Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Nado+0.101%7-day average 0.000% · 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−$22as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.611%−$61 · spread now +0.101%, 7d avg 0.000%

Together, before fees−0.611%+ Points / potential airdropNado: Active · farm board−$61 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: BingX is 0.101% dearer against Nado than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2957	0.0100	pay 0.0012% / 1h	54m 28s	$602K	$486K	10x
Short	BingX JUP-USDT	0.2960	0.0100	get 0.0050% / 4h	3h 54m	—	$20.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Nado. 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 NadobpFee BingXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → 0.000%: $10.11
Slippage, 4 orders: −$14.68
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.56
Costs to cover: 0.317%
Break-even: 2215374076094815.5 days

Slippage from Nado: live order book, 64 min ago; BingX: live order book, 9 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 Nado live order book, 64 min ago	1.87 bp	9.1 bp −$9	36.7 bp −$367	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.69 bp	7.1 bp −$7	11.2 bp −$112	22.4 bp −$2,240	77.1 bp −$38.5K

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	0.2921	−1.217%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0304%	1h	0.2963	+0.200%	$979K	$233K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	+0.141%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	+0.115%	$282K	$146K	10x	as long as short
Bybit JUPUSDT	−0.0094%	4h	0.2956	−0.041%	$15.9M	$17.9M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2959	+0.083%	$39K	$22K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	+0.149%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2961	+0.127%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2963	+0.206%	$26K	$17K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	+0.001%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2964	+0.230%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	+0.167%	$9K	$11K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2957	long leg	$602K	$486K	10x
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.112%	$18.6M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	+0.116%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	+0.096%	$16.3M	$40.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	0.000%	$4.0M	$11.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2960	+0.114%	$62K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	+0.135%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	+0.068%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.135%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	+0.101%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2960	+0.101%	—	$20.7M	—
Variational Omni JUP	+0.0100%	4h	0.2947	−0.339%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.195%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.304%	$156K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.172%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+0.135%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.135%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.203%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	+0.154%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2962	+0.177%	$594K	$468K	20x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2961	+0.124%	$2.2M	$494K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2970	+0.443%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2955	−0.057%	$97K	$283K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.135%	$838K	$376K	50x	as long as short