Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.065%

Price spread now: Extended against HTX+0.059%7-day average +0.141% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2472.468% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.718%+$72 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.059%, 7d avg +0.141%

Together, before fees+0.500%+ Points / potential airdropExtended: Active · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.083% cheaper against HTX than usual: you would sell low and buy high (spread +0.059% now, against its 7-day average of +0.141%). If the spread goes back, that is −$8 on $10k: about 22 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2974	0.0100	pay 0.0050% / 4h	1h 20m	$112K	$47K	20x
Short	Extended JUP-USD	0.2976	0.0400	get 0.0050% / 1h	20m 37s	$2.2M	$495K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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 HTXbpFee ExtendedbpOrdersPrice spread, now +0.059%Rate

Funding earned: $63
Price spread: +0.059% → +0.141%: −$8.28
Slippage, 4 orders: −$229.8
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$192.08
Costs to cover: 2.468%
Break-even: 28.3 days

Slippage from HTX: live order book, 40 min ago; Extended: live order book, 3 min ago.

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, 40 min ago	10.20 bp	92.9 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	5.05 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit

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	0.2918	−1.883%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2981	+0.221%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2979	+0.177%	$284K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2981	+0.235%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2980	+0.210%	—	—	150x	as long as short
Bybit JUPUSDT	+0.0054%	4h	0.2976	+0.074%	$16.0M	$19.0M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2981	+0.235%	—	—	20x	as long as short
OKX JUP-USDT-SWAP	+0.0093%	4h	0.2976	+0.067%	$4.1M	$12.4M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2983	+0.299%	$788K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2977	+0.106%	$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	0.2979	+0.185%	$602K	$506K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2984	+0.346%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2981	+0.242%	$115K	$297K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2980	+0.200%	$16.4M	$42.7M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2958	−0.538%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2981	+0.235%	$743K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2979	+0.168%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2981	+0.235%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2980	+0.202%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2979	+0.168%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	+0.262%	$990K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2977	+0.099%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2973	−0.034%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2971	−0.101%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	+0.306%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2981	+0.235%	$31K	$42K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2974	long leg	$112K	$47K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2985	+0.370%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	+0.151%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0116%	1h	0.2980	+0.215%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2980	+0.216%	$596K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2980	+0.195%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2979	+0.178%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2979	+0.185%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2978	+0.134%	$845K	$382K	50x	as long as short
Extended JUP-USDshort	+0.0400%	1h	0.2976	+0.059%	$2.2M	$495K	25x