Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.460%

Price spread now: Aster against 01 Exchange−0.088%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.088% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2968	0.0048	pay 0.0006% / 1h	41m 53s	$26K	$19K	5x
Short	Aster JUPUSDT	0.2965	0.0100	get 0.0050% / 4h	2h 41m	$107K	$366K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now −0.088%Rate

Funding earned: $10.92
Price spread: −0.088% → 0.000%: −$8.76
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$12.84
Costs to cover: 0.150%
Break-even: 15.2 days

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 45 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 45 min ago	1.67 bp	16.3 bp −$16	doesn't fit	doesn't fit	doesn't fit

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	−0.5000%	1h	0.2929	−1.301%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0745% / S +0.0257%	1h	0.2966	−0.057%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0348%	4h	0.2966	−0.051%	$16.3M	$24.1M	50x	as long as short
Gate JUP_USDT	−0.0018%	4h	0.2967	−0.020%	$740K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2964	−0.128%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2966	−0.057%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2967	−0.028%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2966	−0.061%	$602K	$623K	20x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2965	−0.092%	$39K	$36K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0025%	1h	0.2964	−0.111%	$983K	$268K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0047%	4h	0.2960	−0.256%	$866K	$330K	50x	as long as short
01 Exchange JUPUSDlong	+0.0048%	1h	0.2968	long leg	$26K	$19K	5x
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	−0.159%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2964	−0.110%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2968	+0.010%	$895K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0098%	4h	0.2958	−0.323%	$724K	$1.2M	—	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2966	−0.054%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	−0.172%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2967	−0.020%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2965	−0.088%	$107K	$366K	10x
Pacifica JUP	+0.0100%	1h	0.2965	−0.072%	$283K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2968	+0.013%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2967	−0.020%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.099%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2968	+0.013%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	−0.020%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.020%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	−0.020%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.222%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	−0.222%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2969	+0.044%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.323%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.013%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2963	−0.172%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.677%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2966	−0.045%	$2.2M	$539K	25x	as long as short