Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h +0.002%

Price spread now: Bybit against ApeX Omni−0.044%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.044%, 7d avg −0.080%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.036% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.080%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.016% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2967	0.0100	pay 0.0013% / 1h	11m 31s	$158K	$319K	50x
Short	Bybit JUPUSDT	0.2966	−0.0064	pay 0.0032% / 4h	11m 31s	$16.1M	$22.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$34.52
Price spread: −0.044% → −0.080%: $3.6
Slippage, 4 orders: −$41.57
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$93.49
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; Bybit: live order book, 2 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, 66 min ago	6.77 bp	17.0 bp −$17	113.0 bp −$1,130	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.37 bp	16.4 bp −$16	42.6 bp −$426	207.3 bp −$20.7K	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	−0.4371%	1h	0.2938	−0.977%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2972	+0.165%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2970	+0.112%	$599K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2968	+0.044%	$283K	$165K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0120%	1h	0.2972	+0.158%	$56K	$14K	10x	as long as short
Bybit JUPUSDTshort	−0.0064%	4h	0.2966	−0.044%	$16.1M	$22.1M	50x
01 Exchange JUPUSD	−0.0024%	1h	0.2966	−0.040%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	+0.167%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0042%	4h	0.2966	−0.034%	$739K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2965	−0.073%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0057%	1h	0.2972	+0.153%	$39K	$33K	5x	as long as short
Variational Omni JUP	+0.0057%	4h	0.2969	+0.070%	$719K	$828K	—	as long as short
OKX JUP-USDT-SWAP	+0.0066%	4h	0.2965	−0.067%	$4.0M	$16.1M	50x	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2967	−0.007%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.121%	$794K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	+0.135%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.017%	$614K	$649K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.168%	$19.1M	$13.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	+0.101%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	+0.006%	$16.3M	$52.0M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2975	+0.273%	$62K	$10K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	+0.067%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2970	+0.101%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2968	+0.034%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	0.000%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2970	+0.091%	$983K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2970	+0.101%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2967	long leg	$158K	$319K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2975	+0.256%	$94K	$120K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.101%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2973	+0.202%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2969	+0.051%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0143%	4h	0.2969	+0.067%	$846K	$304K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2971	+0.145%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0176%	1h	0.2965	−0.053%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.371%	$74K	$91K	50x	as long as short