Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.068%

Price spread now: Extended against Aster−0.075%7-day average −0.105% · 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−$58as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.609%+$61 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.075%, 7d avg −0.105%

Together, before fees+0.532%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$53 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: Extended is 0.030% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.3018	0.0100	pay 0.0050% / 4h	3h 15m	$117K	$329K	10x
Short	Extended JUP-USD	0.3015	0.0104	get 0.0013% / 1h	15m 09s	$2.2M	$488K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0.84
Price spread: −0.075% → −0.105%: $2.99
Slippage, 4 orders: −$47.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$56.76
Costs to cover: 0.606%
Break-even: 480.0 days

Slippage from Aster: live order book, 57 min ago; Extended: live order book, 3 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 Aster live order book, 57 min ago	1.68 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	6.63 bp	12.2 bp −$12	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	−0.4634%	1h	0.2973	−1.478%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3016	−0.052%	$287K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3017	−0.008%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3018	−0.003%	$607K	$526K	20x	as long as short
01 Exchange JUPUSD	−0.0056%	1h	0.3016	−0.060%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0020%	4h	0.3015	−0.086%	$4.1M	$15.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3018	0.000%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3017	−0.024%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0036%	1h	0.3014	−0.135%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3016	−0.068%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0078%	8h	0.3016	−0.068%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3018	+0.027%	$756K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3018	+0.013%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3015	−0.086%	$625K	$626K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3020	+0.090%	$19.4M	$11.7M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.3018	long leg	$117K	$329K	10x
Binance JUPUSDT	+0.0100%	4h	0.3017	−0.034%	$16.6M	$48.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3015	−0.086%	$16.6M	$20.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.550%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3015	−0.086%	$756K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3016	−0.053%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3017	−0.020%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3017	−0.020%	$5.9M	$6.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3014	−0.119%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3018	0.000%	$999K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3009	−0.284%	$728K	$771K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3009	−0.285%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3009	−0.285%	$160K	$308K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3021	+0.103%	$95K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3010	−0.252%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3020	+0.080%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USDshort	+0.0104%	1h	0.3015	−0.075%	$2.2M	$488K	25x
Aevo JUP-PERP	+0.0104%	1h	0.3019	+0.031%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3006	−0.378%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3019	+0.063%	$75K	$61K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3012	−0.185%	$854K	$347K	50x	as long as short