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 +0.001%

Price spread now: Bitget against Paradex−0.014%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bitget

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2982	0.0083	pay 0.0083% / 8h	48m 52s	$9K	$13K	10x
Short	Bitget JUPUSDT	0.2982	0.0100	get 0.0050% / 4h	48m 52s	$5.9M	$8.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.014%Rate

Funding earned: $3.66
Price spread: −0.014% → 0.000%: −$1.38
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13.71
Costs to cover: 0.160%
Break-even: 33.2 days

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.68 bp	12.2 bp −$12	27.5 bp −$275	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	−1.288%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2982	0.000%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2982	−0.007%	$602K	$621K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2981	−0.031%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2981	−0.041%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2982	+0.003%	$17K	—	150x	as long as short
BloFin JUP-USDT	+0.0053%	4h	0.2980	−0.081%	$846K	$330K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2980	−0.094%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0068%	4h	0.2980	−0.091%	$16.3M	$23.0M	50x	as long as short
Gate JUP_USDT	+0.0070%	4h	0.2980	−0.081%	$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	0.2984	+0.070%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERPlong	+0.0083%	8h	0.2982	long leg	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.2983	+0.023%	$799K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2981	−0.031%	$615K	$663K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2982	+0.001%	$109K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2982	−0.014%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2980	−0.081%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2983	+0.007%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2983	+0.020%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2982	−0.014%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2982	−0.014%	$5.9M	$8.1M	75x
BingX JUP-USDT	+0.0100%	4h	0.2980	−0.081%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	−0.017%	$987K	$246K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	−0.144%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2983	+0.009%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2982	−0.014%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2988	+0.184%	$94K	$129K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2981	−0.047%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.282%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.120%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	−0.110%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0127%	1h	0.2981	−0.032%	$39K	$34K	5x	as long as short
Phoenix JUP	+0.0162%	1h	0.2987	+0.140%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0178%	1h	0.2986	+0.110%	$19.2M	$13.2M	10x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2981	−0.049%	$2.2M	$506K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2987	+0.147%	$74K	$95K	50x	as long as short