Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.022%

Price spread now: ApeX Omni against Gate+0.371%111s7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as 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−$870.874% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.371%, 7d avg +0.086%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.285% dearer against Gate than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.086%. The two prices were read 111 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	Gate JUP_USDT	0.2967	0	get 0.0000% / 4h	2h 13m	$738K	$2.0M	75x
Short	ApeX Omni JUPUSDT	0.2978	0.0100	get 0.0013% / 1h	13m 43s	$158K	$319K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.371%Rate

Funding earned: $21
Price spread: +0.371% → +0.086%: $28.49
Slippage, 4 orders: −$62.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.94
Costs to cover: 0.874%
Break-even: 19.6 days

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 9 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 Gate live order book, 4 min ago	3.36 bp	25.5 bp −$26	102.2 bp −$1,022	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 min ago	6.72 bp	14.9 bp −$15	116.4 bp −$1,164	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	−0.5000%	1h	0.2978	+0.371%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0880% / S +0.0330%	1h	0.2973	+0.209%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0136%	4h	0.2967	−0.017%	$16.2M	$24.0M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0086%	1h	0.2974	+0.236%	$56K	$14K	10x	as long as short
Gate JUP_USDTlong	0.0000%	4h	0.2967	long leg	$738K	$2.0M	75x
Phoenix JUP	0.0000%	1h	0.2979	+0.408%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2974	+0.224%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2974	+0.222%	$603K	$624K	20x	as long as short
dYdX JUP-USD	+0.0026%	1h	0.2972	+0.163%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2970	+0.098%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2970	+0.104%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0092%	8h	0.2968	+0.035%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2972	+0.169%	$859K	$1.3M	10x	as long as short
BloFin JUP-USDT	+0.0100%	4h	0.2975	+0.270%	$859K	$334K	50x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2973	+0.202%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2970	+0.110%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2978	+0.360%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2975	+0.277%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2971	+0.123%	$283K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2971	+0.135%	$16.4M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2968	+0.034%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2970	+0.101%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2973	+0.202%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2968	+0.034%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	0.000%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2973	+0.216%	$984K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	+0.147%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2979	+0.389%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2978	+0.371%	$158K	$319K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2979	+0.398%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.101%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.337%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.506%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2972	+0.152%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2968	+0.029%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.758%	$74K	$95K	50x	as long as short