Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against Bitget−0.033%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.033%, 7d avg +0.068%

Together, before fees+0.133%+$13 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: ApeX Omni is 0.101% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JUPUSDT	0.3016	0.0100	pay 0.0050% / 4h	3h 08m	$5.9M	$6.7M	75x
Short	ApeX Omni JUPUSDT	0.3015	0.0100	get 0.0013% / 1h	8m 53s	$160K	$303K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.068%: −$10.1
Slippage, 4 orders: −$42.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$75
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; ApeX Omni: live order book, 63 min ago.

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 Bitget live order book, 4 min ago	3.31 bp	12.5 bp −$13	34.4 bp −$344	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 63 min ago	10.11 bp	19.3 bp −$19	115.5 bp −$1,155	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	−0.4634%	1h	0.2985	−1.028%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3017	+0.036%	$287K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3017	+0.040%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3015	−0.046%	$607K	$525K	20x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.3017	+0.033%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0042%	4h	0.3012	−0.133%	$4.1M	$15.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3016	+0.013%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3017	+0.028%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0045%	1h	0.3018	+0.082%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3015	−0.048%	—	—	20x	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	+0.0081%	8h	0.3018	+0.055%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3016	−0.013%	$755K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3017	+0.033%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3016	−0.008%	$623K	$625K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3018	+0.080%	$19.4M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3016	+0.006%	$116K	$328K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3014	−0.066%	$16.6M	$48.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3012	−0.133%	$16.5M	$20.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.497%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3013	−0.099%	$757K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3015	−0.033%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3015	−0.033%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.3016	long leg	$5.9M	$6.7M	75x
BingX JUP-USDT	+0.0100%	4h	0.3014	−0.066%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3015	−0.020%	$997K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3010	−0.199%	$728K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3023	+0.232%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.3015	−0.033%	$160K	$303K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.3020	+0.139%	$95K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3010	−0.199%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3021	+0.166%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3013	−0.105%	$2.2M	$490K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3014	−0.083%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3019	+0.103%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3019	+0.103%	$75K	$61K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3013	−0.099%	$852K	$358K	50x	as long as short