Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.032%

Price spread now: Paradex against Hyperliquid+0.025%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.025% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2937	0.0100	pay 0.0013% / 1h	45m 41s	$18.6M	$10.1M	10x
Short	Paradex JUP-USD-PERP	0.2937	0.0096	get 0.0096% / 8h	5h 45m	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$0.84
Price spread: +0.025% → 0.000%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.38
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; Paradex: 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 Hyperliquid live order book, 7 min ago	0.85 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.5000%	1h	0.2904	−1.113%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2936	−0.019%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2935	−0.065%	$280K	$147K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0106%	1h	0.2935	−0.072%	$974K	$231K	10x	as long as short
Bybit JUPUSDT	−0.0021%	4h	0.2934	−0.092%	$15.7M	$19.3M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2937	+0.017%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2936	−0.029%	—	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0012%	4h	0.2937	+0.010%	$4.0M	$12.5M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2935	−0.049%	—	—	20x	as long as short
dYdX JUP-USD	+0.0069%	1h	0.2934	−0.077%	$38K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0076%	4h	0.2933	−0.109%	$715K	$698K	—	as long as short
Paradex JUP-USD-PERPshort	+0.0096%	8h	0.2937	+0.025%	$9K	$11K	10x
Lighter JUP	+0.0096%	1h	0.2938	+0.058%	$777K	$1.1M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2935	−0.049%	$593K	$509K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2937	long leg	$18.6M	$10.1M	10x
Aster JUPUSDT	+0.0100%	4h	0.2935	−0.059%	$113K	$299K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2936	−0.024%	$16.2M	$43.5M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2939	+0.066%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2934	−0.092%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.092%	$7.4M	$6.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2937	+0.010%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2937	+0.010%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2939	+0.078%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.487%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2936	−0.024%	$156K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2939	+0.082%	$93K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2937	+0.010%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2929	−0.262%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2938	+0.044%	$2.9M	$3.4M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2936	−0.023%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2936	−0.027%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0202%	1h	0.2936	−0.034%	$586K	$497K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2934	−0.089%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2943	+0.211%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2931	−0.194%	—	$355K	50x	as long as short
Extended JUP-USD	+0.0368%	1h	0.2938	+0.053%	$2.2M	$490K	25x	as long as short