Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0317%/8h= −34.7% APRpaid last 24h −0.027%

Price spread now: HTX against Kraken Futures−0.298%7-day average −0.313% · you buy dearer than you sell

Net, funding: paid 7d − costs−$352as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2862.859% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.656%−$66 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.298%, 7d avg −0.313%

Together, before fees−0.720%−$72 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.313%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2905	0.0417	pay 0.0052% / 1h	23m 21s	$572K	$418K	20x
Short	HTX JUP-USDT	0.2896	0.0100	get 0.0050% / 4h	23m 21s	$109K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Kraken Futures. 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 Kraken FuturesbpFee HTXbpOrdersPrice spread, now −0.298%Rate

Funding earned: −$66.52
Price spread: −0.298% → −0.313%: $1.5
Slippage, 4 orders: −$263.91
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$350.93
Costs to cover: 2.859%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 15 min ago; HTX: live order book, 13 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 Kraken Futures live order book, 15 min ago	20.56 bp	29.2 bp −$29	133.6 bp −$1,336	doesn't fit	doesn't fit
Sell HTX live order book, 13 min ago	12.03 bp	113.3 bp −$113	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	−0.3836%	1h	0.2880	−0.849%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2903	−0.049%	$16K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0060%	1h	0.2903	−0.068%	$52K	$17K	10x	as long as short
Pacifica JUP	−0.0058%	1h	0.2902	−0.096%	$277K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2907	+0.090%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0021%	1h	0.2901	−0.111%	$38K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2906	+0.044%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2904	−0.020%	$752K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2900	−0.155%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2904	−0.006%	$571K	$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 JUP	+0.0100%	1h	0.2909	+0.135%	$17.9M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2906	+0.036%	$99K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2907	+0.086%	$16.0M	$39.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2905	+0.011%	$15.7M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2907	+0.080%	$4.0M	$10.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.142%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2902	−0.092%	$692K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2907	+0.080%	$6.8M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2906	+0.046%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2907	+0.080%	$5.7M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2905	+0.011%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2903	−0.064%	$960K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2904	−0.007%	$705K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2907	+0.079%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2906	+0.046%	$160K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2908	+0.128%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2907	+0.080%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2896	−0.298%	$109K	$42K	20x
Extended JUP-USD	+0.0104%	1h	0.2904	−0.015%	$2.2M	$579K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2902	−0.100%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2906	+0.039%	$26K	$3K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2927	+0.755%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2908	+0.115%	$817K	$369K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2908	+0.097%	$104K	$284K	10x	as long as short
Phemex JUPUSDT	+0.0357%	4h	0.2907	+0.080%	$2.8M	$3.0M	50x	as long as short
Kraken Futures PF_JUPUSDlong	+0.0417%	1h	0.2905	long leg	$572K	$418K	20x