Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: ApeX Omni against OKX+0.203%100s7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as 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−$630.631% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.203%, 7d avg +0.094%

Together, before fees+0.052%+$5 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: ApeX Omni is 0.109% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.094%. The two prices were read 100 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	OKX JUP-USDT-SWAP	0.2960	0.0100	pay 0.0050% / 4h	2h 35m	$4.1M	$16.7M	50x
Short	ApeX Omni JUPUSDT	0.2966	0.0100	get 0.0013% / 1h	35m 48s	$158K	$319K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.203%Rate

Funding earned: $0
Price spread: +0.203% → +0.094%: $10.88
Slippage, 4 orders: −$43.06
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$52.19
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 51 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 OKX live order book, 3 min ago	3.38 bp	14.8 bp −$15	58.9 bp −$589	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	6.70 bp	17.3 bp −$17	98.9 bp −$989	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	0.2930	−1.014%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0751% / S +0.0259%	1h	0.2961	+0.038%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0294%	4h	0.2960	−0.003%	$16.2M	$24.2M	50x	as long as short
Gate JUP_USDT	−0.0010%	4h	0.2962	+0.068%	$739K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2963	+0.095%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	+0.041%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2962	+0.076%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2962	+0.065%	$601K	$623K	20x	as long as short
dYdX JUP-USD	+0.0046%	1h	0.2965	+0.166%	$39K	$36K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.054%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0064%	1h	0.2963	+0.098%	$26K	$19K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0080%	1h	0.2961	+0.024%	$982K	$268K	10x	as long as short
Variational Omni JUP	+0.0089%	4h	0.2965	+0.169%	$725K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2960	+0.005%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2963	+0.105%	$884K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2962	+0.068%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2960	0.000%	$597K	$667K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.128%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	+0.024%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	+0.071%	$282K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	+0.034%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAPlong	+0.0100%	4h	0.2960	long leg	$4.1M	$16.7M	50x
MEXC JUP_USDT	+0.0100%	4h	0.2962	+0.068%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.101%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	+0.101%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2961	+0.034%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2970	+0.326%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2966	+0.203%	$158K	$319K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.125%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.203%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.236%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.186%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.051%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0148%	4h	0.2967	+0.236%	$862K	$329K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.936%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2959	−0.028%	$2.2M	$539K	25x	as long as short