Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.023%

Price spread now: Gate against ApeX Omni−0.102%81s7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as 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−$870.868% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now −0.102%, 7d avg −0.086%

Together, before fees−0.473%−$47 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2936	0.0100	pay 0.0013% / 1h	45m 59s	$156K	$275K	50x
Short	Gate JUP_USDT	0.2933	0.0100	get 0.0050% / 4h	1h 45m	$728K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.086%: −$1.66
Slippage, 4 orders: −$61.82
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$88.49
Costs to cover: 0.868%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 16 min ago; Gate: 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, 16 min ago	11.88 bp	20.6 bp −$21	112.7 bp −$1,127	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.41 bp	21.5 bp −$22	80.8 bp −$808	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	−0.5000%	1h	0.2904	−1.090%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2936	+0.005%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2932	−0.130%	$279K	$147K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0106%	1h	0.2935	−0.048%	$974K	$231K	10x	as long as short
Bybit JUPUSDT	−0.0018%	4h	0.2932	−0.140%	$15.7M	$19.3M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2937	+0.041%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2936	−0.005%	—	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0012%	4h	0.2932	−0.136%	$4.0M	$12.5M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2935	−0.025%	—	—	20x	as long as short
dYdX JUP-USD	+0.0065%	1h	0.2934	−0.053%	$38K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0076%	4h	0.2933	−0.086%	$715K	$698K	—	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2932	−0.122%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2938	+0.058%	$777K	$1.1M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2935	−0.026%	$593K	$509K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2938	+0.051%	$18.6M	$10.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2937	+0.024%	$113K	$299K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2935	−0.024%	$16.2M	$43.5M	75x	as long as short
Gate JUP_USDTshort	+0.0100%	4h	0.2933	−0.102%	$728K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2936	0.000%	$7.4M	$6.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2935	−0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2934	−0.068%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2934	−0.068%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.511%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2936	long leg	$156K	$275K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2939	+0.106%	$93K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2937	+0.034%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2929	−0.238%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2938	+0.068%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2945	+0.297%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2936	+0.001%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2936	−0.003%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0202%	1h	0.2936	−0.010%	$586K	$497K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2934	−0.065%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2943	+0.235%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2931	−0.170%	—	$355K	50x	as long as short
Extended JUP-USD	+0.0368%	1h	0.2935	−0.032%	$2.2M	$490K	25x	as long as short