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% APRpaid last 24h −0.025%

Price spread now: Gate against ApeX Omni−0.205%66s7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.790% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.745%−$74 · spread now −0.205%, 7d avg −0.083%

Together, before fees−0.837%−$84 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: Gate is 0.122% cheaper against ApeX Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.083%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2928	0.0100	pay 0.0013% / 1h	42m 22s	$161K	$255K	50x
Short	Gate JUP_USDT	0.2922	0.0100	get 0.0050% / 4h	42m 22s	$700K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX 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 ApeX OmnibpFee GatebpOrdersPrice spread, now −0.205%Rate

Funding earned: $0
Price spread: −0.205% → −0.083%: −$12.16
Slippage, 4 orders: −$54.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$91.17
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 59 min ago; Gate: live order book, 5 min ago.

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 ApeX Omni live order book, 59 min ago	8.53 bp	16.3 bp −$16	108.8 bp −$1,088	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.42 bp	22.2 bp −$22	92.2 bp −$922	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	−1.059%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2926	−0.067%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2924	−0.140%	$279K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2926	−0.077%	—	—	150x	as long as short
dYdX JUP-USD	+0.0044%	1h	0.2923	−0.157%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2926	−0.068%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2927	−0.031%	$758K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2925	−0.099%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2925	−0.085%	$572K	$491K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2929	+0.044%	$18.1M	$8.9M	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	0.2927	−0.043%	$99K	$296K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2927	−0.043%	$16.0M	$39.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2924	−0.137%	$15.9M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2927	−0.034%	$4.1M	$10.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2913	−0.495%	$60K	$2K	10x	as long as short
Gate JUP_USDTshort	+0.0100%	4h	0.2922	−0.205%	$700K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2925	−0.102%	$6.7M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2926	−0.068%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2927	−0.034%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2925	−0.102%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2922	−0.222%	$967K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2927	−0.037%	$708K	$530K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2928	−0.005%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2928	long leg	$161K	$255K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2929	+0.041%	$93K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2927	−0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2921	−0.239%	$110K	$42K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2924	−0.153%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2927	−0.038%	$26K	$6K	5x	as long as short
Extended JUP-USD	+0.0176%	1h	0.2925	−0.103%	$2.2M	$573K	25x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0194%	1h	0.2928	−0.017%	$53K	$17K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2931	+0.099%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2920	−0.273%	$819K	$371K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2930	+0.085%	$105K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0413%	1h	0.2928	+0.001%	$576K	$417K	20x	as long as short
Phemex JUPUSDT	+0.0431%	4h	0.2924	−0.137%	$2.9M	$3.0M	50x	as long as short