Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h 0.000%

Price spread now: Aster against Paradex+0.037%49s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.037% dearer against Paradex than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2980	0.0083	pay 0.0083% / 8h	47m 54s	$9K	$13K	10x
Short	Aster JUPUSDT	0.2982	0.0100	get 0.0050% / 4h	47m 54s	$109K	$363K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now +0.037%Rate

Funding earned: $3.62
Price spread: +0.037% → 0.000%: $3.7
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.68
Costs to cover: 0.120%
Break-even: 16.0 days

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 29 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 29 min ago	1.69 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit

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	−0.4371%	1h	0.2944	−1.224%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2981	+0.003%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2981	+0.017%	$602K	$621K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2982	+0.051%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2981	+0.008%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2982	+0.050%	$17K	—	150x	as long as short
BloFin JUP-USDT	+0.0053%	4h	0.2980	−0.016%	$846K	$330K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2979	−0.063%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0068%	4h	0.2977	−0.103%	$16.3M	$22.9M	50x	as long as short
Gate JUP_USDT	+0.0074%	4h	0.2980	−0.016%	$749K	$1.8M	75x	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	+0.0080%	1h	0.2983	+0.088%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERPlong	+0.0083%	8h	0.2980	long leg	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.2982	+0.055%	$799K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2980	−0.024%	$615K	$663K	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2982	+0.037%	$109K	$363K	10x
Binance JUPUSDT	+0.0100%	4h	0.2980	−0.016%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2976	−0.150%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2983	+0.072%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2980	−0.016%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2982	+0.051%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2982	+0.051%	$5.9M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2979	−0.049%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2981	+0.024%	$987K	$246K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	−0.079%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2983	+0.074%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2982	+0.051%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2987	+0.216%	$94K	$129K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2981	+0.018%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2972	−0.284%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.185%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2976	−0.143%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0115%	1h	0.2981	+0.033%	$39K	$34K	5x	as long as short
Phoenix JUP	+0.0162%	1h	0.2987	+0.206%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0195%	1h	0.2985	+0.152%	$19.2M	$13.2M	10x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2978	−0.093%	$2.2M	$506K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2987	+0.212%	$74K	$95K	50x	as long as short