Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Aster against Nado−0.111%58s7-day average +0.045% · 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—prices read too far apart to compare

costs, in and out, $10k−$560.560% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now −0.111%, 7d avg +0.045%

Together, before fees−0.141%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$14 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: Aster is 0.156% cheaper against Nado than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 58 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	Nado JUP-PERP	0.2919	0.0100	pay 0.0012% / 1h	34m 33s	$572K	$491K	10x
Short	Aster JUPUSDT	0.2916	0.0100	get 0.0050% / 4h	1h 34m	$105K	$281K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → +0.045%: −$15.59
Slippage, 4 orders: −$40.98
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$71.56
Costs to cover: 0.560%
Break-even: 1815326580769763.3 days

Slippage from Nado: live order book, 9 min ago; Aster: live order book, 7 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 Nado live order book, 9 min ago	3.07 bp	10.0 bp −$10	38.2 bp −$382	doesn't fit	doesn't fit
Sell Aster live order book, 7 min ago	3.41 bp	15.3 bp −$15	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	0.2900	−0.659%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2917	−0.070%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2916	−0.101%	$278K	$140K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2918	−0.033%	—	—	150x	as long as short
dYdX JUP-USD	+0.0017%	1h	0.2916	−0.128%	$39K	$18K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2918	−0.041%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2919	+0.002%	$756K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2917	−0.093%	$9K	$11K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2919	long leg	$572K	$491K	10x
Hyperliquid JUP	+0.0100%	1h	0.2919	−0.005%	$18.0M	$9.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDTshort	+0.0100%	4h	0.2916	−0.111%	$105K	$281K	10x
Binance JUPUSDT	+0.0100%	4h	0.2916	−0.111%	$16.0M	$39.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2914	−0.180%	$15.8M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2917	−0.077%	$4.0M	$10.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2928	+0.300%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2916	−0.111%	$694K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2916	−0.111%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2917	−0.077%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2917	−0.077%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2916	−0.111%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2918	−0.050%	$966K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2917	−0.077%	$708K	$624K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2927	+0.253%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2924	+0.163%	$161K	$256K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2922	+0.091%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2919	−0.009%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2912	−0.248%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2917	−0.094%	$40K	—	3x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0127%	1h	0.2919	−0.009%	$52K	$17K	10x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2919	−0.012%	$26K	$6K	5x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2916	−0.109%	$2.2M	$572K	25x	as long as short
Phoenix JUP	+0.0244%	1h	0.2929	+0.348%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.728%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2919	−0.009%	$821K	$376K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0377%	1h	0.2920	+0.011%	$576K	$419K	20x	as long as short
Phemex JUPUSDT	+0.0573%	4h	0.2925	+0.197%	$2.9M	$3.0M	50x	as long as short