Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.024%

Price spread now: BloFin against Nado+0.239%7-day average +0.032% · 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−$23as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.143%+$14 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now +0.239%, 7d avg +0.032%

Together, before fees+0.361%+ Points / potential airdropNado: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.207% dearer against Nado than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2929	0.0100	pay 0.0012% / 1h	32m 33s	$577K	$487K	10x
Short	BloFin JUP-USDT	0.2936	0.0340	get 0.0170% / 4h	3h 32m	$822K	$375K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.239%Rate

Funding earned: $50.4
Price spread: +0.239% → +0.032%: $20.69
Slippage, 4 orders: −$24.48
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $27.61
Costs to cover: 0.435%
Break-even: 3.2 days

Slippage from Nado: live order book, 66 min ago; BloFin: live order book, 44 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, 66 min ago	1.71 bp	10.1 bp −$10	39.5 bp −$395	doesn't fit	doesn't fit
Sell BloFin live order book, 44 min ago	5.13 bp	11.9 bp −$12	27.5 bp −$275	92.9 bp −$9,287	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	−0.3798%	1h	0.2898	−1.058%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2932	+0.098%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0074%	4h	0.2929	−0.010%	$15.9M	$17.0M	50x	as long as short
Pacifica JUP	−0.0070%	1h	0.2933	+0.125%	$280K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2933	+0.123%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2934	+0.163%	$16K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2937	+0.266%	—	—	20x	as long as short
dYdX JUP-USD	+0.0081%	1h	0.2934	+0.180%	$39K	$16K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	+0.256%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2933	+0.130%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERPlong	+0.0100%	1h	0.2929	long leg	$577K	$487K	10x
Hyperliquid JUP	+0.0100%	1h	0.2937	+0.266%	$18.1M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2933	+0.138%	$101K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2931	+0.075%	$16.0M	$38.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2930	+0.034%	$4.0M	$10.0M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2932	+0.102%	$696K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2932	+0.102%	$7.9M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2934	+0.171%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2932	+0.102%	$5.8M	$4.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2930	+0.034%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2933	+0.143%	$974K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+0.359%	$715K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2942	+0.444%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	+0.649%	$163K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2933	+0.137%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2933	+0.137%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2937	+0.273%	$113K	$46K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2946	+0.571%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2929	−0.013%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0160%	1h	0.2929	−0.009%	$2.2M	$576K	25x	as long as short
01 Exchange JUPUSD	+0.0232%	1h	0.2932	+0.085%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2943	+0.485%	$107K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0279%	1h	0.2935	+0.190%	$579K	$412K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2957	+0.939%	$75K	$49K	50x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2936	+0.239%	$822K	$375K	50x
Phemex JUPUSDT	+0.0410%	4h	0.2939	+0.341%	$2.9M	$2.9M	50x	as long as short