Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8hnext payment −$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Nado against ApeX Omni−0.244%61s7-day average −0.064% · 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—prices read too far apart to compare

costs, in and out, $10k−$570.571% of the position

Long on ApeX Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.978%+$98 · spread now −0.244%, 7d avg −0.064%

Together, before fees+0.979%+ Points / potential airdropNado: Active · farm board+$98 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.179% cheaper against ApeX Omni than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.064%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2976	0.0100	pay 0.0013% / 1h	53m 59s	$158K	$320K	50x
Short	Nado JUP-PERP	0.2969	0.0100	get 0.0012% / 1h	53m 59s	$599K	$660K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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 ApeX OmnibpFee NadobpOrdersPrice spread, now −0.244%Rate

Funding earned: $0
Price spread: −0.244% → −0.064%: −$17.92
Slippage, 4 orders: −$40.11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$75.04
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 min ago; Nado: live order book, 38 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 ApeX Omni live order book, 37 min ago	10.17 bp	18.2 bp −$18	112.4 bp −$1,124	doesn't fit	doesn't fit
Sell Nado live order book, 38 min ago	1.53 bp	10.8 bp −$11	45.0 bp −$450	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	−0.4049%	1h	0.2935	−1.378%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0463% / S +0.0168%	1h	0.2973	−0.088%	$13K	—	100x	as long as short
Phoenix JUP	0.0000%	1h	0.2973	−0.104%	$45K	$396K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2973	−0.091%	$58K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2973	−0.108%	$17K	—	150x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2973	−0.100%	$39K	$41K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	−0.245%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2971	−0.175%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2976	+0.003%	$912K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0098%	4h	0.2972	−0.134%	$31K	$52K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERPshort	+0.0100%	1h	0.2969	−0.244%	$599K	$660K	10x
Hyperliquid JUP	+0.0100%	1h	0.2975	−0.020%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2972	−0.134%	$108K	$368K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2971	−0.168%	$284K	$164K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2971	−0.158%	$16.5M	$56.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2970	−0.202%	$16.7M	$23.6M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2971	−0.168%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.500%	$58K	$3K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2969	−0.235%	$757K	$1.9M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2972	−0.134%	$8.3M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2972	−0.134%	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2969	−0.235%	$5.8M	$8.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2971	−0.168%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2973	−0.094%	$984K	$269K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2970	−0.216%	$730K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2976	0.000%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2976	long leg	$158K	$320K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2973	−0.091%	$94K	$142K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.403%	$111K	$69K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2973	−0.117%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0129%	4h	0.2974	−0.067%	$875K	$276K	50x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2972	−0.138%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2980	+0.151%	$74K	$94K	50x	as long as short
Extended JUP-USD	+0.0280%	1h	0.2968	−0.270%	$2.2M	$541K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0286%	1h	0.2973	−0.102%	$599K	$611K	20x	as long as short
Phemex JUPUSDT	+0.0798%	4h	0.2977	+0.034%	$2.9M	$4.1M	50x	as long as short