Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.064%

Price spread now: Extended against Variational Omni−0.006%7-day average −0.070% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.268%+$27 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now −0.006%, 7d avg −0.070%

Together, before fees+0.087%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.064% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2917	0.0100	pay 0.0050% / 4h	1h 35m	$708K	$624K	—
Short	Extended JUP-USD	0.2917	0.0208	get 0.0026% / 1h	35m 22s	$2.2M	$572K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.006%Rate

Funding earned: $22.68
Price spread: −0.006% → −0.070%: $6.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $24.03
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 24 min ago; Extended: live order book, 3 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 Variational Omni RFQ quote, 24 min ago	6.79 bp	doesn't fit	40.7 bp −$407	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	5.12 bp	10.9 bp −$11	doesn't fit	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	−0.5000%	1h	0.2900	−0.582%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2917	+0.015%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2919	+0.052%	$278K	$140K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2918	+0.045%	—	—	150x	as long as short
dYdX JUP-USD	+0.0018%	1h	0.2919	+0.052%	$39K	$18K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2918	+0.036%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2921	+0.151%	$757K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2918	+0.035%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2919	+0.077%	$572K	$491K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2921	+0.127%	$18.0M	$9.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2920	+0.101%	$105K	$283K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2918	+0.051%	$16.1M	$39.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2916	−0.030%	$15.8M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2918	+0.035%	$4.0M	$10.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2928	+0.377%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2918	+0.035%	$698K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2919	+0.069%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2920	+0.103%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2919	+0.069%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2917	0.000%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2918	+0.052%	$966K	$229K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2917	long leg	$708K	$624K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2927	+0.331%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2924	+0.240%	$161K	$256K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2922	+0.168%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2919	+0.069%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2912	−0.171%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2917	−0.017%	$40K	—	3x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0127%	1h	0.2919	+0.069%	$52K	$17K	10x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2921	+0.141%	$26K	$6K	5x	as long as short
Extended JUP-USDshort	+0.0208%	1h	0.2917	−0.006%	$2.2M	$572K	25x
Phoenix JUP	+0.0244%	1h	0.2929	+0.425%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.806%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2925	+0.275%	$823K	$377K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0377%	1h	0.2920	+0.089%	$576K	$419K	20x	as long as short
Phemex JUPUSDT	+0.0573%	4h	0.2925	+0.275%	$2.9M	$3.0M	50x	as long as short