Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h +0.001%

Price spread now: ApeX Omni against BloFin−0.305%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.307%−$31 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.305%, 7d avg +0.044%

Together, before fees−0.208%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.349% cheaper against BloFin than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JUP-USDT	0.2953	0.0340	pay 0.0170% / 4h	27m 46s	$835K	$385K	50x
Short	ApeX Omni JUPUSDT	0.2944	0.0100	get 0.0013% / 1h	27m 46s	$156K	$253K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.305%Rate

Funding earned: −$50.4
Price spread: −0.305% → +0.044%: −$34.87
Slippage, 4 orders: −$38.06
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$145.33
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; ApeX Omni: live order book, 29 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 BloFin live order book, 9 min ago	3.41 bp	13.7 bp −$14	26.1 bp −$261	116.8 bp −$11.7K	doesn't fit
Sell ApeX Omni live order book, 29 min ago	10.14 bp	17.9 bp −$18	103.5 bp −$1,035	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	−0.4661%	1h	0.2907	−1.558%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2947	−0.213%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2947	−0.193%	$281K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2947	−0.200%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	−0.210%	—	—	150x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2948	−0.153%	$39K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2948	−0.160%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2949	−0.125%	$591K	$487K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2949	−0.129%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2948	−0.167%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2948	−0.186%	$592K	$497K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2948	−0.186%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2947	−0.200%	$109K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2944	−0.288%	$16.2M	$41.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2942	−0.359%	$15.8M	$18.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2946	−0.237%	$4.0M	$11.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.576%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2946	−0.237%	$725K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	−0.237%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2946	−0.237%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	−0.237%	$5.8M	$5.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2945	−0.271%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2946	−0.237%	$976K	$238K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2941	−0.407%	$718K	$643K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2947	−0.203%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2944	−0.305%	$156K	$253K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2951	−0.081%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2947	−0.203%	$30K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2941	−0.406%	$110K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2953	0.000%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2946	−0.247%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2951	−0.081%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.041%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2959	+0.186%	$97K	$304K	10x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2953	long leg	$835K	$385K	50x
Extended JUP-USD	+0.0480%	1h	0.2944	−0.304%	$2.2M	$502K	25x	as long as short