Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.003%

Price spread now: Paradex against Nado−0.073%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.073% cheaper against Nado than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2951	0.0100	pay 0.0012% / 1h	5m 31s	$596K	$501K	10x
Short	Paradex JUP-USD-PERP	0.2949	0.0098	get 0.0098% / 8h	5h 05m	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$0.34
Price spread: −0.073% → 0.000%: −$7.27
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.61
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 58 min ago; Paradex: no order-book sample. Net counts fees only.

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, 58 min ago	1.87 bp	8.6 bp −$9	36.8 bp −$368	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2941	−0.330%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2952	+0.050%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2949	−0.067%	$281K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0123%	1h	0.2949	−0.059%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+0.067%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	+0.033%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2951	+0.015%	$779K	$1.1M	10x	as long as short
Paradex JUP-USD-PERPshort	+0.0098%	8h	0.2949	−0.073%	$9K	$11K	10x
Nado JUP-PERPlong	+0.0100%	1h	0.2951	long leg	$596K	$501K	10x
Hyperliquid JUP	+0.0100%	1h	0.2952	+0.036%	$18.7M	$9.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2951	+0.018%	$114K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	+0.055%	$16.3M	$42.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2950	−0.025%	$15.8M	$19.0M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	+0.076%	$4.0M	$12.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2977	+0.890%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2947	−0.127%	$736K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2947	−0.127%	$7.3M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2949	−0.059%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2951	+0.008%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2950	−0.025%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2949	−0.046%	$978K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.079%	$720K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.542%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2965	+0.483%	$157K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.154%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2949	−0.059%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	+0.110%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2953	+0.076%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.110%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0110%	1h	0.2949	−0.045%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2950	−0.027%	$590K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2956	+0.171%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.344%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2968	+0.581%	$99K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2962	+0.381%	$842K	$385K	50x	as long as short
Extended JUP-USD	+0.0448%	1h	0.2948	−0.085%	$2.2M	$500K	25x	as long as short