Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%

Price spread now: Aster against Hyperliquid−0.066%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.066%, 7d avg −0.078%

Together, before fees−0.058%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2912	0.0100	pay 0.0013% / 1h	32m 53s	$18.3M	$8.7M	10x
Short	Aster JUPUSDT	0.2910	0.0100	get 0.0050% / 4h	2h 32m	$108K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.078%: $1.25
Slippage, 4 orders: −$44.06
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$59.8
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Aster: live order book, 14 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 Hyperliquid live order book, 10 min ago	0.17 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 14 min ago	3.39 bp	20.5 bp −$21	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	−0.4499%	1h	0.2910	−0.083%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2908	−0.135%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2908	−0.149%	$277K	$145K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2910	−0.096%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2909	−0.107%	—	—	150x	as long as short
dYdX JUP-USD	+0.0015%	1h	0.2910	−0.098%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2909	−0.124%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2912	−0.014%	$768K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2908	−0.157%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2908	−0.151%	$576K	$492K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUPlong	+0.0100%	1h	0.2912	long leg	$18.3M	$8.7M	10x
Aster JUPUSDTshort	+0.0100%	4h	0.2910	−0.066%	$108K	$270K	10x
Binance JUPUSDT	+0.0100%	4h	0.2909	−0.117%	$15.9M	$39.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2907	−0.186%	$15.7M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2910	−0.083%	$4.0M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2938	+0.879%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2909	−0.117%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2910	−0.083%	$7.0M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2910	−0.083%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2911	−0.048%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2909	−0.117%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2909	−0.100%	$962K	$189K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2917	+0.159%	$712K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2919	+0.236%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2923	+0.364%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2911	−0.035%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2910	−0.083%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2903	−0.323%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2907	−0.181%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2910	−0.076%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0168%	1h	0.2909	−0.118%	$2.2M	$524K	25x	as long as short
Phemex JUPUSDT	+0.0184%	4h	0.2913	+0.020%	$2.9M	$3.0M	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0259%	1h	0.2911	−0.051%	$578K	$460K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2921	+0.292%	$99K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+1.902%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2907	−0.186%	$826K	$375K	50x	as long as short