Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.740%

Price spread now: dYdX against Paradex+0.095%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 dYdX

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 for this trade now. Funding pays $0 a day on $10k at the current rate, and dYdX is 0.095% dearer against Paradex than usual: you sell high and buy low: +$10 more if the spread 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	Paradex JUP-USD-PERP	0.2962	0.0098	pay 0.0098% / 8h	5h 07m	$9K	$11K	10x
Short	dYdX JUP-USD	0.2965	0.0114	get 0.0014% / 1h	7m 24s	$39K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $3.27
Price spread: +0.095% → 0.000%: $9.53
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$1.21
Costs to cover: 0.140%
Break-even: 9.6 days

Slippage unknown: Paradex: no order-book sample; dYdX: 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 dYdX no order-book sample	—	—	—	—	—

Paradex and dYdX: 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	−0.723%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2961	−0.033%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2962	−0.018%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0054%	1h	0.2960	−0.068%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2961	−0.039%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2956	−0.218%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.067%	$783K	$1.1M	10x	as long as short
Paradex JUP-USD-PERPlong	+0.0098%	8h	0.2962	long leg	$9K	$11K	10x
Nado JUP-PERP	+0.0100%	1h	0.2958	−0.157%	$598K	$501K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	−0.037%	$18.8M	$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	0.2964	+0.060%	$114K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	−0.081%	$16.3M	$42.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2958	−0.145%	$15.9M	$19.0M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2960	−0.081%	$4.0M	$12.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2977	+0.493%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	−0.047%	$740K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.115%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	−0.081%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	−0.081%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	−0.115%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2965	+0.098%	$983K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2967	+0.152%	$724K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.146%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2965	+0.088%	$157K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	−0.054%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.047%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.149%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2969	+0.223%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.115%	$40K	—	3x	as long as short
dYdX JUP-USDshort	+0.0114%	1h	0.2965	+0.095%	$39K	$26K	5x
Kraken Futures PF_JUPUSD	+0.0200%	1h	0.2960	−0.071%	$592K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2963	+0.030%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	−0.051%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2968	+0.185%	$99K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2963	+0.020%	$842K	$386K	50x	as long as short
Extended JUP-USD	+0.0448%	1h	0.2958	−0.150%	$2.2M	$500K	25x	as long as short