Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.070%

Price spread now: Variational Omni against Extended+0.633%7-day average +0.077% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.253%−$25 on $10k

Price spread, last 3 days (all we have)−0.446%−$45 · spread now +0.633%, 7d avg +0.077%

Together, before fees−0.699%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$70 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: Variational Omni is 0.556% dearer against Extended than usual: you sell high and buy low, +$56 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2953	0.0104	pay 0.0013% / 1h	56m 50s	$2.2M	$485K	25x
Short	Variational Omni JUP	0.2972	0.0100	get 0.0050% / 4h	2h 56m	$720K	$768K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.633%Rate

Funding earned: −$0.84
Price spread: +0.633% → +0.077%: $55.56
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $49.72
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 2 min ago; Variational Omni: RFQ quote, 27 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 Extended live order book, 2 min ago	6.71 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 27 min ago	8.30 bp	doesn't fit	31.5 bp −$315	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	−0.4347%	1h	0.2943	−0.348%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0479%	1h	0.2957	+0.126%	$980K	$234K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0425%	1h	0.2960	+0.221%	$54K	$16K	10x	as long as short
Pacifica JUP	−0.0353%	1h	0.2967	+0.469%	$283K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2963	+0.346%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0152%	1h	0.2962	+0.305%	$26K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0073%	4h	0.2952	−0.043%	$4.0M	$15.1M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2959	+0.199%	$595K	$523K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2969	+0.549%	$39K	$31K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2963	+0.323%	—	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDT	+0.0039%	4h	0.2950	−0.101%	$16.0M	$20.4M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	+0.279%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0080%	8h	0.2965	+0.399%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.143%	$783K	$1.3M	10x	as long as short
Gate JUP_USDT	+0.0096%	4h	0.2952	−0.043%	$732K	$1.4M	75x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2960	+0.227%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2963	+0.337%	$610K	$629K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	+0.156%	$19.0M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	+0.126%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2954	+0.024%	$16.3M	$47.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2971	+0.600%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2954	+0.024%	$7.7M	$6.8M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2955	+0.058%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	+0.126%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	+0.024%	—	$20.8M	—	as long as short
Variational Omni JUPshort	+0.0100%	4h	0.2972	+0.633%	$720K	$768K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2978	+0.848%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2977	+0.803%	$158K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	+0.559%	$93K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	+0.363%	$112K	$55K	20x	as long as short
Extended JUP-USDlong	+0.0104%	1h	0.2953	long leg	$2.2M	$485K	25x
Aevo JUP-PERP	+0.0104%	1h	0.2954	+0.007%	$40K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.2982	+0.955%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2962	+0.288%	$74K	$59K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2960	+0.227%	$849K	$365K	50x	as long as short
Phemex JUPUSDT	+0.0470%	4h	0.2959	+0.194%	$2.9M	$3.6M	50x	as long as short