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 −0.001%

Price spread now: Aster against Variational Omni+0.233%7-day average +0.018% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.435%−$43 · spread now +0.233%, 7d avg +0.018%

Together, before fees−0.436%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$44 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: Aster is 0.215% dearer against Variational Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2948	0.0100	pay 0.0050% / 4h	1h 24m	$713K	$1.1M	—
Short	Aster JUPUSDT	0.2955	0.0100	get 0.0050% / 4h	1h 24m	$106K	$365K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.233%Rate

Funding earned: $0
Price spread: +0.233% → +0.018%: $21.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $13.55
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aster: live order book, 57 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, 4 min ago	6.80 bp	doesn't fit	40.8 bp −$408	doesn't fit	doesn't fit
Sell Aster live order book, 57 min ago	3.35 bp	15.1 bp −$15	doesn't fit	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	0.2911	−1.259%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2953	+0.156%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2949	+0.041%	$281K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2954	+0.189%	$600K	$617K	20x	as long as short
01 Exchange JUPUSD	−0.0064%	1h	0.2953	+0.169%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0020%	4h	0.2950	+0.063%	$746K	$1.9M	75x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2953	+0.172%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2953	+0.165%	$17K	—	150x	as long as short
BloFin JUP-USDT	+0.0053%	4h	0.2954	+0.199%	$849K	$324K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2949	+0.042%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDT	+0.0064%	4h	0.2953	+0.165%	$16.1M	$23.4M	50x	as long as short
Paradex JUP-USD-PERP	+0.0068%	8h	0.2949	+0.013%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.331%	$793K	$1.3M	10x	as long as short
dYdX JUP-USD	+0.0098%	1h	0.2953	+0.151%	$39K	$35K	5x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2950	+0.080%	$612K	$672K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	+0.460%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2955	+0.233%	$106K	$365K	10x
Binance JUPUSDT	+0.0100%	4h	0.2955	+0.236%	$16.3M	$55.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	+0.165%	$4.1M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	+0.267%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	+0.199%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	+0.233%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	+0.199%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2954	+0.209%	$978K	$257K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2948	long leg	$713K	$1.1M	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.083%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2949	+0.029%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.240%	$93K	$133K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	+0.165%	$31K	$50K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2944	−0.140%	$110K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2956	+0.267%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2941	−0.227%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2955	+0.223%	$2.2M	$503K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	+0.114%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2955	+0.226%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2952	+0.131%	$73K	$92K	50x	as long as short