Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against Bybit+0.303%7-day average +0.051% · 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−$41as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.280%−$28 · spread now +0.303%, 7d avg +0.051%

Together, before fees−0.269%+ Points / potential airdropAster: Stage 5 · farm board−$27 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: Aster is 0.252% dearer against Bybit than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2934	0.0100	pay 0.0050% / 4h	51m 50s	$15.7M	$18.9M	50x
Short	Aster JUPUSDT	0.2943	0.0100	get 0.0050% / 4h	51m 50s	$114K	$288K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.303%Rate

Funding earned: $0
Price spread: +0.303% → +0.051%: $25.2
Slippage, 4 orders: −$46.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.71
Costs to cover: 0.659%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Aster: live order book, 5 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 Bybit live order book, 2 min ago	3.40 bp	16.3 bp −$16	45.0 bp −$450	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.69 bp	18.5 bp −$19	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	−0.4661%	1h	0.2910	−0.821%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2940	+0.213%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2941	+0.241%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0124%	1h	0.2940	+0.191%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2941	+0.243%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2942	+0.286%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2939	+0.168%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2941	+0.249%	$778K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2940	+0.199%	$588K	$489K	20x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2939	+0.162%	$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-PERP	+0.0100%	1h	0.2938	+0.150%	$593K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2940	+0.215%	$18.7M	$9.5M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2943	+0.303%	$114K	$288K	10x
Binance JUPUSDT	+0.0100%	4h	0.2936	+0.078%	$16.2M	$42.4M	75x	as long as short
Bybit JUPUSDTlong	+0.0100%	4h	0.2934	long leg	$15.7M	$18.9M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2937	+0.099%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.780%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2937	+0.099%	$729K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2939	+0.167%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2940	+0.201%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2940	+0.201%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2939	+0.167%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2939	+0.184%	$975K	$245K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	+0.883%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.728%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	+0.371%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2942	+0.256%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2940	+0.201%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2934	−0.003%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2944	+0.337%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2938	+0.147%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2939	+0.153%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2944	+0.341%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+1.050%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2945	+0.371%	$844K	$382K	50x	as long as short
Extended JUP-USD	+0.0400%	1h	0.2937	+0.106%	$2.2M	$502K	25x	as long as short