Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0763%/8h= −83.6% APRpaid last 24h −0.068%

Price spread now: GMX against Aster−0.079%7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

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

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and GMX is 0.079% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.2982	0.0100	pay 0.0050% / 4h	50m 25s	$109K	$363K	10x
Short	GMX JUP/USD [WBTC.b-USDC]	0.2980	L −0.0398% / S +0.0663%	pay 0.0083% / 1h	50m 25s	$15K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$160.31
Price spread: −0.079% → 0.000%: −$7.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$188.19
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 27 min ago; GMX: 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 Aster live order book, 27 min ago	1.69 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.2944	−1.280%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]short	L −0.0398% / S +0.0663%	1h	0.2980	−0.079%	$15K	—	100x
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2980	−0.063%	$602K	$621K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2982	+0.006%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0018%	1h	0.2979	−0.093%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2980	−0.057%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2976	−0.194%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0063%	4h	0.2976	−0.200%	$16.3M	$23.0M	50x	as long as short
Gate JUP_USDT	+0.0066%	4h	0.2979	−0.106%	$749K	$1.8M	75x	as long as short
BloFin JUP-USDT	+0.0075%	4h	0.2982	−0.005%	$847K	$330K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0080%	1h	0.2983	+0.025%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2982	−0.010%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2985	+0.082%	$801K	$1.3M	10x	as long as short
dYdX JUP-USD	+0.0098%	1h	0.2981	−0.023%	$39K	$34K	5x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2979	−0.114%	$615K	$664K	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2982	long leg	$109K	$363K	10x
Binance JUPUSDT	+0.0100%	4h	0.2979	−0.106%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2976	−0.207%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2983	+0.016%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2980	−0.072%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2983	+0.028%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2978	−0.140%	$5.7M	$8.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2978	−0.140%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2983	+0.021%	$987K	$246K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	−0.135%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2977	−0.175%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	−0.106%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+0.119%	$94K	$129K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2980	−0.072%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2973	−0.307%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2984	+0.062%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2978	−0.156%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0156%	1h	0.2986	+0.116%	$19.2M	$13.2M	10x	as long as short
Phoenix JUP	+0.0162%	1h	0.2984	+0.045%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2977	−0.176%	$2.2M	$506K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2987	+0.156%	$74K	$95K	50x	as long as short