JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0455%/8h= −49.8% APRnext payment −$2.28 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.081%7-day average −0.034% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.379%−$38 · spread now +0.081%, 7d avg −0.034%

Together, before fees−0.379%+ Points / potential airdropVariational Omni: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.114% dearer against Variational Omni than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.034%): +$11 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 20 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.28 per $10,000. 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	Variational Omni JUP	0.2958	0.0098	pay 0.0049% / 4h	2h 43m	$724K	$1.2M	—
Short	Bybit JUPUSDT	0.2960	−0.0357	pay 0.0179% / 4h	2h 43m	$16.2M	$24.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$95.59
Price spread: +0.081% → −0.034%: $11.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.15
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bybit: live order book, 5 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 Variational Omni RFQ quote, 1 min ago	6.77 bp	doesn't fit	40.6 bp −$406	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.69 bp	16.4 bp −$16	45.0 bp −$450	201.9 bp −$20.2K	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	0.2934	−0.812%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0738% / S +0.0255%	1h	0.2960	+0.071%	$13K	—	100x	as long as short
Bybit JUPUSDTshort	−0.0357%	4h	0.2960	+0.081%	$16.2M	$24.1M	50x
Backpack JUP_USDC_PERP	−0.0046%	1h	0.2960	+0.057%	$981K	$270K	10x	as long as short
Gate JUP_USDT	−0.0026%	4h	0.2959	+0.033%	$738K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2964	+0.196%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.070%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2960	+0.056%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2961	+0.091%	$601K	$624K	20x	as long as short
dYdX JUP-USD	+0.0012%	1h	0.2961	+0.101%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0040%	1h	0.2967	+0.317%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	+0.131%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2963	+0.182%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.260%	$897K	$1.3M	10x	as long as short
Variational Omni JUPlong	+0.0098%	4h	0.2958	long leg	$724K	$1.2M	—
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2960	+0.067%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2963	+0.169%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.250%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	+0.153%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2963	+0.154%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2964	+0.218%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2963	+0.169%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.225%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	+0.169%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.135%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	+0.169%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2963	+0.169%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	+0.101%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	+0.101%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2968	+0.344%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.237%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.202%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.034%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0113%	4h	0.2962	+0.135%	$867K	$330K	50x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2963	+0.166%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+1.004%	$74K	$95K	50x	as long as short