Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.006%

Price spread now: Nado against Bybit+0.145%7-day average +0.015% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+1.392%+$139 · spread now +0.145%, 7d avg +0.015%

Together, before fees+1.396%+ Points / potential airdropNado: Active · farm board+$140 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Nado is 0.130% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2941	−0.0037	get 0.0019% / 4h	2h 00m	$15.8M	$19.4M	50x
Short	Nado JUP-PERP	0.2945	0.0100	get 0.0012% / 1h	0m 14s	$595K	$516K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now +0.145%Rate

Funding earned: $28.82
Price spread: +0.145% → +0.015%: $12.96
Slippage, 4 orders: −$23.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $0.14
Costs to cover: 0.416%
Break-even: 7.0 days

Slippage from Bybit: live order book, 3 min ago; Nado: live order book, 3 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 Bybit live order book, 3 min ago	1.70 bp	12.1 bp −$12	32.9 bp −$329	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	1.87 bp	8.0 bp −$8	33.9 bp −$339	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	−0.816%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2946	+0.179%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2943	+0.078%	$16K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0191%	1h	0.2943	+0.078%	$54K	$16K	10x	as long as short
Bybit JUPUSDTlong	−0.0037%	4h	0.2941	long leg	$15.8M	$19.4M	50x
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2944	+0.110%	$588K	$503K	20x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2944	+0.112%	—	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0002%	4h	0.2943	+0.068%	$4.0M	$12.8M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2942	+0.034%	—	—	20x	as long as short
dYdX JUP-USD	+0.0073%	1h	0.2949	+0.288%	$39K	$28K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0075%	4h	0.2942	+0.050%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0094%	8h	0.2945	+0.130%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2945	+0.153%	$779K	$1.3M	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2945	+0.145%	$595K	$516K	10x
Hyperliquid JUP	+0.0100%	1h	0.2947	+0.218%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2947	+0.212%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2942	+0.034%	$16.2M	$44.1M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2945	+0.136%	$731K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2941	0.000%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2944	+0.102%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2943	+0.068%	$5.7M	$6.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2942	+0.034%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2944	+0.088%	$975K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.340%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+0.306%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2948	+0.221%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2944	+0.102%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	+0.068%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2948	+0.238%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.340%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2942	+0.017%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2945	+0.136%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+0.313%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2947	+0.214%	$74K	$49K	50x	as long as short
Extended JUP-USD	+0.0400%	1h	0.2942	+0.035%	$2.2M	$490K	25x	as long as short