Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −1.222%

Price spread now: HTX against dYdX−0.191%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.191% cheaper against dYdX than usual: you would sell low and buy high (spread −0.191% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 18 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.2953	0.0065	pay 0.0008% / 1h	37m 01s	$39K	$35K	5x
Short	HTX JUP-USDT	0.2947	0.0100	get 0.0050% / 4h	1h 37m	$111K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now −0.191%Rate

Funding earned: $7.37
Price spread: −0.191% → 0.000%: −$19.12
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$33.75
Costs to cover: 0.220%
Break-even: 39.1 days

Slippage unknown: dYdX: no order-book sample; HTX: live order book, 44 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 dYdX no order-book sample	—	—	—	—	—
Sell HTX live order book, 44 min ago	8.42 bp	117.9 bp −$118	doesn't fit	doesn't fit	doesn't fit

dYdX: 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	0.2918	−1.173%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0541% / S +0.0374%	1h	0.2948	−0.151%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2948	−0.141%	$281K	$172K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0259%	1h	0.2947	−0.188%	$56K	$14K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2947	−0.175%	$598K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0096%	1h	0.2948	−0.174%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0014%	4h	0.2945	−0.259%	$733K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2950	−0.106%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0035%	4h	0.2944	−0.293%	$16.1M	$23.8M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2945	−0.255%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USDlong	+0.0065%	1h	0.2953	long leg	$39K	$35K	5x
Paradex JUP-USD-PERP	+0.0066%	8h	0.2947	−0.191%	$9K	$15K	10x	as long as short
BloFin JUP-USDT	+0.0070%	4h	0.2948	−0.157%	$847K	$327K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	−0.144%	$790K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2947	−0.200%	$612K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	−0.025%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2950	−0.095%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	−0.241%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2945	−0.259%	$4.0M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	−0.225%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	−0.090%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	−0.225%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	−0.225%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2947	−0.188%	$975K	$260K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2955	+0.085%	$714K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.147%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2959	+0.215%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2952	−0.035%	$93K	$136K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	−0.157%	$31K	$51K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2947	−0.191%	$111K	$69K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2951	−0.056%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.147%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2944	−0.284%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2943	−0.312%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2959	+0.208%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.248%	$74K	$94K	50x	as long as short