JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.010%

Price spread now: ApeX Omni against Backpack−0.058%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.450%+$45 · spread now −0.058%, 7d avg +0.019%

Together, before fees+0.403%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.077% cheaper against Backpack than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.019%). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JUP_USDC_PERP	0.2948	0.0005	pay 0.0001% / 1h	40m 30s	$978K	$231K	10x
Short	ApeX Omni JUPUSDT	0.2946	0.0100	get 0.0013% / 1h	40m 30s	$157K	$274K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now −0.058%Rate

Funding earned: $20.01
Price spread: −0.058% → +0.019%: −$7.67
Slippage, 4 orders: −$36.3
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$43.95
Costs to cover: 0.563%
Break-even: 22.4 days

Slippage from Backpack: live order book, 23 min ago; ApeX Omni: live order book, 22 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 Backpack live order book, 23 min ago	1.69 bp	7.8 bp −$8	844.6 bp −$8,446	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 22 min ago	11.88 bp	19.8 bp −$20	110.1 bp −$1,101	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	0.2904	−1.483%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2950	+0.078%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2957	+0.316%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2949	+0.034%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2949	+0.052%	—	—	150x	as long as short
Backpack JUP_USDC_PERPlong	+0.0005%	1h	0.2948	long leg	$978K	$231K	10x
Bybit JUPUSDT	+0.0013%	4h	0.2959	+0.383%	$15.8M	$19.3M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0030%	4h	0.2961	+0.451%	$4.1M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	+0.349%	—	—	20x	as long as short
Variational Omni JUP	+0.0093%	4h	0.2946	−0.060%	$719K	$698K	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2953	+0.193%	$781K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2960	+0.406%	$9K	$11K	10x	as long as short
dYdX JUP-USD	+0.0100%	1h	0.2959	+0.397%	$39K	$27K	5x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2958	+0.366%	$599K	$511K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	+0.492%	$18.8M	$10.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2952	+0.162%	$114K	$298K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2959	+0.393%	$16.3M	$43.5M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.308%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2958	+0.349%	$739K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	+0.383%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2949	+0.044%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.451%	$5.8M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2961	+0.451%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.057%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2946	−0.058%	$157K	$274K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2963	+0.533%	$94K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	+0.010%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	−0.159%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.078%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2945	−0.075%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2962	+0.499%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2948	+0.024%	$589K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2950	+0.081%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2937	−0.370%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2951	+0.112%	$841K	$370K	50x	as long as short
Extended JUP-USD	+0.0352%	1h	0.2959	+0.372%	$2.2M	$492K	25x	as long as short