Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.037%

Price spread now: Aster against Coinbase International−0.157%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.157% cheaper against Coinbase International than usual: you would sell low and buy high (−$16 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	Coinbase International JUP-PERP-INTX	0.2944	0.0208	pay 0.0026% / 1h	50m 57s	$74K	$49K	50x
Short	Aster JUPUSDT	0.2939	0.0100	get 0.0050% / 4h	50m 57s	$113K	$288K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$22.68
Price spread: −0.157% → 0.000%: −$15.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 6 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	1.69 bp	18.5 bp −$19	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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	−0.4661%	1h	0.2910	−1.158%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2939	−0.184%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2937	−0.234%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2938	−0.224%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2939	−0.182%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2940	−0.156%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2937	−0.249%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2937	−0.258%	$26K	$19K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2940	−0.129%	$778K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2939	−0.190%	$588K	$489K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0098%	8h	0.2936	−0.274%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2937	−0.233%	$593K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2941	−0.108%	$18.7M	$9.5M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2939	−0.157%	$113K	$288K	10x
Binance JUPUSDT	+0.0100%	4h	0.2940	−0.148%	$16.2M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2939	−0.173%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2942	−0.071%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.438%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2935	−0.309%	$729K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2939	−0.173%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2940	−0.139%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2940	−0.139%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2940	−0.139%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2938	−0.200%	$974K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	−0.377%	$717K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.167%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+0.200%	$157K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2941	−0.119%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2938	−0.207%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2931	−0.445%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2944	−0.003%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2935	−0.300%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0208%	1h	0.2944	long leg	$74K	$49K	50x
Phoenix JUP	+0.0271%	1h	0.2965	+0.706%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	−0.275%	$841K	$381K	50x	as long as short
Extended JUP-USD	+0.0384%	1h	0.2942	−0.081%	$2.2M	$502K	25x	as long as short