Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.013%

Price spread now: BloFin against Nado+0.017%7-day average +0.033% · 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−$46as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.127%+$13 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.017%, 7d avg +0.033%

Together, before fees+0.176%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2905	0.0100	pay 0.0012% / 1h	21m 15s	$571K	$492K	10x
Short	BloFin JUP-USDT	0.2906	0.0340	get 0.0170% / 4h	21m 15s	$815K	$369K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.017%Rate

Funding earned: $50.4
Price spread: +0.017% → +0.033%: −$1.53
Slippage, 4 orders: −$25.67
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.19
Costs to cover: 0.447%
Break-even: 6.4 days

Slippage from Nado: live order book, 17 min ago; BloFin: live order book, 60 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, 17 min ago	1.71 bp	10.1 bp −$10	39.5 bp −$395	doesn't fit	doesn't fit
Sell BloFin live order book, 60 min ago	1.70 bp	11.4 bp −$11	24.6 bp −$246	78.8 bp −$7,876	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	−0.3836%	1h	0.2875	−1.050%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2905	−0.005%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2906	+0.030%	$277K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2906	+0.024%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2906	+0.009%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0020%	1h	0.2909	+0.136%	$38K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2904	−0.051%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2908	+0.089%	$753K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2906	+0.031%	$9K	$11K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2905	long leg	$571K	$492K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2908	+0.083%	$17.9M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2906	+0.014%	$100K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2905	−0.007%	$15.9M	$38.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2904	−0.055%	$15.7M	$17.3M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2905	−0.017%	$4.0M	$10.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.113%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2906	+0.017%	$693K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2905	−0.017%	$6.9M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2907	+0.052%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2907	+0.052%	$5.7M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2905	−0.017%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2907	+0.038%	$961K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2904	−0.036%	$705K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2907	+0.051%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2907	+0.052%	$160K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2909	+0.114%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2906	+0.017%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2900	−0.189%	$109K	$42K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2904	−0.061%	$2.2M	$579K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2905	−0.017%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2908	+0.103%	$26K	$3K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2927	+0.726%	$74K	$49K	50x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2906	+0.017%	$815K	$369K	50x
Phoenix JUP	+0.0355%	1h	0.2909	+0.110%	$104K	$284K	10x	as long as short
Phemex JUPUSDT	+0.0361%	4h	0.2910	+0.155%	$2.9M	$3.0M	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0416%	1h	0.2908	+0.079%	$572K	$417K	20x	as long as short