Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Variational Omni against MEXC−0.304%7-day average −0.002% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.340%+$34 · spread now −0.304%, 7d avg −0.002%

Together, before fees+0.338%+ Points / potential airdropVariational Omni: Active · farm board+$34 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 0.302% cheaper against MEXC than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2947	0.0100	pay 0.0050% / 4h	2h 55m	$7.5M	$6.9M	200x
Short	Variational Omni JUP	0.2938	0.0100	get 0.0050% / 4h	2h 55m	$713K	$768K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.304%Rate

Funding earned: $0
Price spread: −0.304% → −0.002%: −$30.2
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$30.2
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 7 min ago; Variational Omni: RFQ quote, 28 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 MEXC live order book, 7 min ago	1.68 bp	4.3 bp −$4	25.5 bp −$255	138.2 bp −$13.8K	267.4 bp −$133.7K
Sell Variational Omni RFQ quote, 28 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	−0.136%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0566%	1h	0.2943	−0.129%	$975K	$234K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0429%	1h	0.2945	−0.075%	$54K	$16K	10x	as long as short
Pacifica JUP	−0.0353%	1h	0.2946	−0.034%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2946	−0.046%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0168%	1h	0.2944	−0.088%	$26K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0080%	4h	0.2946	−0.034%	$4.0M	$15.0M	50x	as long as short
Bybit JUPUSDT	−0.0058%	4h	0.2944	−0.102%	$15.9M	$20.7M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2947	−0.009%	$592K	$523K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2949	+0.082%	$39K	$31K	5x	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 +0.0001% / S −0.0001%	1h	0.2946	−0.025%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2943	−0.134%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0081%	8h	0.2947	+0.004%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2949	+0.081%	$780K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	−0.034%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2943	−0.127%	$605K	$633K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2949	+0.078%	$18.9M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2946	−0.026%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2945	−0.068%	$16.2M	$47.7M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2971	+0.814%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2943	−0.136%	$728K	$1.5M	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2947	long leg	$7.5M	$6.9M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2948	+0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2947	0.000%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2945	−0.068%	—	$20.8M	—	as long as short
Variational Omni JUPshort	+0.0100%	4h	0.2938	−0.304%	$713K	$768K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2978	+1.063%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2977	+1.018%	$158K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2951	+0.126%	$93K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2941	−0.204%	$111K	$55K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2947	−0.015%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2940	−0.221%	$40K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.2982	+1.171%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2962	+0.502%	$74K	$59K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2960	+0.441%	$849K	$365K	50x	as long as short
Phemex JUPUSDT	+0.0652%	4h	0.2949	+0.068%	$2.9M	$3.6M	50x	as long as short