Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.018%

Price spread now: ApeX Omni against OKX+0.203%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.517%+$52 · spread now +0.203%, 7d avg +0.095%

Together, before fees+0.579%+$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.108% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.095%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX JUP-USDT-SWAP	0.2956	−0.0088	get 0.0044% / 4h	2h 47m	$4.1M	$14.9M	50x
Short	ApeX Omni JUPUSDT	0.2962	0.0100	get 0.0013% / 1h	47m 02s	$157K	$303K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.203%Rate

Funding earned: $39.54
Price spread: +0.203% → +0.095%: $10.83
Slippage, 4 orders: −$44.14
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$13.78
Costs to cover: 0.641%
Break-even: 9.4 days

Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 20 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 OKX live order book, 1 min ago	3.38 bp	13.6 bp −$14	55.6 bp −$556	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 20 min ago	9.98 bp	18.4 bp −$18	102.9 bp −$1,029	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	−0.4347%	1h	0.2904	−1.759%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2962	+0.195%	$282K	$149K	10x	as long as short
Bybit JUPUSDT	−0.0332%	4h	0.2955	−0.024%	$15.9M	$20.6M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2962	+0.205%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAPlong	−0.0088%	4h	0.2956	long leg	$4.1M	$14.9M	50x
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2960	+0.151%	$595K	$524K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2964	+0.255%	$39K	$31K	5x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2965	+0.291%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.145%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2963	+0.245%	—	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0034%	4h	0.2957	+0.034%	$741K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	+0.154%	—	—	20x	as long as short
Variational Omni JUP	+0.0060%	4h	0.2949	−0.252%	$715K	$768K	—	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2963	+0.234%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2963	+0.247%	$783K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	+0.203%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2961	+0.161%	$608K	$602K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	+0.217%	$18.9M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.187%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2959	+0.099%	$16.3M	$47.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2960	+0.135%	$7.6M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.169%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	+0.101%	$5.8M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	+0.101%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2960	+0.145%	$981K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	+0.271%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2962	+0.203%	$157K	$303K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2969	+0.433%	$93K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2956	0.000%	$111K	$55K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2962	+0.217%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2957	+0.042%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	+0.002%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2958	+0.074%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2966	+0.328%	$74K	$58K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2964	+0.271%	$853K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0419%	4h	0.2964	+0.271%	$2.9M	$3.6M	50x	as long as short