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 −0.018%

Price spread now: GRVT against ApeX Omni0.000%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now 0.000%, 7d avg −0.024%

Together, before fees+0.142%+ Points / potential airdropGRVT: Active · farm board+$14 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: GRVT is 0.024% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2980	0.0100	pay 0.0013% / 1h	57m 58s	$158K	$320K	50x
Short	GRVT JUP_USDT_Perp	0.2980	0.0100	get 0.0050% / 4h	2h 57m	$1.6M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.024%: $2.39
Slippage, 4 orders: −$45.39
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$62
Costs to cover: 0.644%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; GRVT: live order book, 6 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	6.70 bp	15.4 bp −$15	107.2 bp −$1,072	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	1.68 bp	7.3 bp −$7	43.6 bp −$436	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	0.3011	+1.040%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0692% / S +0.0241%	1h	0.2972	−0.284%	$13K	—	100x	as long as short
Backpack JUP_USDC_PERP	−0.0433%	1h	0.2968	−0.399%	$984K	$274K	10x	as long as short
Bybit JUPUSDT	−0.0349%	4h	0.2966	−0.470%	$16.3M	$24.2M	50x	as long as short
01 Exchange JUPUSD	−0.0208%	1h	0.2970	−0.319%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0187%	1h	0.2970	−0.322%	$57K	$13K	10x	as long as short
Gate JUP_USDT	−0.0004%	4h	0.2966	−0.470%	$740K	$1.9M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2975	−0.168%	$39K	$38K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2983	+0.084%	$95K	$395K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	−0.262%	$17K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2971	−0.316%	$602K	$624K	20x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	−0.384%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0079%	4h	0.2974	−0.201%	$869K	$332K	50x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2972	−0.271%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	−0.295%	$914K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	−0.302%	$31K	$51K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2973	−0.246%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	−0.336%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2972	−0.252%	$283K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2969	−0.369%	$16.5M	$56.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2967	−0.436%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	−0.436%	$8.0M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2970	−0.336%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2965	−0.503%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	−0.436%	—	$21.5M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2979	−0.049%	$728K	$1.2M	—	as long as short
GRVT JUP_USDT_Perpshort	+0.0100%	4h	0.2980	0.000%	$1.6M	$4.3M	10x
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2980	long leg	$158K	$320K	50x
Nado JUP-PERP	+0.0100%	1h	0.2969	−0.369%	$598K	$675K	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2976	−0.131%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.503%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2974	−0.201%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2978	−0.070%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2968	−0.398%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2966	−0.473%	$2.2M	$543K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.258%	$74K	$95K	50x	as long as short