Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%

Price spread now: Nado against Gate−0.009%7-day average +0.013% · 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−$68as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.350%+$35 · spread now −0.009%, 7d avg +0.013%

Together, before fees+0.373%+ Points / potential airdropNado: Active · farm board+$37 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 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2928	0.0100	pay 0.0050% / 4h	2h 15m	$719K	$1.4M	75x
Short	Nado JUP-PERP	0.2928	0.0100	get 0.0012% / 1h	15m 16s	$580K	$494K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee NadobpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.013%: −$2.14
Slippage, 4 orders: −$43.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$68.04
Costs to cover: 0.659%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Nado: live order book, 33 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 Gate live order book, 2 min ago	3.42 bp	23.7 bp −$24	96.3 bp −$963	doesn't fit	doesn't fit
Sell Nado live order book, 33 min ago	2.54 bp	9.5 bp −$9	43.4 bp −$434	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	−0.4499%	1h	0.2882	−1.571%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2928	+0.017%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2927	−0.040%	$279K	$141K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2929	+0.026%	—	—	150x	as long as short
dYdX JUP-USD	+0.0009%	1h	0.2925	−0.088%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0023%	1h	0.2930	+0.075%	$53K	$17K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2929	+0.018%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2932	+0.137%	$761K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2928	−0.012%	$9K	$11K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2928	−0.009%	$580K	$494K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2931	+0.106%	$18.1M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2930	+0.054%	$107K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2930	+0.052%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2928	−0.014%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2931	+0.102%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.990%	$60K	$280	10x	as long as short
Gate JUP_USDTlong	+0.0100%	4h	0.2928	long leg	$719K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2929	+0.034%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2930	+0.068%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2930	+0.068%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2929	+0.034%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2928	+0.003%	$967K	$192K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2924	−0.136%	$709K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2929	+0.034%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2926	−0.068%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2931	+0.116%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2930	+0.068%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2921	−0.239%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2930	+0.070%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2930	+0.065%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0152%	1h	0.2928	+0.008%	$2.2M	$556K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2931	+0.100%	$578K	$464K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2926	−0.068%	$98K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2933	+0.184%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2928	0.000%	$817K	$377K	50x	as long as short
Phemex JUPUSDT	+0.0605%	4h	0.2934	+0.205%	$2.9M	$3.1M	50x	as long as short