Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget+0.516%73s7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as 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−$600.601% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.394%−$39 · spread now +0.516%, 7d avg +0.067%

Together, before fees−0.361%−$36 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 0.449% dearer against Bitget than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of +0.067%. The two prices were read 73 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	Bitget JUPUSDT	0.2908	0.0100	pay 0.0050% / 4h	2h 32m	$5.7M	$5.2M	75x
Short	ApeX Omni JUPUSDT	0.2923	0.0100	get 0.0013% / 1h	32m 16s	$161K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.516%Rate

Funding earned: $0
Price spread: +0.516% → +0.067%: $44.88
Slippage, 4 orders: −$38.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$15.18
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 14 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 Bitget live order book, 1 min ago	3.43 bp	12.2 bp −$12	25.2 bp −$252	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 14 min ago	6.80 bp	17.5 bp −$17	102.4 bp −$1,024	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	−0.4499%	1h	0.2910	+0.069%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2909	+0.022%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2911	+0.095%	$277K	$145K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2908	+0.003%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2910	+0.061%	—	—	150x	as long as short
dYdX JUP-USD	+0.0015%	1h	0.2910	+0.054%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2909	+0.019%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2910	+0.065%	$767K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2911	+0.092%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2912	+0.129%	$577K	$492K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2912	+0.134%	$18.3M	$8.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2908	0.000%	$107K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2907	−0.034%	$15.9M	$39.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2904	−0.148%	$15.7M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2906	−0.069%	$4.0M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.050%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2909	+0.034%	$714K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2907	−0.034%	$6.9M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2907	−0.034%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.2908	long leg	$5.7M	$5.2M	75x
BingX JUP-USDT	+0.0100%	4h	0.2909	+0.034%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2909	+0.052%	$962K	$189K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2917	+0.311%	$712K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2919	+0.388%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2923	+0.516%	$161K	$255K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2913	+0.186%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2910	+0.069%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2901	−0.241%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2905	−0.102%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2912	+0.144%	$26K	$10K	5x	as long as short
Phemex JUPUSDT	+0.0157%	4h	0.2910	+0.069%	$2.8M	$3.0M	50x	as long as short
Extended JUP-USD	+0.0176%	1h	0.2905	−0.104%	$2.2M	$524K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0260%	1h	0.2909	+0.019%	$577K	$460K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2921	+0.444%	$99K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+2.056%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2907	−0.034%	$826K	$375K	50x	as long as short