Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Variational Omni against ApeX Omni−0.034%73s7-day average −0.056% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.034%, 7d avg −0.056%

Together, before fees+0.111%+ Points / potential airdropVariational Omni: Active · farm board+$11 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: Variational Omni is 0.021% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.056%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2948	0.0100	pay 0.0013% / 1h	54m 20s	$156K	$251K	50x
Short	Variational Omni JUP	0.2947	0.0100	get 0.0050% / 4h	3h 54m	$719K	$625K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.056%: $2.14
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.86
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 63 min ago; Variational Omni: RFQ quote, 15 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 ApeX Omni live order book, 63 min ago	10.14 bp	18.9 bp −$19	100.9 bp −$1,009	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 15 min ago	8.46 bp	doesn't fit	32.1 bp −$321	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	−0.5000%	1h	0.2921	−0.916%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0304%	1h	0.2963	+0.505%	$979K	$233K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2959	+0.384%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	+0.421%	$282K	$146K	10x	as long as short
Bybit JUPUSDT	−0.0094%	4h	0.2954	+0.204%	$15.9M	$17.9M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0021%	1h	0.2957	+0.295%	$54K	$16K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2959	+0.389%	$39K	$22K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2960	+0.399%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2963	+0.512%	$26K	$17K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	+0.306%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2959	+0.370%	$782K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	+0.473%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	+0.305%	$602K	$486K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.417%	$18.6M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.473%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	+0.348%	$16.2M	$40.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2955	+0.237%	$4.0M	$11.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2960	+0.420%	$62K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2957	+0.305%	$734K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	+0.373%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.441%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2958	+0.339%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	+0.305%	—	$20.7M	—	as long as short
Variational Omni JUPshort	+0.0100%	4h	0.2947	−0.034%	$719K	$625K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.110%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2948	long leg	$156K	$251K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.478%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	+0.271%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	+0.068%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2959	+0.373%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	+0.390%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2958	+0.339%	$593K	$467K	20x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2954	+0.210%	$2.2M	$494K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2964	+0.539%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2955	+0.248%	$97K	$283K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.441%	$838K	$376K	50x	as long as short