Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −1.312%

Price spread now: Variational Omni against dYdX−0.015%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Variational Omni

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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.2983	0.0032	pay 0.0004% / 1h	22m 46s	$39K	$36K	5x
Short	Variational Omni JUP	0.2982	0.0094	get 0.0047% / 4h	2h 22m	$728K	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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 dYdXbpFee Variational OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $12.96
Price spread: −0.015% → 0.000%: −$1.53
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.44
Costs to cover: 0.100%
Break-even: 6.2 days

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 1 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 dYdX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	6.71 bp	doesn't fit	43.6 bp −$436	doesn't fit	doesn't fit

dYdX: 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	−0.5000%	1h	0.2933	−1.671%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0845% / S +0.0289%	1h	0.2981	−0.060%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0114%	4h	0.2978	−0.163%	$16.3M	$24.1M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2986	+0.116%	$95K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2982	−0.018%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2983	−0.007%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2982	−0.015%	$605K	$624K	20x	as long as short
dYdX JUP-USDlong	+0.0032%	1h	0.2983	long leg	$39K	$36K	5x
Gate JUP_USDT	+0.0044%	4h	0.2979	−0.129%	$742K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2979	−0.142%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0063%	4h	0.2985	+0.072%	$859K	$331K	50x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2984	+0.035%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0092%	8h	0.2979	−0.124%	$9K	$15K	10x	as long as short
Variational Omni JUPshort	+0.0094%	4h	0.2982	−0.015%	$728K	$1.2M	—
Lighter JUP	+0.0096%	1h	0.2982	−0.029%	$874K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2982	−0.029%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2980	−0.079%	$601K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2983	+0.018%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2981	−0.057%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2980	−0.104%	$284K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2979	−0.116%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2979	−0.129%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2979	−0.129%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2983	+0.005%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2980	−0.096%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2979	−0.129%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2981	−0.062%	$988K	$267K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2980	−0.099%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2978	−0.163%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+0.106%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2975	−0.263%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.106%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.722%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	−0.129%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2979	−0.142%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.223%	$74K	$95K	50x	as long as short