Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.001%

Price spread now: Paradex against BingX−0.033%48s7-day average — · you buy dearer than you sell

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

Long on BingX Short on Paradex

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.033% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2959	0.0100	pay 0.0050% / 4h	1h 20m	—	$20.9M	—
Short	Paradex JUP-USD-PERP	0.2958	0.0071	get 0.0071% / 8h	1h 20m	$9K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BingX. 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 BingXbpFee ParadexbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$6.17
Price spread: −0.033% → 0.000%: −$3.26
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.42
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; Paradex: 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 BingX live order book, 8 min ago	1.70 bp	7.8 bp −$8	11.2 bp −$112	22.8 bp −$2,282	124.8 bp −$62.4K
Sell Paradex no order-book sample	—	—	—	—	—

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	0.2911	−1.622%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2959	+0.003%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2958	−0.024%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2959	+0.006%	$601K	$613K	20x	as long as short
01 Exchange JUPUSD	−0.0032%	1h	0.2961	+0.078%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.027%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2959	−0.002%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0004%	4h	0.2959	0.000%	$748K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2956	−0.089%	—	—	20x	as long as short
Paradex JUP-USD-PERPshort	+0.0071%	8h	0.2958	−0.033%	$9K	$13K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDT	+0.0088%	4h	0.2957	−0.064%	$16.2M	$23.3M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	+0.108%	$794K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2956	−0.084%	$612K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.189%	$19.1M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	+0.040%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	+0.022%	$16.3M	$54.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.034%	$4.0M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	0.000%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.101%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2958	−0.034%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2959	long leg	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2960	+0.034%	$980K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.367%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	−0.174%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	−0.203%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.152%	$93K	$132K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2958	−0.034%	$31K	$50K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.270%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.135%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2941	−0.593%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.084%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2957	−0.062%	$2.2M	$504K	25x	as long as short
BloFin JUP-USDT	+0.0121%	4h	0.2959	0.000%	$848K	$325K	50x	as long as short
dYdX JUP-USD	+0.0131%	1h	0.2959	−0.014%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.041%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2961	+0.068%	$74K	$93K	50x	as long as short