Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h −0.040%

Price spread now: Paradex against Coinbase International−0.057%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 −$4 a day on $10k at the current rate, and Paradex is 0.057% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JUP-PERP-INTX	0.2943	0.0240	pay 0.0030% / 1h	57m 51s	$74K	$49K	50x
Short	Paradex JUP-USD-PERP	0.2941	0.0095	get 0.0095% / 8h	5h 57m	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$30.52
Price spread: −0.057% → 0.000%: −$5.7
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$50.22
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Coinbase International and 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 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	−0.5000%	1h	0.2916	−0.921%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2940	−0.102%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2942	−0.025%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0090%	1h	0.2940	−0.109%	$54K	$16K	10x	as long as short
Bybit JUPUSDT	−0.0035%	4h	0.2932	−0.367%	$15.7M	$19.4M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0004%	4h	0.2934	−0.309%	$4.0M	$12.7M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2945	+0.048%	$38K	$28K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2940	−0.094%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0021%	1h	0.2938	−0.173%	$975K	$237K	10x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2941	−0.068%	$26K	$19K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2940	−0.113%	—	—	20x	as long as short
Variational Omni JUP	+0.0075%	4h	0.2942	−0.021%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERPshort	+0.0095%	8h	0.2941	−0.057%	$9K	$11K	10x
Lighter JUP	+0.0096%	1h	0.2943	+0.007%	$778K	$1.1M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2942	−0.037%	$595K	$512K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2939	−0.122%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2938	−0.165%	$113K	$309K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2933	−0.338%	$16.2M	$44.1M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2938	−0.173%	$729K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.309%	$7.1M	$6.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2937	−0.207%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2936	−0.241%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2934	−0.309%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.268%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	+0.099%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2945	+0.082%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2940	−0.105%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2936	−0.241%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2943	−0.003%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.269%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2941	−0.070%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+0.241%	$97K	$328K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2942	−0.048%	$587K	$498K	20x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0240%	1h	0.2943	long leg	$74K	$49K	50x
Extended JUP-USD	+0.0384%	1h	0.2933	−0.349%	$2.2M	$490K	25x	as long as short