Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.066%

Price spread now: Aster against Extended+0.173%7-day average +0.102% · 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−$55as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.616%−$62 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.173%, 7d avg +0.102%

Together, before fees−0.643%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.071% dearer against Extended than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.102%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2954	0.0352	pay 0.0044% / 1h	40m 04s	$2.2M	$492K	25x
Short	Aster JUPUSDT	0.2960	0.0100	get 0.0050% / 4h	1h 40m	$114K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.173%Rate

Funding earned: −$52.92
Price spread: +0.173% → +0.102%: $7.1
Slippage, 4 orders: −$48.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$107.73
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Aster: live order book, 22 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 Extended live order book, 4 min ago	6.80 bp	12.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 22 min ago	1.70 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit

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	−0.5000%	1h	0.2904	−1.707%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2959	+0.145%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2957	+0.087%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.185%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2960	+0.177%	—	—	150x	as long as short
Bybit JUPUSDT	+0.0013%	4h	0.2956	+0.063%	$15.8M	$19.2M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0034%	4h	0.2956	+0.053%	$4.1M	$12.6M	50x	as long as short
Backpack JUP_USDC_PERP	+0.0036%	1h	0.2961	+0.215%	$983K	$255K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	+0.120%	—	—	20x	as long as short
Variational Omni JUP	+0.0093%	4h	0.2946	−0.288%	$719K	$698K	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2961	+0.236%	$783K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2960	+0.177%	$9K	$11K	10x	as long as short
dYdX JUP-USD	+0.0100%	1h	0.2959	+0.168%	$39K	$27K	5x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2958	+0.138%	$599K	$511K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.188%	$18.8M	$10.1M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2960	+0.173%	$114K	$298K	10x
Binance JUPUSDT	+0.0100%	4h	0.2957	+0.089%	$16.3M	$43.5M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.535%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2959	+0.154%	$739K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	+0.087%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	+0.154%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	+0.053%	$5.8M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	+0.188%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	−0.172%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	−0.286%	$157K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2963	+0.303%	$94K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2960	+0.188%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.015%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2960	+0.188%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	+0.065%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2962	+0.270%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0200%	1h	0.2959	+0.150%	$591K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2950	−0.147%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2937	−0.597%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2951	−0.116%	$841K	$370K	50x	as long as short
Extended JUP-USDlong	+0.0352%	1h	0.2954	long leg	$2.2M	$492K	25x