Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.041%

Price spread now: HTX against Coinbase International−0.385%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and HTX is 0.385% cheaper against Coinbase International than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JUP-PERP-INTX	0.2957	0.0264	pay 0.0033% / 1h	11m 48s	$74K	$94K	50x
Short	HTX JUP-USDT	0.2946	0.0100	get 0.0050% / 4h	1h 11m	$111K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.385%Rate

Funding earned: −$34.44
Price spread: −0.385% → 0.000%: −$38.55
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$94.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; HTX: live order book, 4 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 Coinbase International no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	11.86 bp	114.0 bp −$114	doesn't fit	doesn't fit	doesn't fit

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3508%	1h	0.2911	−1.569%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2955	−0.095%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2953	−0.135%	$281K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2954	−0.102%	$598K	$616K	20x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2954	−0.098%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2955	−0.064%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	−0.064%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0010%	4h	0.2952	−0.183%	$745K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	−0.128%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0063%	4h	0.2952	−0.183%	$16.2M	$23.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0076%	8h	0.2953	−0.142%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2956	−0.047%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2956	−0.056%	$611K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.041%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	−0.051%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.175%	$16.3M	$54.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	−0.183%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.054%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.183%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	−0.047%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	−0.149%	$5.6M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.149%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	−0.135%	$977K	$254K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2952	−0.195%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	−0.014%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	−0.047%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2959	+0.041%	$93K	$131K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2955	−0.081%	$31K	$49K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2946	−0.385%	$111K	$67K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.020%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	−0.181%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0126%	1h	0.2957	−0.026%	$39K	$35K	5x	as long as short
BloFin JUP-USDT	+0.0148%	4h	0.2954	−0.115%	$844K	$327K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.081%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2952	−0.195%	$2.2M	$504K	25x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0264%	1h	0.2957	long leg	$74K	$94K	50x