Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.157%

Price spread now: Aster against 01 Exchange−0.050%54s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.050% cheaper against 01 Exchange than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2953	0.0176	pay 0.0022% / 1h	41m 48s	$26K	$19K	5x
Short	Aster JUPUSDT	0.2952	0.0100	get 0.0050% / 4h	1h 41m	$114K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$15.96
Price spread: −0.050% → 0.000%: −$4.96
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35.92
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 20 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 20 min ago	1.70 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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	0.2904	−1.673%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2951	−0.081%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2946	−0.259%	$281K	$147K	10x	as long as short
Bybit JUPUSDT	0.0000%	4h	0.2944	−0.312%	$15.8M	$19.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2951	−0.074%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2950	−0.106%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0003%	1h	0.2953	−0.027%	$980K	$231K	10x	as long as short
OKX JUP-USDT-SWAP	+0.0026%	4h	0.2945	−0.284%	$4.0M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.115%	—	—	20x	as long as short
Variational Omni JUP	+0.0076%	4h	0.2933	−0.674%	$715K	$698K	—	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	0.2949	−0.139%	$780K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2951	−0.080%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	−0.090%	$597K	$511K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2950	−0.115%	$18.7M	$10.1M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2952	−0.050%	$114K	$298K	10x
Binance JUPUSDT	+0.0100%	4h	0.2946	−0.259%	$16.3M	$43.5M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.500%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2947	−0.217%	$736K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	−0.183%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	−0.115%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2947	−0.217%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2947	−0.217%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	−0.656%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2937	−0.555%	$156K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.017%	$93K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2950	−0.115%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.284%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	−0.115%	$2.9M	$3.4M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	−0.149%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0105%	1h	0.2949	−0.135%	$39K	$27K	5x	as long as short
01 Exchange JUPUSDlong	+0.0176%	1h	0.2953	long leg	$26K	$19K	5x
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2953	−0.030%	$589K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2954	+0.037%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2937	−0.562%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2948	−0.183%	$843K	$369K	50x	as long as short
Extended JUP-USD	+0.0352%	1h	0.2947	−0.226%	$2.2M	$491K	25x	as long as short