Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0718%/8h= −78.7% APRpaid last 24h −0.100%

Price spread now: GMX against HTX+0.183%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 GMX

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

The price spread pays, funding is against you. GMX is 0.183% dearer against HTX than usual: you sell high and buy low (spread +0.183% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2946	0.0100	pay 0.0050% / 4h	4m 39s	$111K	$45K	20x
Short	GMX JUP/USD [WBTC.b-USDC]	0.2951	L −0.0275% / S +0.0618%	pay 0.0077% / 1h	4m 39s	$16K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.183%Rate

Funding earned: −$150.85
Price spread: +0.183% → 0.000%: $18.26
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$156.59
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 51 min ago; GMX: 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, 51 min ago	11.84 bp	102.7 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.4661%	1h	0.2920	−0.883%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]short	L −0.0275% / S +0.0618%	1h	0.2951	+0.183%	$16K	—	100x
Pacifica JUP	−0.0125%	1h	0.2949	+0.088%	$281K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2951	+0.173%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2951	+0.160%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2953	+0.223%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2949	+0.111%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2951	+0.180%	$591K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2952	+0.214%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2948	+0.081%	$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	0.2949	+0.119%	$600K	$490K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	+0.193%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2951	+0.170%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	+0.129%	$16.2M	$40.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2947	+0.034%	$15.8M	$18.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2949	+0.102%	$4.0M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	+0.091%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2949	+0.102%	$730K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2950	+0.136%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	+0.136%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2951	+0.170%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	+0.068%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2951	+0.170%	$975K	$234K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2945	−0.034%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	+0.225%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	+0.204%	$157K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.367%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2950	+0.136%	$30K	$41K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2946	long leg	$111K	$45K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2955	+0.305%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2950	+0.145%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2950	+0.136%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.818%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	+0.173%	$97K	$304K	10x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2948	+0.082%	$2.2M	$498K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2950	+0.136%	$835K	$375K	50x	as long as short