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: Bitget against Variational Omni+0.132%7-day average −0.027% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

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)−0.347%−$35 · spread now +0.132%, 7d avg −0.027%

Together, before fees−0.347%+ Points / potential airdropVariational Omni: Active · farm board−$35 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: Bitget is 0.159% dearer against Variational Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2956	0.0100	pay 0.0050% / 4h	1h 03m	$714K	$1.0M	—
Short	Bitget JUPUSDT	0.2960	0.0100	get 0.0050% / 4h	1h 03m	$5.7M	$8.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → −0.027%: $15.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $3.87
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bitget: live order book, just now. 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, 1 min ago	6.75 bp	doesn't fit	37.1 bp −$371	doesn't fit	doesn't fit
Sell Bitget live order book, just now	3.38 bp	15.7 bp −$16	32.0 bp −$320	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	0.2923	−1.120%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2960	+0.126%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2964	+0.261%	$282K	$169K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2963	+0.233%	$601K	$618K	20x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2963	+0.230%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.132%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2961	+0.170%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0016%	4h	0.2960	+0.132%	$746K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	+0.025%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0065%	4h	0.2959	+0.095%	$16.2M	$23.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0077%	8h	0.2963	+0.227%	$9K	$13K	10x	as long as short
Backpack JUP_USDC_PERP	+0.0086%	1h	0.2967	+0.365%	$982K	$254K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.342%	$795K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	+0.047%	$612K	$669K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.288%	$19.1M	$13.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.207%	$107K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	+0.120%	$16.3M	$54.1M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	+0.030%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	−0.105%	$57K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2960	+0.132%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.233%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2960	+0.132%	$5.7M	$8.1M	75x
BingX JUP-USDT	+0.0100%	4h	0.2961	+0.166%	—	$20.9M	—	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2956	long leg	$714K	$1.0M	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	+0.190%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	+0.064%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.281%	$93K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+0.166%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	+0.064%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.403%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	+0.132%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0113%	4h	0.2960	+0.132%	$846K	$327K	50x	as long as short
dYdX JUP-USD	+0.0121%	1h	0.2965	+0.287%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2962	+0.183%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2960	+0.121%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2964	+0.267%	$74K	$94K	50x	as long as short