Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Variational Omni against OKX+0.272%7-day average +0.033% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.478%+$48 · spread now +0.272%, 7d avg +0.033%

Together, before fees+0.500%+ Points / potential airdropVariational Omni: Active · farm board+$50 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 0.239% dearer against OKX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX JUP-USDT-SWAP	0.2916	0.0100	pay 0.0050% / 4h	40m 26s	$4.0M	$10.1M	50x
Short	Variational Omni JUP	0.2924	0.0100	get 0.0050% / 4h	40m 26s	$708K	$529K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.272%Rate

Funding earned: $0
Price spread: +0.272% → +0.033%: $23.85
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $13.85
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 3 min ago; Variational Omni: RFQ quote, 14 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 OKX live order book, 3 min ago	1.71 bp	13.2 bp −$13	57.3 bp −$573	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 14 min ago	6.87 bp	doesn't fit	41.2 bp −$412	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	−0.3836%	1h	0.2897	−0.652%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2919	+0.108%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2922	+0.203%	$279K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2919	+0.110%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2920	+0.145%	—	—	150x	as long as short
dYdX JUP-USD	+0.0040%	1h	0.2923	+0.254%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2915	−0.034%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2923	+0.230%	$757K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2921	+0.184%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2919	+0.120%	$571K	$491K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2922	+0.189%	$18.0M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2924	+0.281%	$99K	$296K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2919	+0.094%	$16.0M	$38.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2920	+0.137%	$15.9M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAPlong	+0.0100%	4h	0.2916	long leg	$4.0M	$10.1M	50x
Bulk JUP-USD	+0.0100%	1h	0.2913	−0.086%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2922	+0.206%	$700K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2919	+0.103%	$6.7M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2923	+0.240%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2923	+0.240%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2921	+0.171%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2927	+0.370%	$968K	$223K	10x	as long as short
Variational Omni JUPshort	+0.0100%	4h	0.2924	+0.272%	$708K	$529K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2928	+0.407%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2928	+0.412%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2922	+0.189%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2920	+0.137%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2920	+0.137%	$110K	$42K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2917	+0.017%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2920	+0.137%	$26K	$6K	5x	as long as short
Extended JUP-USD	+0.0168%	1h	0.2917	+0.024%	$2.2M	$573K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2927	+0.364%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2926	+0.343%	$818K	$371K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2930	+0.497%	$105K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0415%	1h	0.2918	+0.083%	$574K	$417K	20x	as long as short
Phemex JUPUSDT	+0.0461%	4h	0.2929	+0.446%	$2.9M	$3.0M	50x	as long as short