Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h −0.015%

Price spread now: Paradex against Phemex−0.415%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Paradex

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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Paradex is 0.415% cheaper against Phemex than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.2936	0.0339	pay 0.0170% / 4h	1h 51m	$2.9M	$2.8M	50x
Short	Paradex JUP-USD-PERP	0.2924	0.0096	get 0.0096% / 8h	5h 51m	$9K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.415%Rate

Funding earned: −$51.09
Price spread: −0.415% → 0.000%: −$41.47
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$108.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; Paradex: 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 Phemex live order book, 5 min ago	3.39 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2930	−0.194%	$16K	—	100x	as long as short
ApeX Omni JUPUSDT	−0.0179%	1h	0.2932	−0.136%	$162K	$235K	50x	as long as short
Pacifica JUP	−0.0134%	1h	0.2925	−0.363%	$279K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0092%	1h	0.2924	−0.412%	$54K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2933	−0.109%	$18K	—	150x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2927	−0.317%	$26K	$2K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2918	−0.612%	—	—	20x	as long as short
Paradex JUP-USD-PERPshort	+0.0096%	8h	0.2924	−0.415%	$9K	$9K	10x
Lighter JUP	+0.0096%	1h	0.2928	−0.286%	$756K	$949K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2923	−0.460%	$574K	$474K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2925	−0.371%	$17.7M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2925	−0.368%	$99K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2924	−0.392%	$16.1M	$37.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2922	−0.477%	$15.8M	$16.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2922	−0.477%	$4.0M	$9.6M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2922	−0.477%	$684K	$971K	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2924	−0.409%	$7.9M	$5.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2926	−0.341%	$4.0M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2920	−0.545%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2922	−0.477%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2931	−0.181%	$988K	$236K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+0.128%	$711K	$312K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2933	−0.087%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2930	−0.204%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2925	−0.375%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2924	−0.409%	$111K	$57K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2944	+0.290%	$61K	−$0	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2917	−0.663%	$2.2M	$545K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2918	−0.613%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0161%	4h	0.2932	−0.136%	$821K	$364K	50x	as long as short
Phoenix JUP	+0.0270%	1h	0.2940	+0.126%	$97K	$269K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2917	−0.654%	$81K	$59K	50x	as long as short
Phemex JUPUSDTlong	+0.0339%	4h	0.2936	long leg	$2.9M	$2.8M	50x
Kraken Futures PF_JUPUSD	+0.0532%	1h	0.2921	−0.525%	$576K	$405K	20x	as long as short
dYdX JUP-USD	+0.1479%	1h	0.2927	−0.297%	$39K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+2.861%	$3K	$205K	5.5x	as long as short