Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.001%

Price spread now: Paradex against Bitget+0.048%52s7-day average — · you sell dearer than you buy

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

Long on Bitget 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.048% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Bitget JUPUSDT	0.2980	0.0100	pay 0.0050% / 4h	2h 24m	$5.7M	$8.5M	75x
Short	Paradex JUP-USD-PERP	0.2981	0.0092	get 0.0092% / 8h	2h 24m	$9K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$1.73
Price spread: +0.048% → 0.000%: $4.79
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.68 bp	14.4 bp −$14	25.0 bp −$250	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 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	−0.5000%	1h	0.2933	−1.577%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0837% / S +0.0286%	1h	0.2981	+0.043%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0184%	4h	0.2980	0.000%	$16.3M	$24.2M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2977	−0.111%	$95K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2982	+0.054%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2983	+0.090%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2983	+0.111%	$605K	$624K	20x	as long as short
dYdX JUP-USD	+0.0035%	1h	0.2985	+0.177%	$39K	$36K	5x	as long as short
Gate JUP_USDT	+0.0040%	4h	0.2982	+0.067%	$743K	$1.9M	75x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2983	+0.104%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2979	−0.036%	—	—	20x	as long as short
Paradex JUP-USD-PERPshort	+0.0092%	8h	0.2981	+0.048%	$9K	$15K	10x
Variational Omni JUP	+0.0094%	4h	0.2982	+0.080%	$728K	$1.2M	—	as long as short
Lighter JUP	+0.0096%	1h	0.2984	+0.141%	$881K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2983	+0.101%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2980	+0.017%	$601K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2985	+0.171%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2984	+0.124%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2983	+0.095%	$284K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2982	+0.067%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2981	+0.034%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2982	+0.067%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	+0.134%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.2980	long leg	$5.7M	$8.5M	75x
BingX JUP-USDT	+0.0100%	4h	0.2980	0.000%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	+0.067%	$988K	$268K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2980	−0.003%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2978	−0.067%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+0.191%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2978	−0.067%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2987	+0.235%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.627%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	−0.050%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0135%	4h	0.2986	+0.201%	$860K	$331K	50x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2980	+0.017%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.319%	$74K	$95K	50x	as long as short