Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Aster against Phemex−0.117%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$810.812% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.117%, 7d avg −0.136%

Together, before fees−0.048%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.2971	0.0100	pay 0.0050% / 4h	12m 29s	$2.9M	$4.2M	50x
Short	Aster JUPUSDT	0.2968	0.0100	get 0.0050% / 4h	12m 29s	$107K	$368K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → −0.136%: $1.92
Slippage, 4 orders: −$61.2
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$79.29
Costs to cover: 0.812%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Aster: live order book, 19 min ago.

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 Phemex live order book, 6 min ago	5.04 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 19 min ago	3.39 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit

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	−0.2340%	1h	0.2939	−1.077%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0463% / S +0.0168%	1h	0.2969	−0.067%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0120%	1h	0.2969	−0.084%	$57K	$13K	10x	as long as short
Gate JUP_USDT	−0.0106%	4h	0.2968	−0.101%	$760K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2969	−0.067%	$45K	$383K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2969	−0.075%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2964	−0.221%	—	—	20x	as long as short
dYdX JUP-USD	+0.0076%	1h	0.2971	0.000%	$39K	$41K	5x	as long as short
Bybit JUPUSDT	+0.0089%	4h	0.2965	−0.202%	$16.6M	$23.5M	50x	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2965	−0.192%	$9K	$15K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2971	0.000%	$911K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0098%	4h	0.2969	−0.067%	$31K	$52K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2965	−0.194%	$599K	$656K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2971	−0.010%	$19.0M	$14.2M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2968	−0.117%	$107K	$368K	10x
Pacifica JUP	+0.0100%	1h	0.2967	−0.150%	$283K	$163K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	−0.135%	$16.5M	$56.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2964	−0.236%	$4.1M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2976	+0.168%	$59K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2965	−0.202%	$8.4M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2969	−0.067%	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2965	−0.202%	$5.8M	$8.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2965	−0.202%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2968	−0.094%	$983K	$267K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2966	−0.181%	$728K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2968	−0.087%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2968	−0.101%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2971	−0.013%	$94K	$143K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.236%	$111K	$69K	20x	as long as short
Phemex JUPUSDTlong	+0.0100%	4h	0.2971	long leg	$2.9M	$4.2M	50x
Aevo JUP-PERP	+0.0104%	1h	0.2967	−0.151%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0119%	4h	0.2968	−0.101%	$880K	$275K	50x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2969	−0.081%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2973	+0.071%	$74K	$94K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0346%	1h	0.2968	−0.087%	$598K	$603K	20x	as long as short
Extended JUP-USD	+0.0392%	1h	0.2965	−0.211%	$2.2M	$529K	25x	as long as short