Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h −0.027%

Price spread now: Paradex against BloFin+0.110%93s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. Paradex is 0.110% dearer against BloFin than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days. The two prices were read 93 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	BloFin JUP-USDT	0.2895	0.0160	pay 0.0080% / 4h	1h 07m	$803K	$368K	50x
Short	Paradex JUP-USD-PERP	0.2898	0.0083	get 0.0083% / 8h	5h 07m	$9K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$16.18
Price spread: +0.110% → 0.000%: $11.02
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 37 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 BloFin live order book, 37 min ago	3.43 bp	12.5 bp −$12	23.8 bp −$238	94.9 bp −$9,487	doesn't fit
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 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2893	−0.055%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2897	+0.074%	$276K	$133K	10x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2898	+0.086%	$26K	$2K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2900	+0.159%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2899	+0.123%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2898	+0.094%	—	—	20x	as long as short
Paradex JUP-USD-PERPshort	+0.0083%	8h	0.2898	+0.110%	$9K	$9K	10x
Lighter JUP	+0.0096%	1h	0.2900	+0.162%	$743K	$963K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2897	+0.069%	$437K	$623K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2900	+0.157%	$17.5M	$6.7M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2897	+0.078%	$99K	$261K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2897	+0.069%	$15.7M	$34.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2896	+0.041%	$15.7M	$14.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2898	+0.104%	$3.9M	$9.2M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2897	+0.069%	$702K	$1.0M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2898	+0.104%	$8.0M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2899	+0.138%	$4.0M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2898	+0.104%	$5.7M	$3.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2897	+0.069%	—	$10.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2898	+0.121%	$975K	$236K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2890	−0.180%	$696K	$246K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2897	+0.065%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2894	−0.035%	$158K	$223K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2901	+0.207%	$92K	$101K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2899	+0.138%	$33K	$27K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2892	−0.104%	$110K	$57K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2898	+0.104%	$60K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2896	+0.046%	$2.1M	$562K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2898	+0.112%	$40K	—	3x	as long as short
BloFin JUP-USDTlong	+0.0160%	4h	0.2895	long leg	$803K	$368K	50x
Phoenix JUP	+0.0270%	1h	0.2900	+0.166%	$97K	$269K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2910	+0.528%	$80K	$59K	50x	as long as short
Phemex JUPUSDT	+0.0336%	4h	0.2901	+0.207%	$2.9M	$2.7M	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0535%	1h	0.2901	+0.220%	$576K	$390K	20x	as long as short
dYdX JUP-USD	+0.0741%	1h	0.2894	−0.031%	$38K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+4.318%	$3K	$205K	5.5x	as long as short