Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: Variational Omni against Aevo−0.596%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Variational Omni

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 airdropVariational Omni: 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: Variational Omni is 0.596% cheaper against Aevo than usual: you would sell low and buy high, −$60 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	Aevo JUP-PERP	0.2966	0.0104	pay 0.0013% / 1h	56m 14s	$40K	—	3x
Short	Variational Omni JUP	0.2948	0.0100	get 0.0050% / 4h	56m 14s	$720K	$693K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AevobpFee Variational OmnibpOrdersPrice spread, now −0.596%Rate

Funding earned: −$0.84
Price spread: −0.596% → 0.000%: −$59.56
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$76.4
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 18 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 Aevo no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 18 min ago	6.74 bp	doesn't fit	33.7 bp −$337	doesn't fit	doesn't fit

Aevo: 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	0.2910	−1.874%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2963	−0.070%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2959	−0.214%	$282K	$147K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2960	−0.171%	$39K	$26K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2966	+0.001%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2964	−0.058%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	−0.085%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0095%	1h	0.2965	−0.013%	$593K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2968	+0.076%	$785K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2961	−0.148%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2963	−0.069%	$598K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2968	+0.076%	$18.8M	$9.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	−0.159%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2965	−0.019%	$16.3M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2962	−0.120%	$15.9M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2965	−0.019%	$4.0M	$12.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	−0.424%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2960	−0.187%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	−0.086%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	−0.086%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2964	−0.053%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.187%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2967	+0.035%	$984K	$249K	10x	as long as short
Variational Omni JUPshort	+0.0100%	4h	0.2948	−0.596%	$720K	$693K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.537%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	−0.424%	$157K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	−0.026%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2964	−0.053%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.390%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2966	+0.015%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERPlong	+0.0104%	1h	0.2966	long leg	$40K	—	3x
01 Exchange JUPUSD	+0.0168%	1h	0.2964	−0.039%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2962	−0.127%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.569%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2953	−0.424%	$846K	$384K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2964	−0.066%	$2.2M	$502K	25x	as long as short