Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h +0.330%

Price spread now: 01 Exchange against Paradex+0.029%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 01 Exchange

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

The price spread pays, funding is against you. 01 Exchange is 0.029% dearer against Paradex than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2970	0.0083	pay 0.0083% / 8h	6m 22s	$9K	$13K	10x
Short	01 Exchange JUPUSD	0.2970	−0.0040	pay 0.0005% / 1h	6m 22s	$26K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.029%Rate

Funding earned: −$25.76
Price spread: +0.029% → 0.000%: $2.86
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$33.9
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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	−0.4371%	1h	0.2938	−1.066%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2971	+0.061%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2972	+0.081%	$599K	$591K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2970	+0.021%	$283K	$165K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0120%	1h	0.2971	+0.059%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0065%	4h	0.2968	−0.059%	$16.2M	$22.1M	50x	as long as short
01 Exchange JUPUSDshort	−0.0040%	1h	0.2970	+0.029%	$26K	$19K	5x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	+0.078%	$17K	—	150x	as long as short
Variational Omni JUP	+0.0036%	4h	0.2967	−0.103%	$718K	$776K	—	as long as short
OKX JUP-USDT-SWAP	+0.0047%	4h	0.2968	−0.056%	$4.0M	$16.1M	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	0.2968	−0.061%	—	—	20x	as long as short
Gate JUP_USDT	+0.0058%	4h	0.2971	+0.045%	$740K	$1.8M	75x	as long as short
dYdX JUP-USD	+0.0066%	1h	0.2972	+0.096%	$39K	$32K	5x	as long as short
Paradex JUP-USD-PERPlong	+0.0083%	8h	0.2970	long leg	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.2973	+0.120%	$795K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	+0.045%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2967	−0.072%	$616K	$647K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2975	+0.180%	$19.1M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2973	+0.101%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2970	+0.012%	$16.3M	$51.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2972	+0.079%	$62K	$9K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2971	+0.045%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2973	+0.113%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2970	+0.012%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2970	+0.012%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2971	+0.049%	$983K	$233K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2974	+0.146%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2973	+0.113%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2977	+0.237%	$94K	$119K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2972	+0.079%	$112K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2976	+0.214%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2968	−0.056%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0128%	1h	0.2968	−0.067%	$2.2M	$507K	25x	as long as short
BloFin JUP-USDT	+0.0134%	4h	0.2971	+0.045%	$637K	$304K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2974	+0.133%	$97K	$479K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.281%	$74K	$91K	50x	as long as short