Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Variational Omni against KuCoin+0.231%7-day average −0.041% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.231%, 7d avg −0.041%

Together, before fees+0.076%+ Points / potential airdropVariational Omni: Active · farm board+$8 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 0.272% dearer against KuCoin than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2944	0.0100	pay 0.0050% / 4h	1h 57m	$4.0M	$7.0M	50x
Short	Variational Omni JUP	0.2951	0.0100	get 0.0050% / 4h	1h 57m	$714K	$320K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.231%Rate

Funding earned: $0
Price spread: +0.231% → −0.041%: $27.18
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $15.18
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 min ago; Variational Omni: RFQ quote, 55 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 KuCoin live order book, 4 min ago	6.76 bp	50.3 bp −$50	133.2 bp −$1,332	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 55 min ago	8.40 bp	doesn't fit	35.3 bp −$353	doesn't fit	doesn't fit

JUP on 36 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2944	+0.002%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2945	+0.031%	$281K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2944	+0.017%	$54K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2943	−0.017%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0056%	1h	0.2951	+0.238%	$163K	$234K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2942	−0.076%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0080%	1h	0.2944	+0.003%	$26K	$2K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2947	+0.092%	$759K	$948K	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2945	+0.019%	$9K	$9K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2944	+0.017%	$578K	$479K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2945	+0.040%	$17.9M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2944	0.000%	$100K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2943	−0.034%	$16.2M	$36.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2941	−0.102%	$16.0M	$16.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2943	−0.034%	$4.0M	$9.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.306%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2941	−0.102%	$701K	$952K	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2944	0.000%	$7.9M	$5.1M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2944	long leg	$4.0M	$7.0M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2945	+0.034%	$5.8M	$4.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2942	−0.068%	—	$21.4M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2949	+0.183%	$994K	$236K	10x	as long as short
Variational Omni JUPshort	+0.0100%	4h	0.2951	+0.231%	$714K	$320K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	+0.341%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2949	+0.183%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2943	−0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2938	−0.204%	$111K	$57K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2942	−0.058%	$2.2M	$543K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2943	−0.051%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0269%	4h	0.2949	+0.170%	$2.9M	$2.8M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2951	+0.228%	$81K	$56K	50x	as long as short
Phoenix JUP	+0.0318%	1h	0.2959	+0.493%	$97K	$256K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2946	+0.068%	$823K	$363K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0527%	1h	0.2947	+0.101%	$579K	$391K	20x	as long as short
dYdX JUP-USD	+0.1431%	1h	0.2950	+0.221%	$39K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+2.582%	$3K	$205K	5.5x	as long as short