Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against HTX+0.139%7-day average +0.207% · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.139%, 7d avg +0.207%

Together, before fees−0.073%+ Points / potential airdropVariational Omni: Active · farm board−$7 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 0.069% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.207%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2979	0.0100	pay 0.0050% / 4h	37m 22s	$112K	$67K	20x
Short	Variational Omni JUP	0.2983	0.0100	get 0.0050% / 4h	37m 22s	$722K	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.207%: −$6.87
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.87
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 39 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 HTX live order book, 39 min ago	11.86 bp	115.2 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	5.03 bp	doesn't fit	52.0 bp −$520	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	−0.4371%	1h	0.2950	−0.973%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0339% / S +0.0663%	1h	0.2986	+0.242%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2988	+0.300%	$602K	$614K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2986	+0.235%	$284K	$168K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2987	+0.255%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2990	+0.369%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0008%	4h	0.2984	+0.171%	$16.3M	$22.9M	50x	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2984	+0.168%	$748K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2986	+0.231%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2990	+0.373%	$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
dYdX JUP-USD	+0.0080%	1h	0.2987	+0.256%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2986	+0.222%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2989	+0.329%	$800K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2987	+0.269%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2987	+0.277%	$616K	$663K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2989	+0.352%	$116K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2988	+0.292%	$16.4M	$53.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2986	+0.235%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	+0.201%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2988	+0.302%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2990	+0.369%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2987	+0.269%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2986	+0.235%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2987	+0.269%	$988K	$244K	10x	as long as short
Variational Omni JUPshort	+0.0100%	4h	0.2983	+0.139%	$722K	$1.0M	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	+0.330%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2988	+0.302%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2993	+0.453%	$95K	$129K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2979	long leg	$112K	$67K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2993	+0.470%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2983	+0.137%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0158%	4h	0.2985	+0.201%	$848K	$330K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2990	+0.359%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0181%	1h	0.2993	+0.477%	$19.2M	$13.1M	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.718%	$75K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2986	+0.235%	$2.2M	$507K	25x	as long as short