Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Paradex+0.226%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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. gTrade (Gains Network) is 0.226% dearer against Paradex than usual: you sell high and buy low (spread +0.226% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2916	0.0097	pay 0.0097% / 8h	17m 28s	$9K	$11K	10x
Short	gTrade (Gains Network) JUP/USD	0.2922	L +0.0001% / S −0.0001%	get 0.0000% / 1h	17m 28s	$16K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.226%Rate

Funding earned: −$20.3
Price spread: +0.226% → 0.000%: $22.55
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$11.75
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Paradex and gTrade (Gains Network): 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	−0.3836%	1h	0.2875	−1.396%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2915	−0.015%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2916	+0.016%	$278K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0001% / S −0.0001%	1h	0.2922	+0.226%	$16K	—	150x
Deribit JUP_USDC-PERPETUAL	+0.0024%	1h	0.2917	+0.048%	$52K	$17K	10x	as long as short
dYdX JUP-USD	+0.0028%	1h	0.2915	−0.009%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2920	+0.148%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2919	+0.106%	$756K	$1.0M	10x	as long as short
Paradex JUP-USD-PERPlong	+0.0097%	8h	0.2916	long leg	$9K	$11K	10x
Nado JUP-PERP	+0.0100%	1h	0.2919	+0.130%	$574K	$492K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2924	+0.281%	$18.0M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2918	+0.095%	$101K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2918	+0.095%	$16.0M	$38.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2916	+0.013%	$15.8M	$17.3M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2921	+0.181%	$4.0M	$10.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2912	−0.127%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2915	−0.024%	$698K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2922	+0.216%	$6.9M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2918	+0.078%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2921	+0.181%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2920	+0.147%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2916	+0.024%	$965K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2903	−0.436%	$705K	$529K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2915	−0.012%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2913	−0.093%	$161K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2920	+0.147%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2916	+0.010%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2908	−0.265%	$109K	$42K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2917	+0.044%	$2.2M	$579K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2915	−0.027%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2920	+0.147%	$26K	$2K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2927	+0.373%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2910	−0.196%	$816K	$370K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2909	−0.241%	$104K	$284K	10x	as long as short
Phemex JUPUSDT	+0.0372%	4h	0.2918	+0.078%	$2.9M	$3.0M	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0415%	1h	0.2917	+0.054%	$574K	$417K	20x	as long as short