Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.013%

Price spread now: Nado against BloFin−0.076%7-day average −0.036% · 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−$51as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now −0.076%, 7d avg −0.036%

Together, before fees−0.176%+ Points / potential airdropNado: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Nado is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JUP-USDT	0.2963	0.0340	pay 0.0170% / 4h	3h 28m	$832K	$376K	50x
Short	Nado JUP-PERP	0.2961	0.0100	get 0.0012% / 1h	28m 04s	$598K	$488K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.076%Rate

Funding earned: −$50.4
Price spread: −0.076% → −0.036%: −$4.01
Slippage, 4 orders: −$27.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$101.31
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Nado: live order book, 25 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 BloFin live order book, 4 min ago	1.68 bp	7.7 bp −$8	13.9 bp −$139	126.3 bp −$12.6K	doesn't fit
Sell Nado live order book, 25 min ago	2.69 bp	9.6 bp −$10	38.4 bp −$384	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	−0.5000%	1h	0.2926	−1.249%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	−0.082%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	−0.102%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2962	−0.019%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2962	−0.044%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2962	−0.034%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2960	−0.111%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0060%	1h	0.2961	−0.061%	$978K	$185K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.044%	$782K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2960	−0.098%	$9K	$11K	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	0.2961	−0.076%	$598K	$488K	10x
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.047%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	−0.024%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	−0.067%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2959	−0.135%	$16.0M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	−0.034%	$4.1M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	−0.067%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2962	−0.034%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	−0.034%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2962	−0.034%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2961	−0.067%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	+0.067%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.145%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.101%	$164K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.067%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.067%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.371%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2965	+0.067%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.304%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.101%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2963	−0.002%	$592K	$467K	20x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2962	−0.047%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.125%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2962	−0.034%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2959	−0.122%	$2.2M	$499K	25x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2963	long leg	$832K	$376K	50x