Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.001%

Price spread now: Paradex against Variational Omni+0.313%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.313% 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	0.2964	0.0044	pay 0.0022% / 4h	10m 04s	$718K	$777K	—
Short	Paradex JUP-USD-PERP	0.2973	0.0083	get 0.0083% / 8h	10m 04s	$9K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.313%Rate

Funding earned: $8.18
Price spread: +0.313% → 0.000%: $31.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $35.49
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 19 min ago; Paradex: 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, 19 min ago	8.40 bp	doesn't fit	38.6 bp −$386	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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	−0.863%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2974	+0.339%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2973	+0.333%	$599K	$591K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2971	+0.264%	$283K	$165K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0153%	1h	0.2973	+0.325%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0057%	4h	0.2971	+0.251%	$16.2M	$22.1M	50x	as long as short
01 Exchange JUPUSD	−0.0032%	1h	0.2974	+0.349%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2974	+0.368%	$17K	—	150x	as long as short
Variational Omni JUPlong	+0.0044%	4h	0.2964	long leg	$718K	$777K	—
Gate JUP_USDT	+0.0046%	4h	0.2973	+0.318%	$741K	$1.8M	75x	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	+0.0056%	1h	0.2972	+0.269%	$39K	$33K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2971	+0.236%	—	—	20x	as long as short
OKX JUP-USDT-SWAP	+0.0058%	4h	0.2970	+0.217%	$4.0M	$16.2M	50x	as long as short
Paradex JUP-USD-PERPshort	+0.0083%	8h	0.2973	+0.313%	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.2975	+0.379%	$795K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2973	+0.318%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2971	+0.259%	$615K	$647K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2978	+0.497%	$19.1M	$13.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2974	+0.354%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	+0.284%	$16.3M	$52.0M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2975	+0.389%	$62K	$10K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2972	+0.284%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2975	+0.386%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2972	+0.284%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2972	+0.284%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2974	+0.359%	$984K	$234K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2970	+0.217%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2967	+0.116%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.602%	$94K	$120K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2967	+0.116%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2976	+0.419%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2971	+0.251%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0131%	4h	0.2965	+0.048%	$635K	$303K	50x	as long as short
Extended JUP-USD	+0.0152%	1h	0.2970	+0.231%	$2.2M	$507K	25x	as long as short
Phoenix JUP	+0.0162%	1h	0.2971	+0.261%	$97K	$479K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.487%	$74K	$91K	50x	as long as short