Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.017%

Price spread now: OKX against Paradex−0.085%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on OKX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.085% cheaper against Paradex than usual: you would sell low and buy high, −$9 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	Paradex JUP-USD-PERP	0.2974	0.0085	pay 0.0085% / 8h	22m 42s	$9K	$13K	10x
Short	OKX JUP-USDT-SWAP	0.2971	0.0093	get 0.0047% / 4h	22m 42s	$4.1M	$16.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $1.72
Price spread: −0.085% → 0.000%: −$8.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.82
Costs to cover: 0.140%
Break-even: 91.5 days

Slippage unknown: Paradex: no order-book sample; OKX: live order book, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell OKX live order book, 1 min ago	1.68 bp	16.2 bp −$16	64.4 bp −$644	doesn't fit	doesn't fit

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	−0.4371%	1h	0.2950	−0.792%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2971	−0.086%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2973	−0.023%	$599K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2971	−0.085%	$283K	$167K	10x	as long as short
Bybit JUPUSDT	−0.0054%	4h	0.2970	−0.119%	$16.2M	$22.3M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2972	−0.055%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2967	−0.213%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2970	−0.104%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0046%	4h	0.2968	−0.186%	$741K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2968	−0.192%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0057%	1h	0.2971	−0.100%	$39K	$33K	5x	as long as short
Variational Omni JUP	+0.0075%	4h	0.2975	+0.054%	$720K	$880K	—	as long as short
Paradex JUP-USD-PERPlong	+0.0085%	8h	0.2974	long leg	$9K	$13K	10x
OKX JUP-USDT-SWAPshort	+0.0093%	4h	0.2971	−0.085%	$4.1M	$16.2M	50x
Lighter JUP	+0.0096%	1h	0.2973	−0.018%	$794K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	−0.085%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2969	−0.161%	$613K	$654K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2972	−0.054%	$115K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2971	−0.085%	$16.3M	$52.8M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	+0.254%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2973	−0.018%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2971	−0.085%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2971	−0.085%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2968	−0.186%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2971	−0.072%	$983K	$238K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.278%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2975	+0.049%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2974	+0.012%	$94K	$126K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2962	−0.388%	$111K	$65K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.049%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2969	−0.166%	$40K	—	3x	as long as short
Hyperliquid JUP	+0.0120%	1h	0.2975	+0.039%	$19.1M	$13.0M	10x	as long as short
BloFin JUP-USDT	+0.0139%	4h	0.2969	−0.153%	$848K	$319K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2984	+0.338%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2968	−0.171%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.903%	$75K	$92K	50x	as long as short