Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Variational Omni against HTX−0.007%7-day average +0.200% · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.007%, 7d avg +0.200%

Together, before fees+0.114%+ Points / potential airdropVariational Omni: Active · farm board+$11 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: Variational Omni is 0.207% cheaper against HTX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.200%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2951	0.0100	pay 0.0050% / 4h	1h 58m	$112K	$57K	20x
Short	Variational Omni JUP	0.2951	0.0100	get 0.0050% / 4h	1h 58m	$714K	$320K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.200%: −$20.7
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.7
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 50 min ago; Variational Omni: RFQ quote, 53 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 HTX live order book, 50 min ago	6.74 bp	110.1 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 53 min ago	8.40 bp	doesn't fit	35.3 bp −$353	doesn't fit	doesn't fit

JUP on 36 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.069%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2949	−0.060%	$281K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2954	+0.085%	$55K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2956	+0.159%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0040%	1h	0.2952	+0.034%	$163K	$234K	50x	as long as short
dYdX JUP-USD	+0.0041%	1h	0.2956	+0.174%	$39K	$10K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.041%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2952	+0.044%	$760K	$947K	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2948	−0.087%	$9K	$9K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2953	+0.051%	$580K	$479K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2951	+0.010%	$17.9M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2950	−0.034%	$100K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2949	−0.068%	$16.2M	$37.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2947	−0.122%	$16.0M	$16.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	−0.136%	$4.0M	$9.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.068%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2950	−0.034%	$703K	$952K	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	−0.068%	$7.9M	$5.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	−0.034%	$4.0M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2951	0.000%	$5.8M	$4.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2950	−0.034%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	+0.054%	$995K	$236K	10x	as long as short
Variational Omni JUPshort	+0.0100%	4h	0.2951	−0.007%	$714K	$320K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2959	+0.261%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2956	+0.169%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	+0.068%	$33K	$29K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2951	long leg	$112K	$57K	20x
Extended JUP-USD	+0.0104%	1h	0.2949	−0.067%	$2.2M	$543K	25x	as long as short
01 Exchange JUPUSD	+0.0104%	1h	0.2954	+0.085%	$26K	$2K	5x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	+0.068%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0271%	4h	0.2959	+0.271%	$2.9M	$2.8M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2957	+0.213%	$81K	$56K	50x	as long as short
Phoenix JUP	+0.0318%	1h	0.2959	+0.254%	$97K	$256K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2954	+0.102%	$827K	$364K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0525%	1h	0.2956	+0.174%	$581K	$389K	20x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+2.338%	$3K	$205K	5.5x	as long as short