Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.048%

Price spread now: HTX against Deribit+0.058%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.058% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2951	0	get 0.0000% / 1h	28m 50s	$54K	$16K	10x
Short	HTX JUP-USDT	0.2953	0.0100	get 0.0050% / 4h	2h 28m	$111K	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $21
Price spread: +0.058% → 0.000%: $5.76
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $7.76
Costs to cover: 0.190%
Break-even: 4.4 days

Slippage unknown: Deribit: no order-book sample; HTX: live order book, 37 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 Deribit no order-book sample	—	—	—	—	—
Sell HTX live order book, 37 min ago	11.66 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit

Deribit: 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 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	−1.704%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2956	+0.158%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2952	+0.038%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0230%	4h	0.2953	+0.058%	$15.9M	$20.3M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0062%	4h	0.2954	+0.091%	$4.1M	$14.4M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2952	+0.012%	$591K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2951	long leg	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+0.066%	—	—	150x	as long as short
Variational Omni JUP	+0.0009%	4h	0.2947	−0.144%	$720K	$751K	—	as long as short
Gate JUP_USDT	+0.0016%	4h	0.2955	+0.125%	$731K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0017%	1h	0.2956	+0.176%	$39K	$29K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.017%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0088%	1h	0.2959	+0.268%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2956	+0.175%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2955	+0.125%	$781K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	+0.024%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	+0.075%	$600K	$600K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2956	+0.169%	$18.8M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.131%	$114K	$320K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	+0.135%	$16.3M	$46.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.514%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	+0.159%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	+0.159%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	+0.193%	$5.8M	$6.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	+0.125%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	+0.058%	$978K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2948	−0.111%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	+0.024%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	+0.234%	$94K	$110K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2953	+0.058%	$111K	$49K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.100%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.288%	$97K	$402K	10x	as long as short
Phemex JUPUSDT	+0.0243%	4h	0.2956	+0.159%	$2.9M	$3.6M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	+0.075%	$74K	$52K	50x	as long as short
Extended JUP-USD	+0.0328%	1h	0.2955	+0.116%	$2.2M	$488K	25x	as long as short