Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.047%

Price spread now: Deribit against Aster+0.037%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.037% dearer against Aster than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.2961	0.0100	pay 0.0050% / 4h	2h 27m	$114K	$320K	10x
Short	Deribit JUP_USDC-PERPETUAL	0.2962	0	get 0.0000% / 1h	27m 44s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$21
Price spread: +0.037% → 0.000%: $3.71
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$32.29
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 39 min ago; Deribit: 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 Aster live order book, 39 min ago	3.33 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 35 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	−0.4347%	1h	0.2901	−2.023%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2956	−0.161%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2960	−0.031%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0212%	4h	0.2958	−0.098%	$15.9M	$20.2M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0058%	4h	0.2961	+0.003%	$4.1M	$14.4M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2962	+0.049%	$593K	$522K	20x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2962	+0.037%	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2959	−0.054%	—	—	150x	as long as short
Variational Omni JUP	+0.0009%	4h	0.2947	−0.468%	$720K	$751K	—	as long as short
dYdX JUP-USD	+0.0017%	1h	0.2956	−0.172%	$39K	$29K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0028%	4h	0.2959	−0.064%	$732K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	−0.071%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2956	−0.160%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.118%	$783K	$1.3M	10x	as long as short
01 Exchange JUPUSD	+0.0096%	1h	0.2960	−0.030%	$26K	$19K	5x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	+0.037%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	−0.115%	$601K	$599K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.115%	$18.8M	$11.1M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2961	long leg	$114K	$320K	10x
Binance JUPUSDT	+0.0100%	4h	0.2961	+0.011%	$16.4M	$46.4M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.837%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2961	+0.003%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.003%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.003%	$5.8M	$6.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.030%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	+0.064%	$981K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2948	−0.435%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	−0.301%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	−0.010%	$94K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.267%	$111K	$49K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.036%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	−0.037%	$97K	$402K	10x	as long as short
Phemex JUPUSDT	+0.0226%	4h	0.2963	+0.071%	$2.9M	$3.6M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2959	−0.047%	$75K	$52K	50x	as long as short
Extended JUP-USD	+0.0336%	1h	0.2960	−0.039%	$2.2M	$487K	25x	as long as short