Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against KuCoin−0.274%7-day average −0.249% · you buy dearer than you sell

Net, funding: paid 7d − costs−$299as in the Funding arb table

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$3063.058% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.274%, 7d avg −0.249%

Together, before fees+0.141%+$14 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 0.025% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.249%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2919	0.0100	pay 0.0050% / 4h	1h 33m	$4.0M	$6.7M	50x
Short	HTX JUP-USDT	0.2911	0.0100	get 0.0050% / 4h	1h 33m	$109K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now −0.274%Rate

Funding earned: $0
Price spread: −0.274% → −0.249%: −$2.46
Slippage, 4 orders: −$281.83
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$308.29
Costs to cover: 3.058%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; HTX: live order book, 8 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 KuCoin live order book, 5 min ago	6.83 bp	45.0 bp −$45	120.7 bp −$1,207	doesn't fit	doesn't fit
Sell HTX live order book, 8 min ago	11.96 bp	117.4 bp −$117	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	−0.5000%	1h	0.2900	−0.651%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2917	−0.062%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2918	−0.044%	$278K	$140K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2918	−0.024%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2917	−0.057%	—	—	150x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2916	−0.120%	$39K	$18K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2918	−0.024%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2920	+0.041%	$757K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2918	−0.020%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2917	−0.069%	$572K	$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	0.2920	+0.045%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2916	−0.086%	$105K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2918	−0.042%	$16.0M	$39.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2916	−0.103%	$15.8M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2918	−0.034%	$4.0M	$10.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2928	+0.308%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2918	−0.034%	$697K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2917	−0.069%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2919	long leg	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2919	0.000%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2918	−0.034%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2917	−0.055%	$965K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2917	−0.069%	$708K	$624K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2927	+0.262%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2924	+0.171%	$161K	$256K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2921	+0.065%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2917	−0.069%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2911	−0.274%	$109K	$44K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2917	−0.086%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2920	+0.051%	$26K	$6K	5x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2917	−0.058%	$2.2M	$572K	25x	as long as short
Phoenix JUP	+0.0244%	1h	0.2929	+0.356%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.737%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2918	−0.034%	$822K	$376K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0377%	1h	0.2919	+0.008%	$576K	$419K	20x	as long as short
Phemex JUPUSDT	+0.0562%	4h	0.2923	+0.137%	$2.9M	$3.0M	50x	as long as short