Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against Variational Omni+0.137%7-day average +0.056% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.137%, 7d avg +0.056%

Together, before fees−0.145%+ Points / potential airdropVariational Omni: Active · farm board−$15 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 0.081% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2940	0.0100	pay 0.0050% / 4h	2h 43m	$719K	$625K	—
Short	ApeX Omni JUPUSDT	0.2944	0.0100	get 0.0013% / 1h	43m 20s	$162K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.137%Rate

Funding earned: $0
Price spread: +0.137% → +0.056%: $8.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$1.9
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; ApeX Omni: live order book, 3 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 Variational Omni RFQ quote, 21 min ago	6.78 bp	doesn't fit	37.3 bp −$373	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	6.80 bp	17.5 bp −$17	102.4 bp −$1,024	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	−0.4499%	1h	0.2910	−1.020%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2937	−0.116%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2938	−0.058%	$280K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0022%	1h	0.2936	−0.129%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2938	−0.071%	—	—	150x	as long as short
dYdX JUP-USD	+0.0025%	1h	0.2939	−0.020%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2936	−0.134%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0094%	4h	0.2931	−0.306%	$15.8M	$17.7M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	−0.091%	$774K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2939	−0.049%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2938	−0.076%	$592K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2940	+0.007%	$18.5M	$8.8M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	−0.128%	$108K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2934	−0.204%	$16.1M	$39.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2935	−0.170%	$4.1M	$10.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	+0.494%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2936	−0.136%	$725K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2937	−0.102%	$7.3M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2938	−0.068%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2934	−0.204%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2937	−0.102%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2940	−0.013%	$973K	$188K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2940	long leg	$719K	$625K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2941	+0.035%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2944	+0.137%	$162K	$255K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2941	+0.021%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2937	−0.102%	$30K	$26K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2930	−0.340%	$110K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2938	−0.068%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2934	−0.187%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2940	+0.007%	$26K	$11K	5x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2932	−0.263%	$2.2M	$505K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0257%	1h	0.2936	−0.130%	$583K	$458K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	+0.368%	$99K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+0.946%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2935	−0.170%	$829K	$376K	50x	as long as short