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 0.000%

Price spread now: BingX against Variational Omni+0.096%7-day average −0.020% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.206%−$21 · spread now +0.096%, 7d avg −0.020%

Together, before fees−0.206%+ Points / potential airdropVariational Omni: Active · farm board−$21 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: BingX is 0.117% dearer against Variational Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2983	0.0100	pay 0.0050% / 4h	37m 31s	$722K	$1.0M	—
Short	BingX JUP-USDT	0.2986	0.0100	get 0.0050% / 4h	37m 31s	—	$20.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → −0.020%: $11.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $1.66
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; BingX: live order book, 16 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, 2 min ago	5.03 bp	doesn't fit	35.2 bp −$352	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	1.68 bp	6.7 bp −$7	9.0 bp −$90	19.3 bp −$1,925	51.5 bp −$25.8K

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	−0.4371%	1h	0.2950	−1.110%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0339% / S +0.0663%	1h	0.2986	+0.103%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2988	+0.161%	$602K	$614K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2986	+0.096%	$284K	$168K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2987	+0.116%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2990	+0.230%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0008%	4h	0.2984	+0.033%	$16.3M	$22.9M	50x	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2984	+0.029%	$748K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2986	+0.093%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2990	+0.234%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0080%	1h	0.2987	+0.117%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2986	+0.083%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2989	+0.190%	$800K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2987	+0.130%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2987	+0.138%	$616K	$663K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2989	+0.214%	$116K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2988	+0.153%	$16.4M	$53.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2986	+0.096%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	+0.063%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2988	+0.163%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2990	+0.230%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2987	+0.130%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2986	+0.096%	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2987	+0.130%	$988K	$244K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2983	long leg	$722K	$1.0M	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	+0.191%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2988	+0.163%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2993	+0.314%	$95K	$129K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2979	−0.138%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2993	+0.331%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2983	−0.001%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0158%	4h	0.2985	+0.063%	$848K	$330K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2990	+0.220%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0181%	1h	0.2993	+0.338%	$19.2M	$13.1M	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.579%	$75K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2986	+0.096%	$2.2M	$507K	25x	as long as short