JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0215%/8h= +23.5% APRnext payment +$1.07 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit+0.013%7-day average +0.034% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.284%+$28 · spread now +0.013%, 7d avg +0.034%

Together, before fees+0.284%+ Points / potential airdropVariational Omni: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.020% cheaper against Bybit than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.034%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$6 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2952	−0.0139	get 0.0070% / 4h	1h 57m	$16.2M	$23.9M	50x
Short	Variational Omni JUP	0.2952	0.0076	get 0.0038% / 4h	1h 57m	$722K	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.013%Rate

Funding earned: $45.13
Price spread: +0.013% → +0.034%: −$2.03
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $32.1
Costs to cover: 0.110%
Break-even: 2.0 days

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 Bybit live order book, 1 min ago	1.70 bp	17.4 bp −$17	42.3 bp −$423	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.78 bp	doesn't fit	37.3 bp −$373	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	−0.3508%	1h	0.2922	−1.016%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0962% / S +0.0355%	1h	0.2954	+0.068%	$13K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2951	−0.030%	$281K	$177K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0325%	1h	0.2953	+0.044%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	−0.0312%	1h	0.2951	−0.047%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2953	+0.020%	$599K	$623K	20x	as long as short
Bybit JUPUSDTlong	−0.0139%	4h	0.2952	long leg	$16.2M	$23.9M	50x
Gate JUP_USDT	−0.0054%	4h	0.2950	−0.068%	$734K	$1.9M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2954	+0.061%	$39K	$35K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2956	+0.139%	$95K	$441K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2954	+0.055%	$17K	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0017%	1h	0.2954	+0.081%	$978K	$263K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	+0.002%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0068%	8h	0.2950	−0.052%	$9K	$15K	10x	as long as short
Variational Omni JUPshort	+0.0076%	4h	0.2952	+0.013%	$722K	$1.1M	—
Lighter JUP	+0.0096%	1h	0.2954	+0.075%	$816K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.093%	$610K	$677K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2957	+0.176%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2954	+0.074%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	+0.102%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2954	+0.068%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	0.000%	$8.0M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	+0.034%	$4.4M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	+0.068%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	0.000%	—	$20.9M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2956	+0.150%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.136%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.105%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	+0.034%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.237%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.169%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	+0.068%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2951	−0.040%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.034%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0104%	4h	0.2953	+0.034%	$855K	$331K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.270%	$74K	$94K	50x	as long as short