Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.003%

Price spread now: Paradex against Nado+0.142%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.142% dearer against Nado than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2936	0.0100	pay 0.0012% / 1h	20m 11s	$592K	$492K	10x
Short	Paradex JUP-USD-PERP	0.2940	0.0099	get 0.0099% / 8h	4h 20m	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$0.18
Price spread: +0.142% → 0.000%: $14.19
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $3.01
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Nado: live order book, 38 min ago; Paradex: no order-book sample. 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 Nado live order book, 38 min ago	1.87 bp	9.1 bp −$9	36.7 bp −$367	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	0.2907	−0.996%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2939	+0.077%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2940	+0.137%	$280K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2938	+0.073%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2939	+0.101%	—	—	150x	as long as short
dYdX JUP-USD	+0.0011%	1h	0.2945	+0.314%	$38K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2936	+0.008%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2941	+0.169%	$777K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2940	+0.139%	$589K	$470K	20x	as long as short
Paradex JUP-USD-PERPshort	+0.0099%	8h	0.2940	+0.142%	$9K	$11K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERPlong	+0.0100%	1h	0.2936	long leg	$592K	$492K	10x
Hyperliquid JUP	+0.0100%	1h	0.2940	+0.139%	$18.5M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2940	+0.138%	$110K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2937	+0.026%	$16.2M	$41.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2935	−0.053%	$15.8M	$18.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2937	+0.026%	$4.0M	$11.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2944	+0.264%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2940	+0.128%	$725K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2937	+0.026%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2939	+0.094%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2938	+0.060%	$5.7M	$5.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2937	+0.026%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2943	+0.240%	$972K	$237K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2939	+0.092%	$718K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2945	+0.298%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+0.468%	$157K	$253K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2941	+0.152%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2938	+0.060%	$30K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2934	−0.077%	$110K	$46K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2945	+0.298%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2936	−0.009%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2942	+0.182%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.611%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2948	+0.383%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2940	+0.128%	$834K	$383K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2936	−0.001%	$2.2M	$502K	25x	as long as short