Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0907%/8h= +99.3% APRpaid last 24h +0.156%

Price spread now: HTX against GMX−0.302%7-day average — · you buy dearer than you sell

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

Long on GMX 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 0.302% cheaper against GMX than usual: you would sell low and buy high (spread −0.302% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 27 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JUP/USD [WBTC.b-USDC]	0.2964	L −0.0807% / S +0.0277%	get 0.0101% / 1h	33m 15s	$13K	—	100x
Short	HTX JUP-USDT	0.2955	0.0100	get 0.0050% / 4h	2h 33m	$111K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now −0.302%Rate

Funding earned: $190.41
Price spread: −0.302% → 0.000%: −$30.2
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: $136.21
Costs to cover: 0.240%
Break-even: 2.0 days

Slippage unknown: GMX: no order-book sample; HTX: live order book, 52 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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 52 min ago	11.76 bp	110.3 bp −$110	doesn't fit	doesn't fit	doesn't fit

GMX: 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	0.2930	−1.145%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]long	L −0.0807% / S +0.0277%	1h	0.2964	long leg	$13K	—	100x
Bybit JUPUSDT	−0.0244%	4h	0.2963	−0.046%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0155%	1h	0.2964	−0.002%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2970	+0.191%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2965	+0.024%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2964	+0.006%	$601K	$624K	20x	as long as short
Gate JUP_USDT	+0.0016%	4h	0.2963	−0.032%	$739K	$1.9M	75x	as long as short
dYdX JUP-USD	+0.0041%	1h	0.2966	+0.065%	$39K	$36K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	−0.078%	—	—	20x	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	+0.0072%	1h	0.2966	+0.062%	$26K	$19K	5x	as long as short
Variational Omni JUP	+0.0090%	4h	0.2959	−0.154%	$724K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2965	+0.022%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.066%	$879K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2965	+0.035%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	−0.066%	$598K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.046%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	+0.061%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2966	+0.059%	$283K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2963	−0.032%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2961	−0.100%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	−0.032%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2966	+0.069%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2964	+0.002%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2964	+0.002%	—	$21.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	−0.039%	$982K	$267K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	+0.061%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2965	+0.035%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.116%	$94K	$138K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2955	−0.302%	$111K	$69K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2966	+0.069%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.052%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	−0.083%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0123%	4h	0.2961	−0.100%	$860K	$328K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.801%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2961	−0.094%	$2.2M	$539K	25x	as long as short