Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against Binance−0.136%69s7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as 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−$600.597% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+1.005%+$101 · spread now −0.136%, 7d avg +0.047%

Together, before fees+1.046%+$105 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: ApeX Omni is 0.183% cheaper against Binance than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 69 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	Binance JUPUSDT	0.2952	0.0100	pay 0.0050% / 4h	2h 32m	$16.3M	$46.8M	75x
Short	ApeX Omni JUPUSDT	0.2948	0.0100	get 0.0013% / 1h	32m 22s	$157K	$302K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → +0.047%: −$18.3
Slippage, 4 orders: −$39.71
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$78
Costs to cover: 0.597%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; ApeX Omni: live order book, 35 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 Binance live order book, 10 min ago	1.70 bp	12.4 bp −$12	33.7 bp −$337	318.1 bp −$31.8K	doesn't fit
Sell ApeX Omni live order book, 35 min ago	9.98 bp	18.4 bp −$18	102.9 bp −$1,029	doesn't fit	doesn't fit

JUP on 35 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	−0.4347%	1h	0.2901	−1.728%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2952	0.000%	$281K	$149K	10x	as long as short
Bybit JUPUSDT	−0.0279%	4h	0.2950	−0.068%	$15.8M	$20.3M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2951	−0.035%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0073%	4h	0.2951	−0.034%	$4.0M	$14.5M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2952	+0.003%	$591K	$526K	20x	as long as short
Gate JUP_USDT	−0.0016%	4h	0.2949	−0.102%	$728K	$1.5M	75x	as long as short
Variational Omni JUP	−0.0015%	4h	0.2943	−0.320%	$718K	$766K	—	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2951	−0.033%	—	—	150x	as long as short
dYdX JUP-USD	+0.0019%	1h	0.2951	−0.050%	$39K	$29K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit JUP_USDC-PERPETUAL	+0.0055%	1h	0.2952	+0.010%	$54K	$16K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.032%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2954	+0.075%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0088%	8h	0.2952	+0.005%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2955	+0.091%	$781K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	0.000%	$31K	$43K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	+0.098%	$18.8M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2951	−0.023%	$114K	$323K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2952	long leg	$16.3M	$46.8M	75x
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.538%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	0.000%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2951	−0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2952	0.000%	$5.7M	$6.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2951	−0.034%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2947	−0.176%	$976K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.072%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2948	−0.136%	$157K	$302K	50x
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.017%	$600K	$604K	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.102%	$93K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2942	−0.339%	$111K	$55K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	−0.102%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2937	−0.525%	$97K	$402K	10x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2951	−0.042%	$2.2M	$486K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2953	+0.017%	$74K	$52K	50x	as long as short
Phemex JUPUSDT	+0.0323%	4h	0.2951	−0.034%	$2.9M	$3.6M	50x	as long as short