Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.004%

Price spread now: Paradex against BloFin−0.042%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.042% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JUP-USDT	0.2980	0.0123	pay 0.0061% / 4h	20m 44s	$852K	$321K	50x
Short	Paradex JUP-USD-PERP	0.2979	0.0085	get 0.0085% / 8h	20m 44s	$9K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$7.82
Price spread: −0.042% → 0.000%: −$4.22
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$28.04
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 56 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 BloFin live order book, 56 min ago	8.45 bp	14.5 bp −$14	23.0 bp −$230	124.2 bp −$12.4K	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	−0.4371%	1h	0.2938	−1.409%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2980	0.000%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2980	−0.005%	$601K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2979	−0.022%	$284K	$167K	10x	as long as short
Bybit JUPUSDT	−0.0051%	4h	0.2976	−0.134%	$16.2M	$22.3M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2979	−0.047%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2981	+0.020%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2980	+0.016%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2976	−0.134%	$743K	$1.8M	75x	as long as short
dYdX JUP-USD	+0.0055%	1h	0.2980	+0.017%	$39K	$33K	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	0.2977	−0.105%	—	—	20x	as long as short
Variational Omni JUP	+0.0068%	4h	0.2976	−0.131%	$720K	$829K	—	as long as short
Paradex JUP-USD-PERPshort	+0.0085%	8h	0.2979	−0.042%	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.2982	+0.081%	$797K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2979	−0.034%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2976	−0.117%	$614K	$653K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2980	−0.016%	$116K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2978	−0.062%	$16.4M	$52.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2975	−0.168%	$4.1M	$16.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	+0.036%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2978	−0.067%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2979	−0.034%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2979	−0.034%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2976	−0.134%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2980	−0.010%	$986K	$238K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2971	−0.289%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2971	−0.302%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2984	+0.134%	$94K	$125K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2973	−0.235%	$112K	$63K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2982	+0.067%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2976	−0.127%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0119%	1h	0.2985	+0.158%	$19.2M	$13.0M	10x	as long as short
BloFin JUP-USDTlong	+0.0123%	4h	0.2980	long leg	$852K	$321K	50x
Phoenix JUP	+0.0162%	1h	0.2984	+0.134%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2977	−0.086%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.685%	$75K	$92K	50x	as long as short