Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Nado+0.136%7-day average 0.000% · 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−$24as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.646%−$65 · spread now +0.136%, 7d avg 0.000%

Together, before fees−0.646%+ Points / potential airdropNado: Active · farm board−$65 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: BingX is 0.136% dearer against Nado than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2933	0.0100	pay 0.0012% / 1h	40m 48s	$592K	$499K	10x
Short	BingX JUP-USDT	0.2937	0.0100	get 0.0050% / 4h	40m 48s	—	$20.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → 0.000%: $13.61
Slippage, 4 orders: −$20.75
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.15
Costs to cover: 0.378%
Break-even: 612568347614055.5 days

Slippage from Nado: live order book, 17 min ago; BingX: live order book, 13 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, 17 min ago	1.87 bp	9.1 bp −$9	36.7 bp −$367	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	5.09 bp	10.1 bp −$10	11.5 bp −$115	21.0 bp −$2,095	45.5 bp −$22.7K

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	−0.4661%	1h	0.2901	−1.091%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2933	−0.011%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2933	+0.007%	$279K	$147K	10x	as long as short
dYdX JUP-USD	+0.0001%	1h	0.2932	−0.020%	$38K	$25K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2933	+0.008%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2932	−0.017%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	+0.136%	$777K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2935	+0.084%	$587K	$485K	20x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2933	−0.016%	$9K	$11K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2933	long leg	$592K	$499K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2942	+0.317%	$18.7M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2935	+0.068%	$108K	$292K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2938	+0.163%	$16.2M	$42.2M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2936	+0.102%	$15.8M	$18.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2938	+0.170%	$4.0M	$11.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	+0.085%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2937	+0.136%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2936	+0.102%	$7.2M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2935	+0.068%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2939	+0.205%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2937	+0.136%	—	$20.7M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2935	+0.055%	$973K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2928	−0.155%	$715K	$667K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	+0.031%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2934	+0.034%	$156K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2938	+0.153%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2934	+0.034%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2927	−0.205%	$110K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2939	+0.205%	$2.9M	$3.2M	50x	as long as short
01 Exchange JUPUSD	+0.0104%	1h	0.2935	+0.068%	$26K	$17K	5x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2932	−0.049%	$40K	—	3x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0159%	1h	0.2935	+0.075%	$54K	$16K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2941	+0.286%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2937	+0.150%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2935	+0.068%	$838K	$382K	50x	as long as short
Extended JUP-USD	+0.0384%	1h	0.2938	+0.170%	$2.2M	$502K	25x	as long as short