Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.035%

Price spread now: HTX against Hyperliquid−0.155%7-day average −0.323% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2282.282% of the position

Long on Hyperliquid Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.110%−$11 · spread now −0.155%, 7d avg −0.323%

Together, before fees−0.107%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.168% dearer against Hyperliquid than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.323%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2961	0.0100	pay 0.0013% / 1h	10m 39s	$18.8M	$10.7M	10x
Short	HTX JUP-USDT	0.2956	0.0100	get 0.0050% / 4h	2h 10m	$112K	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → −0.323%: $16.8
Slippage, 4 orders: −$207.19
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$211.39
Costs to cover: 2.282%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 2 min ago; HTX: live order book, 55 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, 2 min ago	1.18 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 55 min ago	11.66 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit

JUP on 35 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	−0.4347%	1h	0.2917	−1.473%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2956	−0.149%	$282K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2957	−0.129%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0156%	4h	0.2954	−0.216%	$15.8M	$19.7M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2961	+0.023%	$591K	$506K	20x	as long as short
OKX JUP-USDT-SWAP	−0.0011%	4h	0.2953	−0.257%	$4.1M	$13.4M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	−0.034%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2957	−0.113%	—	—	150x	as long as short
Variational Omni JUP	+0.0026%	4h	0.2953	−0.257%	$721K	$750K	—	as long as short
Gate JUP_USDT	+0.0056%	4h	0.2958	−0.088%	$738K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	−0.206%	—	—	20x	as long as short
dYdX JUP-USD	+0.0071%	1h	0.2960	−0.003%	$39K	$28K	5x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2955	−0.180%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	−0.098%	$782K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2955	−0.189%	$597K	$529K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2961	long leg	$18.8M	$10.7M	10x
Aster JUPUSDT	+0.0100%	4h	0.2959	−0.043%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	−0.195%	$16.3M	$44.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2956	−0.155%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	−0.155%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	−0.054%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	−0.122%	$5.7M	$6.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	−0.122%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2960	−0.017%	$980K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	−0.122%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	−0.189%	$157K	$288K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2959	−0.051%	$93K	$110K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2959	−0.054%	$31K	$43K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2956	−0.155%	$112K	$49K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2962	+0.047%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.054%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2958	−0.105%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2962	+0.057%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2961	+0.003%	$75K	$51K	50x	as long as short
Extended JUP-USD	+0.0472%	1h	0.2953	−0.256%	$2.2M	$487K	25x	as long as short