Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.045%

Price spread now: Deribit against Paradex+0.128%7-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 Deribit

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 pays, funding is against you. Deribit is 0.128% dearer against Paradex than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2957	0.0084	pay 0.0084% / 8h	6h 46m	$9K	$11K	10x
Short	Deribit JUP_USDC-PERPETUAL	0.2960	0	get 0.0000% / 1h	46m 40s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$17.66
Price spread: +0.128% → 0.000%: $12.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$15.84
Costs to cover: 0.110%
Break-even: from the start

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

Paradex and Deribit: 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	−1.776%	$3K	$206K	5.5x	as long as short
Bybit JUPUSDT	−0.0380%	4h	0.2952	−0.153%	$15.9M	$20.6M	50x	as long as short
Pacifica JUP	−0.0353%	1h	0.2956	−0.002%	$282K	$149K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2962	+0.187%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0088%	4h	0.2953	−0.119%	$4.0M	$14.9M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2960	+0.134%	$595K	$524K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2957	+0.002%	$39K	$31K	5x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2965	+0.274%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2960	+0.128%	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2963	+0.228%	—	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0034%	4h	0.2957	+0.017%	$741K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	+0.136%	—	—	20x	as long as short
Variational Omni JUP	+0.0060%	4h	0.2949	−0.269%	$715K	$768K	—	as long as short
Paradex JUP-USD-PERPlong	+0.0084%	8h	0.2957	long leg	$9K	$11K	10x
Lighter JUP	+0.0096%	1h	0.2958	+0.057%	$782K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	+0.186%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2961	+0.143%	$608K	$602K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.118%	$18.9M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	+0.163%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2957	+0.025%	$16.3M	$47.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2954	−0.085%	$7.6M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2958	+0.050%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	−0.085%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	−0.017%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2960	+0.128%	$981K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	+0.253%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2962	+0.186%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2969	+0.416%	$93K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2956	−0.017%	$111K	$55K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2962	+0.200%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2952	−0.153%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	−0.015%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2958	+0.057%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2966	+0.311%	$74K	$58K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2964	+0.253%	$853K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0419%	4h	0.2964	+0.253%	$2.9M	$3.6M	50x	as long as short