Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.003%

Price spread now: BloFin against ApeX Omni−0.135%103s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$620.616% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.329%+$33 on $10k

Price spread, last 3 days (all we have)+0.340%+$34 · spread now −0.135%, 7d avg −0.037%

Together, before fees+0.669%+$67 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.098% cheaper against ApeX Omni than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.329%, so the current rate has only just turned against you. The two prices were read 103 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	0.2963	0.0100	pay 0.0013% / 1h	45m 16s	$157K	$319K	50x
Short	BloFin JUP-USDT	0.2959	0.0068	get 0.0034% / 4h	2h 45m	$866K	$330K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$6.72
Price spread: −0.135% → −0.037%: −$9.76
Slippage, 4 orders: −$39.64
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$78.11
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 42 min ago; BloFin: live order book, 41 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, 42 min ago	6.70 bp	15.4 bp −$15	107.2 bp −$1,072	doesn't fit	doesn't fit
Sell BloFin live order book, 41 min ago	1.67 bp	12.3 bp −$12	24.0 bp −$240	72.8 bp −$7,285	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	0.2934	−0.979%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0735% / S +0.0254%	1h	0.2961	−0.077%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0400%	4h	0.2958	−0.182%	$16.2M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0059%	1h	0.2962	−0.030%	$982K	$270K	10x	as long as short
Gate JUP_USDT	−0.0038%	4h	0.2958	−0.169%	$737K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2964	+0.027%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	−0.078%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2962	−0.042%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2960	−0.106%	$601K	$624K	20x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2961	−0.067%	$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
01 Exchange JUPUSD	+0.0032%	1h	0.2962	−0.040%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.166%	—	—	20x	as long as short
BloFin JUP-USDTshort	+0.0068%	4h	0.2959	−0.135%	$866K	$330K	50x
Paradex JUP-USD-PERP	+0.0089%	8h	0.2959	−0.121%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.017%	$896K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0098%	4h	0.2958	−0.168%	$724K	$1.2M	—	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2961	−0.067%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2958	−0.177%	$596K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2963	+0.003%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	−0.006%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2960	−0.100%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	−0.101%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.169%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.057%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2960	−0.101%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	0.000%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	−0.202%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.101%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	−0.034%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2963	long leg	$157K	$319K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.047%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.304%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.135%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.219%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2957	−0.195%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.834%	$74K	$95K	50x	as long as short