Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.921%

Price spread now: dYdX against Variational Omni+0.305%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.305% dearer against Variational Omni than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2943	−0.0015	get 0.0008% / 4h	2h 32m	$718K	$766K	—
Short	dYdX JUP-USD	0.2952	0.0020	get 0.0002% / 1h	32m 53s	$39K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.305%Rate

Funding earned: $7.32
Price spread: +0.305% → 0.000%: $30.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $27.86
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 51 min ago; dYdX: no order-book sample. 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, 51 min ago	8.30 bp	doesn't fit	34.8 bp −$348	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

JUP on 35 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	−0.4347%	1h	0.2901	−1.412%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2948	+0.178%	$281K	$149K	10x	as long as short
Bybit JUPUSDT	−0.0309%	4h	0.2947	+0.138%	$15.8M	$20.4M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2946	+0.134%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0077%	4h	0.2951	+0.287%	$4.0M	$14.6M	50x	as long as short
Gate JUP_USDT	−0.0028%	4h	0.2948	+0.185%	$727K	$1.5M	75x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2948	+0.169%	$590K	$526K	20x	as long as short
Variational Omni JUPlong	−0.0015%	4h	0.2943	long leg	$718K	$766K	—
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2947	+0.155%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	+0.159%	—	—	150x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USDshort	+0.0020%	1h	0.2952	+0.305%	$39K	$29K	5x
01 Exchange JUPUSD	+0.0056%	1h	0.2948	+0.192%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2946	+0.102%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0088%	8h	0.2948	+0.177%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2950	+0.240%	$780K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	+0.185%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2946	+0.117%	$599K	$605K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2949	+0.236%	$18.8M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2948	+0.181%	$114K	$323K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2949	+0.219%	$16.3M	$46.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.218%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	+0.219%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2948	+0.185%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2948	+0.185%	$5.7M	$6.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2949	+0.219%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2947	+0.145%	$976K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	+0.250%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	+0.185%	$157K	$302K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.247%	$93K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2942	−0.018%	$111K	$55K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	+0.066%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2937	−0.205%	$97K	$402K	10x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2949	+0.210%	$2.2M	$486K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2949	+0.233%	$74K	$53K	50x	as long as short
Phemex JUPUSDT	+0.0323%	4h	0.2951	+0.287%	$2.9M	$3.6M	50x	as long as short