Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0327%/8h= +35.8% APRpaid last 24h +0.066%

Price spread now: Extended against Variational Omni+0.431%7-day average −0.075% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.254%+$25 on $10k

Price spread, last 4 days (all we have)−1.613%−$161 · spread now +0.431%, 7d avg −0.075%

Together, before fees−1.359%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$136 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 0.506% dearer against Variational Omni than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2947	0.0009	pay 0.0005% / 4h	2h 27m	$720K	$751K	—
Short	Extended JUP-USD	0.2960	0.0336	get 0.0042% / 1h	27m 58s	$2.2M	$487K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.431%Rate

Funding earned: $68.61
Price spread: +0.431% → −0.075%: $50.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $114.18
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 56 min ago; Extended: live order book, 1 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, 56 min ago	8.30 bp	doesn't fit	34.8 bp −$348	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	6.77 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit

JUP on 35 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	0.2901	−1.562%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2956	+0.308%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2960	+0.439%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0212%	4h	0.2959	+0.406%	$15.9M	$20.2M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0058%	4h	0.2960	+0.440%	$4.1M	$14.4M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2962	+0.520%	$593K	$522K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2962	+0.508%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2959	+0.416%	—	—	150x	as long as short
Variational Omni JUPlong	+0.0009%	4h	0.2947	long leg	$720K	$751K	—
dYdX JUP-USD	+0.0017%	1h	0.2956	+0.297%	$39K	$29K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0028%	4h	0.2959	+0.406%	$732K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	+0.398%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2956	+0.309%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.586%	$783K	$1.3M	10x	as long as short
01 Exchange JUPUSD	+0.0096%	1h	0.2960	+0.440%	$26K	$19K	5x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	+0.508%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	+0.355%	$601K	$599K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.609%	$18.9M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	+0.472%	$114K	$320K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2962	+0.495%	$16.4M	$46.4M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.370%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2961	+0.474%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.474%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.474%	$5.8M	$6.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	+0.440%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	+0.535%	$981K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2948	+0.033%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	+0.168%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	+0.460%	$94K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	+0.202%	$111K	$49K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	+0.434%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.433%	$97K	$402K	10x	as long as short
Phemex JUPUSDT	+0.0226%	4h	0.2963	+0.541%	$2.9M	$3.6M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2959	+0.423%	$75K	$52K	50x	as long as short
Extended JUP-USDshort	+0.0336%	1h	0.2960	+0.431%	$2.2M	$487K	25x