Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%

Price spread now: Aevo against Variational Omni+0.344%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.344% dearer against Variational Omni than usual: you sell high and buy low, +$34 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2971	0.0100	pay 0.0050% / 4h	3h 18m	$720K	$466K	—
Short	Aevo JUP-PERP	0.2981	0.0104	get 0.0013% / 1h	18m 15s	$41K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.344%Rate

Funding earned: $0.84
Price spread: +0.344% → 0.000%: $34.41
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $19.25
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 31 min ago; Aevo: no order-book sample. 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 Variational Omni RFQ quote, 31 min ago	6.81 bp	doesn't fit	34.0 bp −$340	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.3798%	1h	0.2931	−1.332%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2986	+0.506%	$16K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.2984	+0.460%	$285K	$129K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2986	+0.535%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0054%	1h	0.2983	+0.403%	$39K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2984	+0.438%	—	—	20x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0085%	1h	0.2989	+0.620%	$54K	$17K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2990	+0.641%	$774K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2982	+0.401%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2981	+0.360%	$583K	$483K	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	0.2988	+0.572%	$18.4M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2986	+0.505%	$103K	$282K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2986	+0.508%	$16.3M	$37.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2983	+0.418%	$16.2M	$16.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2986	+0.519%	$4.1M	$10.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2984	+0.452%	$707K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2985	+0.486%	$8.0M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2986	+0.519%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2986	+0.519%	$5.9M	$4.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2983	+0.418%	—	$20.4M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2984	+0.449%	$989K	$218K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2971	long leg	$720K	$466K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2974	+0.117%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2970	−0.019%	$164K	$249K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2985	+0.503%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2988	+0.587%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2978	+0.250%	$115K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2989	+0.620%	$2.9M	$2.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2984	+0.452%	$62K	$2K	10x	as long as short
Aevo JUP-PERPshort	+0.0104%	1h	0.2981	+0.344%	$41K	—	3x
Extended JUP-USD	+0.0144%	1h	0.2986	+0.529%	$2.2M	$544K	25x	as long as short
01 Exchange JUPUSD	+0.0224%	1h	0.2987	+0.536%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2975	+0.146%	$108K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0274%	1h	0.2989	+0.615%	$589K	$394K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2989	+0.614%	$78K	$53K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2982	+0.385%	$825K	$381K	50x	as long as short