Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Nado against Variational Omni+0.289%7-day average −0.013% · you sell dearer than you buy

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

Long on Variational Omni Short on Nado

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)+0.414%+$41 · spread now +0.289%, 7d avg −0.013%

Together, before fees+0.417%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$42 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: Nado is 0.302% dearer against Variational Omni than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2931	0.0100	pay 0.0050% / 4h	3h 52m	$712K	$527K	—
Short	Nado JUP-PERP	0.2939	0.0100	get 0.0012% / 1h	52m 08s	$579K	$491K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.289%Rate

Funding earned: $0
Price spread: +0.289% → −0.013%: $30.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $23.21
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 62 min ago; Nado: live order book, 46 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, 62 min ago	6.87 bp	doesn't fit	34.3 bp −$343	doesn't fit	doesn't fit
Sell Nado live order book, 46 min ago	1.71 bp	7.6 bp −$8	34.3 bp −$343	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	−0.3798%	1h	0.2898	−1.126%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2939	+0.265%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0220%	4h	0.2937	+0.218%	$15.9M	$17.1M	50x	as long as short
Pacifica JUP	−0.0070%	1h	0.2936	+0.180%	$280K	$137K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2938	+0.245%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2935	+0.141%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0032%	1h	0.2935	+0.152%	$39K	$15K	5x	as long as short
ApeX Omni JUPUSDT	+0.0056%	1h	0.2928	−0.103%	$161K	$249K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2938	+0.240%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2940	+0.307%	$760K	$1.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0098%	8h	0.2936	+0.163%	$9K	$11K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2939	+0.289%	$579K	$491K	10x
Hyperliquid JUP	+0.0100%	1h	0.2942	+0.382%	$18.2M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	+0.178%	$102K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2937	+0.209%	$16.1M	$38.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2938	+0.238%	$4.1M	$10.2M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2935	+0.136%	$699K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2936	+0.170%	$7.1M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2936	+0.170%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2938	+0.238%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2937	+0.204%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2939	+0.276%	$975K	$222K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2931	long leg	$712K	$527K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2932	+0.034%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2940	+0.307%	$93K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2939	+0.272%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2931	−0.001%	$112K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2939	+0.272%	$2.9M	$3.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2935	+0.124%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2936	+0.164%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2936	+0.162%	$2.2M	$567K	25x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2942	+0.388%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2934	+0.092%	$105K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0279%	1h	0.2938	+0.234%	$578K	$414K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2944	+0.460%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2934	+0.102%	$818K	$376K	50x	as long as short