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: HTX against Variational Omni−0.224%7-day average −0.210% · you buy dearer than you sell

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.151%+$15 · spread now −0.224%, 7d avg −0.210%

Together, before fees+0.148%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2955	0.0100	pay 0.0050% / 4h	1h 17m	$714K	$1.1M	—
Short	HTX JUP-USDT	0.2948	0.0100	get 0.0050% / 4h	1h 17m	$111K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.224%Rate

Funding earned: $0
Price spread: −0.224% → −0.210%: −$1.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$13.4
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; HTX: live order book, 64 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	6.77 bp	doesn't fit	37.3 bp −$373	doesn't fit	doesn't fit
Sell HTX live order book, 64 min ago	8.42 bp	117.9 bp −$118	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	−1.477%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2956	+0.059%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	+0.028%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2957	+0.066%	$600K	$614K	20x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2958	+0.097%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	+0.080%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2957	+0.095%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0008%	4h	0.2953	−0.055%	$745K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	−0.034%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0070%	4h	0.2958	+0.114%	$844K	$327K	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	+0.0073%	8h	0.2955	+0.011%	$9K	$13K	10x	as long as short
Bybit JUPUSDT	+0.0084%	4h	0.2952	−0.079%	$16.2M	$23.3M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.128%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.097%	$611K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.199%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.116%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	+0.039%	$16.3M	$54.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2955	+0.012%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.148%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	+0.046%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2957	+0.080%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	+0.012%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	+0.012%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2956	+0.053%	$978K	$255K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2955	long leg	$714K	$1.1M	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	+0.216%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2957	+0.080%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2960	+0.178%	$93K	$132K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2957	+0.080%	$31K	$49K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2948	−0.224%	$111K	$67K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2961	+0.216%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	−0.042%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0141%	1h	0.2957	+0.068%	$39K	$35K	5x	as long as short
Extended JUP-USD	+0.0168%	1h	0.2953	−0.041%	$2.2M	$503K	25x	as long as short
Phoenix JUP	+0.0190%	1h	0.2959	+0.134%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2956	+0.056%	$74K	$94K	50x	as long as short