Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: BingX against ApeX Omni+0.503%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$600.595% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 3 days (all we have)−0.566%−$57 · spread now +0.503%, 7d avg −0.067%

Together, before fees−0.551%−$55 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: BingX is 0.569% dearer against ApeX Omni than usual: you sell high and buy low, +$57 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2984	0.0100	pay 0.0013% / 1h	43m 13s	$159K	$312K	50x
Short	BingX JUP-USDT	0.2999	0.0100	get 0.0050% / 4h	3h 43m	—	$20.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.503%Rate

Funding earned: $0
Price spread: +0.503% → −0.067%: $56.92
Slippage, 4 orders: −$39.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$2.59
Costs to cover: 0.595%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; BingX: live order book, 5 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, 29 min ago	10.11 bp	19.2 bp −$19	98.7 bp −$987	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	5.02 bp	11.0 bp −$11	14.9 bp −$149	26.6 bp −$2,656	58.7 bp −$29.4K

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	−0.4634%	1h	0.2959	−0.838%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2990	+0.188%	$285K	$150K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3002	+0.597%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3002	+0.590%	$604K	$542K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3002	+0.607%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3001	+0.584%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0015%	4h	0.2998	+0.469%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.2995	+0.382%	$26K	$19K	5x	as long as short
dYdX JUP-USD	+0.0030%	1h	0.2990	+0.199%	$39K	$32K	5x	as long as short
BloFin JUP-USDT	+0.0052%	4h	0.3003	+0.637%	$851K	$318K	50x	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	0.3000	+0.521%	—	—	20x	as long as short
Variational Omni JUP	+0.0076%	4h	0.2985	+0.035%	$723K	$776K	—	as long as short
Paradex JUP-USD-PERP	+0.0081%	8h	0.2990	+0.187%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3003	+0.623%	$755K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3002	+0.603%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3000	+0.528%	$622K	$639K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3004	+0.660%	$19.3M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3001	+0.570%	$116K	$336K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3001	+0.570%	$16.5M	$50.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3000	+0.523%	$16.4M	$21.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2987	+0.106%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2998	+0.469%	$757K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3001	+0.570%	$8.2M	$7.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3001	+0.570%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3002	+0.603%	$5.9M	$7.2M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2999	+0.503%	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2986	+0.060%	$988K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	+0.168%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2984	long leg	$159K	$312K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.3003	+0.637%	$95K	$116K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2982	−0.067%	$112K	$57K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3004	+0.670%	$2.9M	$3.8M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3001	+0.570%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2999	+0.515%	$2.2M	$492K	25x	as long as short
Phoenix JUP	+0.0214%	1h	0.2989	+0.178%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3000	+0.543%	$75K	$89K	50x	as long as short