Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.020%

Price spread now: OKX against Nado+0.051%7-day average −0.027% · 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−$38as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Nado Short on OKX

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)−1.510%−$151 · spread now +0.051%, 7d avg −0.027%

Together, before fees−1.532%+ Points / potential airdropNado: Active · farm board−$153 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.078% dearer against Nado than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.027%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 3 days (−0.022% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2945	0.0100	pay 0.0012% / 1h	55m 05s	$595K	$509K	10x
Short	OKX JUP-USDT-SWAP	0.2947	−0.0003	pay 0.0002% / 4h	1h 55m	$4.0M	$12.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$21.67
Price spread: +0.051% → −0.027%: $7.81
Slippage, 4 orders: −$29.29
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.14
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Nado: live order book, 8 min ago; OKX: live order book, 3 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, 8 min ago	1.87 bp	8.6 bp −$9	36.8 bp −$368	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.70 bp	18.6 bp −$19	49.7 bp −$497	doesn't fit	doesn't fit

JUP on 35 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	−1.409%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2945	−0.007%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2948	+0.069%	$281K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0090%	1h	0.2944	−0.065%	$54K	$16K	10x	as long as short
Bybit JUPUSDT	−0.0038%	4h	0.2945	−0.017%	$15.8M	$19.4M	50x	as long as short
OKX JUP-USDT-SWAPshort	−0.0003%	4h	0.2947	+0.051%	$4.0M	$12.7M	50x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	+0.035%	—	—	150x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2948	+0.099%	$39K	$27K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0048%	1h	0.2947	+0.041%	$979K	$224K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2943	−0.075%	—	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0077%	4h	0.2954	+0.289%	$717K	$718K	—	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2946	+0.019%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2949	+0.122%	$780K	$1.1M	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2945	long leg	$595K	$509K	10x
Hyperliquid JUP	+0.0100%	1h	0.2949	+0.128%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2946	+0.026%	$114K	$308K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	+0.017%	$16.2M	$43.8M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2947	+0.051%	$731K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2945	−0.017%	$7.4M	$6.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2946	+0.017%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	+0.017%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	+0.017%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2937	−0.304%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2936	−0.323%	$156K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2951	+0.183%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2944	−0.051%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2940	−0.187%	$111K	$46K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.153%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2945	−0.027%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	−0.048%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2949	+0.129%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.496%	$97K	$329K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2945	−0.010%	$588K	$498K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2950	+0.163%	$74K	$49K	50x	as long as short
Extended JUP-USD	+0.0376%	1h	0.2942	−0.108%	$2.2M	$490K	25x	as long as short