Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.046%

Price spread now: Deribit against HTX+0.298%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.259%−$26 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.298% dearer against HTX than usual: you sell high and buy low (spread +0.298% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2952	0.0100	pay 0.0050% / 4h	54m 43s	$111K	$49K	20x
Short	Deribit JUP_USDC-PERPETUAL	0.2961	0	get 0.0000% / 1h	54m 43s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpFee DeribitbpOrdersPrice spread, now +0.298%Rate

Funding earned: −$21
Price spread: +0.298% → 0.000%: $29.81
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.19
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: HTX: live order book, 1 min ago; Deribit: no order-book sample. 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 HTX live order book, 1 min ago	11.84 bp	102.7 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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 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	−0.4661%	1h	0.2910	−1.423%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	+0.307%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2958	+0.194%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2961	+0.298%	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2962	+0.334%	—	—	150x	as long as short
dYdX JUP-USD	+0.0003%	1h	0.2960	+0.288%	$39K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	+0.229%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2961	+0.292%	$592K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2961	+0.301%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2954	+0.051%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2956	+0.152%	$597K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	+0.298%	$18.8M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.339%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	+0.219%	$16.3M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2956	+0.142%	$15.9M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2954	+0.068%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.034%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2959	+0.237%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	+0.237%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.305%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	+0.271%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	+0.169%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2962	+0.329%	$982K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	+0.271%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.117%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.237%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.325%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+0.305%	$31K	$42K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2952	long leg	$111K	$49K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.407%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	+0.324%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2965	+0.444%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2964	+0.420%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.112%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.305%	$848K	$385K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2960	+0.274%	$2.2M	$502K	25x	as long as short