Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bitget against ApeX Omni−0.201%73s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as 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−$570.573% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.272%−$27 · spread now −0.201%, 7d avg −0.075%

Together, before fees−0.277%−$28 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: Bitget is 0.126% cheaper against ApeX Omni than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.075%. The two prices were read 73 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	0.2983	0.0100	pay 0.0013% / 1h	2m 11s	$159K	$319K	50x
Short	Bitget JUPUSDT	0.2977	0.0100	get 0.0050% / 4h	3h 02m	$5.7M	$8.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.201%Rate

Funding earned: $0
Price spread: −0.201% → −0.075%: −$12.64
Slippage, 4 orders: −$35.27
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.92
Costs to cover: 0.573%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; Bitget: live order book, 1 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, 25 min ago	6.70 bp	15.4 bp −$15	107.2 bp −$1,072	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.68 bp	14.3 bp −$14	20.5 bp −$205	doesn't fit	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	−0.4049%	1h	0.3006	+0.771%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0680% / S +0.0237%	1h	0.2980	−0.087%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0253%	4h	0.2977	−0.201%	$16.4M	$24.2M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2989	+0.191%	$95K	$396K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2980	−0.094%	$58K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2981	−0.074%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0054%	4h	0.2979	−0.134%	$744K	$2.0M	75x	as long as short
dYdX JUP-USD	+0.0055%	1h	0.2982	−0.046%	$39K	$38K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2977	−0.206%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0071%	4h	0.2977	−0.201%	$867K	$333K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0095%	8h	0.2978	−0.164%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2983	−0.007%	$919K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2980	−0.101%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2977	−0.210%	$599K	$675K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2979	−0.127%	$107K	$368K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2978	−0.154%	$284K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2978	−0.164%	$16.6M	$56.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2977	−0.201%	$4.1M	$16.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2976	−0.235%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2980	−0.101%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2981	−0.067%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2977	−0.201%	$5.7M	$8.6M	75x
BingX JUP-USDT	+0.0100%	4h	0.2979	−0.134%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2980	−0.111%	$988K	$274K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2984	+0.019%	$729K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2988	+0.156%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2983	long leg	$159K	$319K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	0.000%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.302%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.101%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2978	−0.177%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0106%	1h	0.2983	+0.003%	$19.1M	$14.1M	10x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2979	−0.121%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2988	+0.158%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0280%	1h	0.2976	−0.220%	$2.2M	$545K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0286%	1h	0.2982	−0.045%	$605K	$623K	20x	as long as short