Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h +0.001%

Price spread now: Paradex against Orderly−0.079%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Paradex is 0.079% cheaper against Orderly than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_JUP_USDC	0.2957	0.0100	pay 0.0050% / 4h	2h 43m	$31K	$44K	10x
Short	Paradex JUP-USD-PERP	0.2955	0.0085	get 0.0085% / 8h	6h 43m	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Orderly. 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 OrderlybpFee ParadexbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$3.04
Price spread: −0.079% → 0.000%: −$7.92
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.96
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and 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	−0.4347%	1h	0.2904	−1.792%	$3K	$206K	5.5x	as long as short
Bybit JUPUSDT	−0.0447%	4h	0.2950	−0.243%	$15.9M	$20.6M	50x	as long as short
Pacifica JUP	−0.0353%	1h	0.2954	−0.087%	$281K	$149K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2955	−0.075%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0096%	4h	0.2953	−0.135%	$4.1M	$14.8M	50x	as long as short
Gate JUP_USDT	−0.0032%	4h	0.2952	−0.169%	$737K	$1.5M	75x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2956	−0.021%	$594K	$523K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2957	−0.016%	$39K	$30K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2958	+0.034%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2956	−0.024%	—	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0016%	1h	0.2957	−0.010%	$26K	$19K	5x	as long as short
Variational Omni JUP	+0.0040%	4h	0.2951	−0.218%	$716K	$761K	—	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2953	−0.150%	—	—	20x	as long as short
Paradex JUP-USD-PERPshort	+0.0085%	8h	0.2955	−0.079%	$9K	$11K	10x
Lighter JUP	+0.0096%	1h	0.2955	−0.057%	$781K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDClong	+0.0100%	4h	0.2957	long leg	$31K	$44K	10x
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.118%	$607K	$602K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.105%	$18.9M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	0.000%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	−0.062%	$16.3M	$47.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2954	−0.101%	$7.5M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	−0.101%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	−0.101%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	−0.101%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2957	+0.007%	$980K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	+0.237%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2962	+0.169%	$157K	$302K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	−0.014%	$94K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	−0.237%	$111K	$55K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2962	+0.183%	$62K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	−0.135%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2953	−0.135%	$2.2M	$485K	25x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.098%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	−0.101%	$74K	$56K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2964	+0.237%	$853K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0478%	4h	0.2961	+0.135%	$2.9M	$3.6M	50x	as long as short