Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.040%

Price spread now: Coinbase International against Paradex+0.297%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.297% dearer against Paradex than usual: you sell high and buy low: +$30 more if the spread 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	Paradex JUP-USD-PERP	0.2960	0.0100	pay 0.0100% / 8h	3h 28m	$9K	$11K	10x
Short	Coinbase International JUP-PERP-INTX	0.2969	0.0240	get 0.0030% / 1h	28m 26s	$75K	$50K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. 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 ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.297%Rate

Funding earned: $29.43
Price spread: +0.297% → 0.000%: $29.75
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $45.18
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Coinbase International: 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 Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Paradex and 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	−0.5000%	1h	0.2926	−1.152%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2963	+0.090%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	−0.004%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2962	+0.079%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2963	+0.085%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2964	+0.137%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2960	−0.013%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0069%	1h	0.2962	+0.061%	$979K	$187K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	+0.075%	$781K	$1.0M	10x	as long as short
Paradex JUP-USD-PERPlong	+0.0100%	8h	0.2960	long leg	$9K	$11K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2961	+0.022%	$598K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.118%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	+0.137%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	+0.031%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2961	+0.031%	$16.0M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2961	+0.031%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2962	+0.064%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2961	+0.031%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.098%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2962	+0.064%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	+0.064%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	+0.165%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.243%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.200%	$164K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.166%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2963	+0.098%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2962	+0.064%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.267%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.206%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	+0.008%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2964	+0.147%	$593K	$467K	20x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2962	+0.051%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.223%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTXshort	+0.0240%	1h	0.2969	+0.297%	$75K	$50K	50x
Extended JUP-USD	+0.0256%	1h	0.2961	+0.018%	$2.2M	$499K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2963	+0.098%	$832K	$376K	50x	as long as short