Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: HTX against gTrade (Gains Network)−0.359%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 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 0.359% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.359% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 12 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.2980	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	27m 11s	$17K	—	150x
Short	HTX JUP-USDT	0.2969	0.0100	get 0.0050% / 4h	2h 27m	$111K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now −0.359%Rate

Funding earned: $20.66
Price spread: −0.359% → 0.000%: −$35.91
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.25
Costs to cover: 0.220%
Break-even: 19.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 58 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 58 min ago	11.76 bp	110.3 bp −$110	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.5000%	1h	0.2933	−1.567%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0829% / S +0.0284%	1h	0.2980	+0.020%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0210%	4h	0.2977	−0.091%	$16.3M	$24.2M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2977	−0.101%	$95K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2980	+0.003%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0002% / S −0.0001%	1h	0.2980	long leg	$17K	—	150x
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2980	+0.003%	$604K	$624K	20x	as long as short
dYdX JUP-USD	+0.0035%	1h	0.2977	−0.095%	$39K	$36K	5x	as long as short
Gate JUP_USDT	+0.0040%	4h	0.2976	−0.124%	$742K	$1.9M	75x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2981	+0.050%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2978	−0.069%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0079%	4h	0.2977	−0.091%	$859K	$330K	50x	as long as short
Variational Omni JUP	+0.0087%	4h	0.2962	−0.582%	$724K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2978	−0.073%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2982	+0.081%	$880K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2980	+0.010%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2978	−0.065%	$601K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2983	+0.094%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2979	−0.018%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2977	−0.103%	$284K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2979	−0.021%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2979	−0.023%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2979	−0.023%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2980	+0.010%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2977	−0.091%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2978	−0.057%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2981	+0.034%	$988K	$268K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.476%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.460%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	+0.117%	$94K	$139K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2969	−0.359%	$111K	$69K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2981	+0.044%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.617%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2977	−0.091%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2977	−0.077%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2984	+0.131%	$74K	$95K	50x	as long as short