Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h +0.057%

Price spread now: Kraken Futures against HTX+0.294%7-day average +0.320% · you sell dearer than you buy

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$278as in the Price arb table

costs, in and out, $10k−$2762.758% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.642%+$64 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.294%, 7d avg +0.320%

Together, before fees+0.712%+$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.026% cheaper against HTX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.320%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.642%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2977	0.0100	pay 0.0050% / 4h	30m 28s	$112K	$66K	20x
Short	Kraken Futures PF_JUPUSD	0.2986	−0.0208	pay 0.0026% / 1h	30m 28s	$602K	$601K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.294%Rate

Funding earned: −$64.72
Price spread: +0.294% → +0.320%: −$2.58
Slippage, 4 orders: −$253.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$343.14
Costs to cover: 2.758%
Break-even: never at this rate

Slippage from HTX: live order book, 45 min ago; Kraken Futures: live order book, 48 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, 45 min ago	11.86 bp	115.2 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 48 min ago	11.84 bp	21.0 bp −$21	69.6 bp −$696	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	−0.4371%	1h	0.2950	−0.907%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2982	+0.156%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSDshort	−0.0208%	1h	0.2986	+0.294%	$602K	$601K	20x
Pacifica JUP	−0.0199%	1h	0.2980	+0.101%	$284K	$168K	10x	as long as short
Bybit JUPUSDT	−0.0029%	4h	0.2977	+0.010%	$16.2M	$22.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2983	+0.191%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2983	+0.201%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0032%	1h	0.2981	+0.131%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0048%	4h	0.2980	+0.101%	$746K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2978	+0.030%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0071%	1h	0.2984	+0.237%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2980	+0.113%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2984	+0.218%	$797K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2982	+0.168%	$31K	$48K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	+0.039%	$721K	$941K	—	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2978	+0.042%	$614K	$658K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2984	+0.230%	$116K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2981	+0.134%	$16.4M	$53.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2978	+0.034%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	+0.137%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2981	+0.134%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	+0.235%	$4.2M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2979	+0.067%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2980	+0.101%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	+0.181%	$987K	$244K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2987	+0.334%	$1.7M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2987	+0.336%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2984	+0.252%	$94K	$128K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2977	long leg	$112K	$66K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2989	+0.403%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	+0.059%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0131%	4h	0.2980	+0.101%	$846K	$329K	50x	as long as short
Hyperliquid JUP	+0.0149%	1h	0.2985	+0.275%	$19.2M	$13.1M	10x	as long as short
Phoenix JUP	+0.0162%	1h	0.2989	+0.396%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2978	+0.025%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.786%	$75K	$93K	50x	as long as short