Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.3608%/8h= +395.1% APRpaid last 24h +0.495%

Price spread now: HTX against Injective+1.202%7-day average +2.125% · you sell dearer than you buy

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.321%+$232 on $10k

Price spread, last 3 days (all we have)−0.760%−$76 · spread now +1.202%, 7d avg +2.125%

Together, before fees+1.561%+$156 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.923% cheaper against Injective than usual: you would sell low and buy high (spread +1.202% now, against its 7-day average of +2.125%). If the spread goes back, that is −$92 on $10k: about 20 hours of funding at the current rate (+$108 a day). At the pace of the last 7 days (+2.321% in total) that is about 2.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.321% in total (about 121.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective JUP/USDC PERP	0.2911	−0.3508	get 0.0439% / 1h	12m 28s	$3K	$206K	5.5x
Short	HTX JUP-USDT	0.2946	0.0100	get 0.0050% / 4h	1h 12m	$111K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +1.202%Rate

Funding earned: $757.69
Price spread: +1.202% → +2.125%: −$92.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $653.39
Costs to cover: 0.120%
Break-even: 1.0 days

Slippage unknown: Injective: live order book, 6 min ago; HTX: live order book, 3 min ago. 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 Injective live order book, 6 min ago	71.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	11.86 bp	114.0 bp −$114	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 PERPlong	−0.3508%	1h	0.2911	long leg	$3K	$206K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2955	+1.497%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2954	+1.484%	$281K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2954	+1.480%	$598K	$616K	20x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2954	+1.494%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2955	+1.498%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	+1.529%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0010%	4h	0.2953	+1.443%	$745K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	+1.463%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0071%	4h	0.2951	+1.384%	$16.1M	$23.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0076%	8h	0.2953	+1.442%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	+1.570%	$794K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2956	+1.537%	$611K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+1.640%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+1.524%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2954	+1.483%	$16.3M	$54.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2954	+1.477%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+1.649%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2955	+1.512%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2957	+1.580%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	+1.477%	$5.6M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	+1.477%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2954	+1.494%	$978K	$254K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2952	+1.396%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+1.580%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+1.546%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2959	+1.635%	$93K	$131K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2955	+1.512%	$31K	$49K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2946	+1.202%	$111K	$67K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2960	+1.683%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	+1.387%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0129%	1h	0.2957	+1.568%	$39K	$35K	5x	as long as short
BloFin JUP-USDT	+0.0148%	4h	0.2954	+1.477%	$844K	$327K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+1.676%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2951	+1.388%	$2.2M	$503K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2957	+1.594%	$74K	$94K	50x	as long as short