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 +0.002%

Price spread now: KuCoin against Variational Omni−0.236%7-day average +0.037% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

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)+0.148%+$15 · spread now −0.236%, 7d avg +0.037%

Together, before fees+0.151%+ Points / potential airdropVariational Omni: Active · farm board+$15 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: KuCoin is 0.273% cheaper against Variational Omni than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2949	0.0100	pay 0.0050% / 4h	1h 56m	$715K	$625K	—
Short	KuCoin JUPUSDTM	0.2942	0.0100	get 0.0050% / 4h	1h 56m	$4.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.236%Rate

Funding earned: $0
Price spread: −0.236% → +0.037%: −$27.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.31
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; KuCoin: live order book, 2 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, 3 min ago	6.79 bp	doesn't fit	40.7 bp −$407	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	3.39 bp	38.6 bp −$39	114.4 bp −$1,144	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	0.2922	−0.914%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2945	−0.144%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2939	−0.343%	$280K	$143K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2939	−0.324%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2942	−0.236%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2946	−0.096%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2938	−0.388%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2943	−0.219%	$763K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2940	−0.307%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2940	−0.304%	$576K	$494K	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	0.2941	−0.277%	$18.2M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	−0.209%	$107K	$283K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2940	−0.304%	$16.2M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2938	−0.371%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2939	−0.338%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.128%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2941	−0.270%	$714K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2939	−0.338%	$6.8M	$5.6M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2942	−0.236%	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2941	−0.270%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2942	−0.236%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2942	−0.253%	$973K	$233K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2949	long leg	$715K	$625K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	+0.144%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2951	+0.069%	$163K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2940	−0.290%	$93K	$103K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2942	−0.236%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	−0.202%	$111K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2941	−0.274%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2940	−0.312%	$2.2M	$570K	25x	as long as short
01 Exchange JUPUSD	+0.0256%	1h	0.2941	−0.266%	$26K	$8K	5x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	+0.066%	$98K	$279K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2958	+0.314%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2940	−0.304%	$823K	$379K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0374%	1h	0.2944	−0.182%	$581K	$462K	20x	as long as short
Phemex JUPUSDT	+0.0650%	4h	0.2948	−0.032%	$2.9M	$3.1M	50x	as long as short