Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h 0.000%

Price spread now: Nado against Variational Omni−0.087%7-day average −0.017% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

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)+0.249%+$25 · spread now −0.087%, 7d avg −0.017%

Together, before fees+0.249%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.069% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.017%). If the spread goes back, that is −$7 on $10k: about 5.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2969	0.0057	pay 0.0029% / 4h	11m 35s	$719K	$828K	—
Short	Nado JUP-PERP	0.2966	0.0100	get 0.0012% / 1h	11m 35s	$614K	$649K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.087%Rate

Funding earned: $8.99
Price spread: −0.087% → −0.017%: −$6.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.95
Costs to cover: 0.070%
Break-even: 10.9 days

Slippage unknown: Variational Omni: RFQ quote, 17 min ago; Nado: live order book, 2 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, 17 min ago	8.40 bp	doesn't fit	38.6 bp −$386	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	2.19 bp	9.0 bp −$9	41.8 bp −$418	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	−0.4371%	1h	0.2938	−1.046%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2972	+0.095%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2970	+0.042%	$599K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2968	−0.025%	$283K	$165K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0120%	1h	0.2972	+0.089%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0064%	4h	0.2966	−0.113%	$16.1M	$22.1M	50x	as long as short
01 Exchange JUPUSD	−0.0024%	1h	0.2966	−0.110%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	+0.097%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0042%	4h	0.2966	−0.103%	$739K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2965	−0.143%	—	—	20x	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	+0.0057%	1h	0.2972	+0.084%	$39K	$33K	5x	as long as short
Variational Omni JUPlong	+0.0057%	4h	0.2969	long leg	$719K	$828K	—
OKX JUP-USDT-SWAP	+0.0066%	4h	0.2965	−0.137%	$4.0M	$16.1M	50x	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2967	−0.076%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.052%	$794K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	+0.065%	$31K	$48K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2966	−0.087%	$614K	$649K	10x
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.098%	$19.1M	$13.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	+0.031%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	−0.063%	$16.3M	$52.0M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2975	+0.203%	$62K	$10K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	−0.002%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2970	+0.031%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2968	−0.036%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	−0.070%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2970	+0.021%	$983K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2970	+0.031%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2967	−0.070%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2975	+0.186%	$94K	$120K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.171%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2973	+0.132%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2969	−0.019%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0143%	4h	0.2969	−0.002%	$846K	$304K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2971	+0.075%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0176%	1h	0.2965	−0.122%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.301%	$74K	$91K	50x	as long as short