559%	$74K	$94K	50x	as long as short