Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Binance against ApeX Omni−0.536%59s7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.572% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 3 days (all we have)+0.297%+$30 · spread now −0.536%, 7d avg −0.048%

Together, before fees+0.262%+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.488% cheaper against ApeX Omni than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of −0.048%. The two prices were read 59 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	ApeX Omni JUPUSDT	0.2972	0.0100	pay 0.0013% / 1h	12m 35s	$158K	$319K	50x
Short	Binance JUPUSDT	0.2956	0.0100	get 0.0050% / 4h	2h 12m	$16.3M	$56.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.536%Rate

Funding earned: $0
Price spread: −0.536% → −0.048%: −$48.84
Slippage, 4 orders: −$37.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.04
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 10 min ago; Binance: live order book, 15 min ago.

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 ApeX Omni live order book, 10 min ago	6.72 bp	20.4 bp −$20	111.4 bp −$1,114	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.68 bp	10.7 bp −$11	30.1 bp −$301	142.9 bp −$14.3K	doesn't fit

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	0.2978	+0.202%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0884% / S +0.0331%	1h	0.2965	−0.247%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0357%	1h	0.2963	−0.296%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0144%	4h	0.2955	−0.572%	$16.2M	$24.1M	50x	as long as short
Gate JUP_USDT	−0.0014%	4h	0.2955	−0.572%	$735K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2977	+0.151%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2966	−0.187%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2961	−0.368%	$600K	$624K	20x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.2954	−0.589%	$26K	$19K	5x	as long as short
dYdX JUP-USD	+0.0025%	1h	0.2961	−0.378%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	−0.324%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2957	−0.510%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2959	−0.427%	$842K	$1.3M	10x	as long as short
BloFin JUP-USDT	+0.0098%	4h	0.2969	−0.101%	$858K	$333K	50x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2956	−0.538%	$596K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2963	−0.313%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	−0.341%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2958	−0.480%	$282K	$181K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2956	−0.536%	$16.3M	$56.3M	75x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2955	−0.572%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	−0.505%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	−0.404%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	−0.538%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	−0.505%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	−0.451%	$979K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	−0.021%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2979	+0.220%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2972	long leg	$158K	$319K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	−0.067%	$93K	$138K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2963	−0.303%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.269%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	−0.269%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.336%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.394%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2955	−0.563%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.589%	$74K	$95K	50x	as long as short