Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Bitget−0.025%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$480.475% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+1.600%+$160 · spread now −0.025%, 7d avg +0.003%

Together, before fees+1.598%+ Points / potential airdropNado: Active · farm board+$160 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.029% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JUPUSDT	0.2963	0.0100	pay 0.0050% / 4h	2h 24m	$5.8M	$6.5M	75x
Short	Nado JUP-PERP	0.2962	0.0100	get 0.0012% / 1h	24m 12s	$601K	$536K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.003%: −$2.87
Slippage, 4 orders: −$28.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$50.4
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Nado: live order book, 44 min ago.

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 Bitget live order book, 4 min ago	5.07 bp	13.6 bp −$14	27.2 bp −$272	doesn't fit	doesn't fit
Sell Nado live order book, 44 min ago	1.99 bp	8.7 bp −$9	36.9 bp −$369	doesn't fit	doesn't fit

JUP on 35 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	−0.4347%	1h	0.2917	−1.552%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2965	+0.065%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2961	−0.056%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0190%	4h	0.2961	−0.067%	$15.9M	$20.1M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0049%	4h	0.2964	+0.034%	$4.1M	$14.2M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2965	+0.051%	$593K	$514K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2962	−0.020%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2962	−0.025%	—	—	150x	as long as short
dYdX JUP-USD	+0.0015%	1h	0.2966	+0.118%	$39K	$29K	5x	as long as short
Variational Omni JUP	+0.0036%	4h	0.2967	+0.135%	$724K	$751K	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0044%	4h	0.2965	+0.067%	$740K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	−0.075%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2963	+0.005%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2967	+0.142%	$784K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2963	0.000%	$31K	$43K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2962	−0.025%	$601K	$536K	10x
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.074%	$18.9M	$10.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2965	+0.073%	$114K	$321K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2963	0.000%	$16.4M	$45.8M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2964	+0.034%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	0.000%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2964	+0.034%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.2963	long leg	$5.8M	$6.5M	75x
BingX JUP-USDT	+0.0100%	4h	0.2965	+0.067%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	+0.013%	$981K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	−0.035%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2954	−0.304%	$157K	$302K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.054%	$94K	$109K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2962	−0.034%	$112K	$49K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2961	−0.082%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2965	+0.054%	$26K	$19K	5x	as long as short
Phemex JUPUSDT	+0.0125%	4h	0.2967	+0.135%	$2.9M	$3.5M	50x	as long as short
Phoenix JUP	+0.0188%	1h	0.2970	+0.253%	$98K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2966	+0.091%	$75K	$51K	50x	as long as short
Extended JUP-USD	+0.0392%	1h	0.2962	−0.043%	$2.2M	$485K	25x	as long as short