Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.002%

Price spread now: Variational Omni against ApeX Omni+0.070%7-day average −0.047% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.070%, 7d avg −0.047%

Together, before fees−0.061%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.117% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.047%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.1 days. At the pace of the last 3 days (−0.002% in total) that is about 7 months.

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 28s	$158K	$319K	50x
Short	Variational Omni JUP	0.2969	0.0057	get 0.0029% / 4h	11m 28s	$719K	$828K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.070%Rate

Funding earned: −$8.99
Price spread: +0.070% → −0.047%: $11.69
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 66 min ago; Variational Omni: RFQ quote, 18 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 18 min ago	8.40 bp	doesn't fit	35.3 bp −$353	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	−0.4371%	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 JUPUSDT	−0.0064%	4h	0.2966	−0.044%	$16.1M	$22.1M	50x	as long as short
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 JUPshort	+0.0057%	4h	0.2969	+0.070%	$719K	$828K	—
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