Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX−0.407%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+1.242%+$124 · spread now −0.407%, 7d avg +0.069%

Together, before fees+1.248%+$125 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and ApeX Omni is 0.476% cheaper against BingX than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2948	0.0100	pay 0.0050% / 4h	3h 51m	—	$20.5M	—
Short	ApeX Omni JUPUSDT	0.2936	0.0090	get 0.0011% / 1h	51m 04s	$162K	$249K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.407%Rate

Funding earned: −$2.03
Price spread: −0.407% → +0.069%: −$47.65
Slippage, 4 orders: −$26.65
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$96.33
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; ApeX Omni: live order book, 46 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 BingX live order book, 3 min ago	1.70 bp	6.7 bp −$7	10.9 bp −$109	23.0 bp −$2,305	159.4 bp −$79.7K
Sell ApeX Omni live order book, 46 min ago	8.59 bp	17.0 bp −$17	103.6 bp −$1,036	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	−1.696%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2949	+0.032%	$16K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.2947	−0.045%	$281K	$137K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2948	+0.012%	$16K	—	150x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0021%	1h	0.2950	+0.071%	$53K	$17K	10x	as long as short
Bybit JUPUSDT	+0.0051%	4h	0.2946	−0.054%	$15.9M	$17.1M	50x	as long as short
dYdX JUP-USD	+0.0053%	1h	0.2947	−0.017%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2948	+0.001%	—	—	20x	as long as short
ApeX Omni JUPUSDTshort	+0.0090%	1h	0.2936	−0.407%	$162K	$249K	50x
Lighter JUP	+0.0096%	1h	0.2952	+0.146%	$763K	$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	0.2947	−0.048%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2947	−0.042%	$580K	$491K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.155%	$18.2M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2948	−0.012%	$103K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2949	+0.035%	$16.1M	$38.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2948	0.000%	$4.1M	$10.2M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2948	0.000%	$701K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	0.000%	$7.2M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	+0.068%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	+0.034%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2948	long leg	—	$20.5M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2950	+0.078%	$979K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2931	−0.576%	$712K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	−0.339%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.068%	$93K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	0.000%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2938	−0.339%	$112K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2951	+0.102%	$2.9M	$3.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2935	−0.453%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2947	−0.025%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2948	+0.009%	$2.2M	$567K	25x	as long as short
01 Exchange JUPUSD	+0.0192%	1h	0.2951	+0.105%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2934	−0.485%	$105K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0278%	1h	0.2950	+0.074%	$581K	$414K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2952	+0.149%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2940	−0.271%	$819K	$377K	50x	as long as short