Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against BingX+0.017%53s7-day average −0.002% · you sell dearer than you buy

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−$320.324% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.257%+$26 · spread now +0.017%, 7d avg −0.002%

Together, before fees+0.254%+ Points / potential airdropNado: Active · farm board+$25 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2927	0.0100	pay 0.0050% / 4h	2h 15m	—	$20.7M	—
Short	Nado JUP-PERP	0.2927	0.0100	get 0.0012% / 1h	15m 31s	$580K	$494K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.002%: $1.93
Slippage, 4 orders: −$15.39
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.46
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Nado: live order book, 33 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 BingX live order book, 8 min ago	1.73 bp	6.7 bp −$7	8.8 bp −$88	21.0 bp −$2,101	56.1 bp −$28.1K
Sell Nado live order book, 33 min ago	2.54 bp	9.5 bp −$9	43.4 bp −$434	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	−0.4499%	1h	0.2882	−1.537%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2927	−0.003%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2927	−0.006%	$279K	$141K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2926	−0.024%	—	—	150x	as long as short
dYdX JUP-USD	+0.0009%	1h	0.2925	−0.054%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0023%	1h	0.2928	+0.017%	$53K	$17K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2928	+0.035%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2930	+0.102%	$761K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2928	+0.022%	$9K	$11K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2927	+0.017%	$580K	$494K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2929	+0.072%	$18.1M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2927	+0.002%	$107K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2928	+0.042%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2928	+0.034%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2931	+0.137%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.957%	$60K	$280	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2926	−0.034%	$719K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2926	−0.034%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2927	0.000%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2927	0.000%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2927	long leg	—	$20.7M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2928	+0.038%	$967K	$192K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2924	−0.102%	$709K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2929	+0.068%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2926	−0.034%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2930	+0.089%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2927	0.000%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2918	−0.307%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2927	−0.016%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2930	+0.099%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2927	−0.001%	$2.2M	$556K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2928	+0.037%	$578K	$464K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2905	−0.745%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2933	+0.219%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2927	0.000%	$817K	$376K	50x	as long as short
Phemex JUPUSDT	+0.0598%	4h	0.2931	+0.137%	$2.9M	$3.1M	50x	as long as short