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: HTX against Variational Omni−0.024%7-day average −0.195% · you buy dearer than you sell

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

Long on Variational Omni Short on HTX

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)−0.039%−$4 · spread now −0.024%, 7d avg −0.195%

Together, before fees−0.039%+ Points / potential airdropVariational Omni: Active · farm board−$4 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: HTX is 0.172% dearer against Variational Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.195%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2926	0.0100	pay 0.0050% / 4h	9m 41s	$702K	$236K	—
Short	HTX JUP-USDT	0.2925	0.0100	get 0.0050% / 4h	9m 41s	$111K	$46K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.195%: $17.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $5.16
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; HTX: live order book, 29 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, 32 min ago	6.88 bp	doesn't fit	34.4 bp −$344	doesn't fit	doesn't fit
Sell HTX live order book, 29 min ago	8.57 bp	30.4 bp −$30	doesn't fit	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
Pacifica JUP	−0.0298%	1h	0.2934	+0.278%	$280K	$131K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2930	+0.151%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0056%	1h	0.2929	+0.113%	$26K	—	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2930	+0.140%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2931	+0.181%	$18K	—	150x	as long as short
Injective JUP/USDC PERP	+0.0033%	1h	0.3020	+3.223%	$3K	$205K	5.5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2928	+0.086%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0088%	8h	0.2933	+0.242%	$9K	$9K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	+0.373%	$755K	$935K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2929	+0.104%	$445K	$650K	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	0.2937	+0.393%	$17.9M	$6.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2932	+0.231%	$100K	$250K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2933	+0.250%	$15.9M	$34.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2931	+0.181%	$15.9M	$14.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2933	+0.250%	$4.0M	$9.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2930	+0.159%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2934	+0.284%	$700K	$1.0M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2935	+0.318%	$8.5M	$5.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2935	+0.318%	$4.0M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2935	+0.318%	$5.8M	$3.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2933	+0.250%	—	$10.4M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2931	+0.185%	$986K	$238K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2926	long leg	$702K	$236K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	+0.286%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2931	+0.181%	$152K	$225K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	+0.352%	$92K	$98K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2931	+0.181%	$33K	$27K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2925	−0.024%	$111K	$46K	20x
Extended JUP-USD	+0.0104%	1h	0.2931	+0.197%	$2.2M	$586K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2928	+0.086%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0129%	4h	0.2934	+0.284%	$2.9M	$2.7M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0160%	1h	0.2931	+0.185%	$80K	$60K	50x	as long as short
Phoenix JUP	+0.0276%	1h	0.2936	+0.339%	$98K	$254K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2934	+0.284%	$805K	$352K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0567%	1h	0.2934	+0.268%	$582K	$390K	20x	as long as short
dYdX JUP-USD	+0.0784%	1h	0.2932	+0.222%	$39K	$10K	5x	as long as short