Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Variational Omni+0.224%7-day average −0.017% · you sell dearer than you buy

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

Long on Variational Omni Short on Nado

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)−0.061%−$6 · spread now +0.224%, 7d avg −0.017%

Together, before fees−0.061%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$6 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: Nado is 0.241% dearer against Variational Omni than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2972	0.0100	pay 0.0050% / 4h	50m 31s	$718K	$1.0M	—
Short	Nado JUP-PERP	0.2979	0.0100	get 0.0012% / 1h	50m 31s	$615K	$664K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.224%Rate

Funding earned: $0
Price spread: +0.224% → −0.017%: $24.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $17.09
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 28 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, 4 min ago	6.73 bp	doesn't fit	40.4 bp −$404	doesn't fit	doesn't fit
Sell Nado live order book, 28 min ago	1.01 bp	8.2 bp −$8	40.7 bp −$407	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	−0.4371%	1h	0.2944	−0.945%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2982	+0.332%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2984	+0.384%	$604K	$617K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2982	+0.344%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2983	+0.374%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2981	+0.315%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2976	+0.143%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0063%	4h	0.2978	+0.199%	$16.3M	$23.0M	50x	as long as short
Gate JUP_USDT	+0.0066%	4h	0.2979	+0.232%	$749K	$1.8M	75x	as long as short
BloFin JUP-USDT	+0.0075%	4h	0.2982	+0.333%	$847K	$330K	50x	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	+0.0080%	1h	0.2983	+0.363%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2982	+0.328%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2985	+0.421%	$801K	$1.3M	10x	as long as short
dYdX JUP-USD	+0.0098%	1h	0.2981	+0.315%	$39K	$34K	5x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2979	+0.224%	$615K	$664K	10x
Aster JUPUSDT	+0.0100%	4h	0.2983	+0.359%	$109K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2981	+0.297%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2977	+0.165%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2983	+0.354%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2981	+0.299%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	+0.400%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2980	+0.266%	$5.7M	$8.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2981	+0.299%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2983	+0.360%	$987K	$246K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2972	long leg	$718K	$1.0M	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2977	+0.163%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	+0.232%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+0.458%	$94K	$129K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2982	+0.333%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2973	+0.030%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2984	+0.400%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2980	+0.283%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0156%	1h	0.2986	+0.455%	$19.2M	$13.2M	10x	as long as short
Phoenix JUP	+0.0162%	1h	0.2984	+0.384%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0216%	1h	0.2978	+0.205%	$2.2M	$506K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2979	+0.236%	$74K	$95K	50x	as long as short