Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Orderly against Aster−0.159%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.159% cheaper against Aster than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.3018	0.0100	pay 0.0050% / 4h	3h 10m	$116K	$328K	10x
Short	Orderly PERP_JUP_USDC	0.3013	0.0100	get 0.0050% / 4h	3h 10m	$32K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.159%Rate

Funding earned: −$0.08
Price spread: −0.159% → 0.000%: −$15.95
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$30.02
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 61 min ago; Orderly: 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, 61 min ago	1.68 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.4634%	1h	0.2985	−1.087%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3021	+0.098%	$288K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3014	−0.141%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3013	−0.150%	$607K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0082%	1h	0.3012	−0.179%	$55K	$16K	10x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.3015	−0.096%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0028%	4h	0.3017	−0.027%	$4.1M	$15.7M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3014	−0.114%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0046%	1h	0.3018	+0.022%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3012	−0.183%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0080%	8h	0.3021	+0.112%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3023	+0.172%	$757K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDCshort	+0.0100%	4h	0.3013	−0.159%	$32K	$45K	10x
Nado JUP-PERP	+0.0100%	1h	0.3012	−0.184%	$623K	$626K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3025	+0.225%	$19.4M	$11.7M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.3018	long leg	$116K	$328K	10x
Binance JUPUSDT	+0.0100%	4h	0.3020	+0.086%	$16.6M	$48.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3018	+0.006%	$16.5M	$20.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.557%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3018	+0.006%	$758K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3021	+0.106%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3018	+0.006%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3021	+0.106%	$5.9M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3018	+0.006%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3014	−0.143%	$997K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3010	−0.259%	$728K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3023	+0.172%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3016	−0.060%	$160K	$308K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3017	−0.017%	$95K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3011	−0.226%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3018	+0.006%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3016	−0.049%	$2.2M	$490K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3011	−0.239%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3019	+0.043%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3019	+0.029%	$75K	$60K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3014	−0.126%	$853K	$358K	50x	as long as short