Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: ApeX Omni against Phemex−0.169%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$760.758% of the position

Long on Phemex 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)−0.105%−$11 · spread now −0.169%, 7d avg −0.120%

Together, before fees−0.159%−$16 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 0.049% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.2959	0.0100	pay 0.0050% / 4h	1h 43m	$2.9M	$4.1M	50x
Short	ApeX Omni JUPUSDT	0.2954	0.0100	get 0.0013% / 1h	43m 07s	$157K	$319K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now −0.169%Rate

Funding earned: $0
Price spread: −0.169% → −0.120%: −$4.94
Slippage, 4 orders: −$53.78
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$80.72
Costs to cover: 0.758%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; ApeX Omni: live order book, 39 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 Phemex live order book, 6 min ago	1.69 bp	20.7 bp −$21	75.7 bp −$757	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 39 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	−0.3508%	1h	0.2918	−1.386%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0534% / S +0.0370%	1h	0.2957	−0.063%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	−0.143%	$282K	$173K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2957	−0.083%	$599K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0112%	1h	0.2960	+0.027%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0021%	1h	0.2956	−0.088%	$56K	$14K	10x	as long as short
Gate JUP_USDT	0.0000%	4h	0.2954	−0.169%	$734K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	−0.097%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0026%	4h	0.2955	−0.125%	$16.2M	$23.8M	50x	as long as short
dYdX JUP-USD	+0.0050%	1h	0.2955	−0.146%	$39K	$35K	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	0.2956	−0.118%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0065%	8h	0.2957	−0.055%	$9K	$15K	10x	as long as short
BloFin JUP-USDT	+0.0076%	4h	0.2954	−0.169%	$851K	$331K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	−0.024%	$794K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.177%	$612K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	+0.091%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	−0.068%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2957	−0.073%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2954	−0.169%	$4.1M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2952	−0.237%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	−0.034%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2957	−0.068%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	−0.068%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	−0.101%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2958	−0.030%	$979K	$263K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	−0.398%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	−0.170%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2954	−0.169%	$157K	$319K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	+0.078%	$93K	$137K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	−0.101%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	−0.304%	$111K	$69K	20x	as long as short
Phemex JUPUSDTlong	+0.0100%	4h	0.2959	long leg	$2.9M	$4.1M	50x
Extended JUP-USD	+0.0104%	1h	0.2955	−0.144%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	−0.152%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2956	−0.098%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.031%	$74K	$94K	50x	as long as short