Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.044%

Price spread now: Aster against Deribit−0.028%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Funding pays, the price is against you. Aster is 0.028% cheaper against Deribit than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.3027	0	get 0.0000% / 1h	13m 34s	$56K	$16K	10x
Short	Aster JUPUSDT	0.3026	0.0100	get 0.0050% / 4h	3h 13m	$117K	$328K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $21
Price spread: −0.028% → 0.000%: −$2.76
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $3.24
Costs to cover: 0.150%
Break-even: 5.9 days

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 58 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 58 min ago	1.68 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit

Deribit: 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	−0.4634%	1h	0.2973	−1.787%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3023	−0.143%	$288K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3028	+0.018%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3028	+0.045%	$610K	$526K	20x	as long as short
01 Exchange JUPUSD	−0.0056%	1h	0.3021	−0.188%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0023%	4h	0.3020	−0.235%	$4.1M	$15.8M	50x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.3027	long leg	$56K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3027	+0.008%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0048%	1h	0.3025	−0.085%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3019	−0.266%	—	—	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	+0.0079%	8h	0.3021	−0.186%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3026	−0.023%	$758K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3027	−0.003%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3019	−0.259%	$626K	$626K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3029	+0.057%	$19.5M	$11.7M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.3026	−0.028%	$117K	$328K	10x
Binance JUPUSDT	+0.0100%	4h	0.3023	−0.152%	$16.6M	$48.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3020	−0.221%	$16.6M	$20.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.862%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3023	−0.135%	$760K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3023	−0.135%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3023	−0.135%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3022	−0.168%	$5.9M	$6.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3023	−0.135%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3029	+0.059%	$1.0M	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3009	−0.597%	$728K	$771K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3017	−0.334%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3016	−0.367%	$160K	$308K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3025	−0.059%	$96K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3017	−0.334%	$114K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3031	+0.129%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3020	−0.248%	$2.2M	$489K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3025	−0.053%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3019	−0.264%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3027	0.000%	$75K	$61K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3012	−0.499%	$854K	$347K	50x	as long as short