Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.049%

Price spread now: Hyperliquid against OKX+0.101%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.101%, 7d avg +0.115%

Together, before fees−0.009%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX JUP-USDT-SWAP	0.2956	0.0100	pay 0.0050% / 4h	56m 58s	$4.0M	$12.2M	50x
Short	Hyperliquid JUP	0.2959	0.0100	get 0.0013% / 1h	56m 58s	$18.8M	$9.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → +0.115%: −$1.37
Slippage, 4 orders: −$32.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$52.97
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Hyperliquid: live order book, 6 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 OKX live order book, 1 min ago	1.70 bp	16.1 bp −$16	56.6 bp −$566	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.86 bp	12.1 bp −$12	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	−0.4661%	1h	0.2910	−1.556%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	−0.097%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2939	−0.565%	$280K	$147K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2941	−0.491%	$38K	$26K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2954	−0.071%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	−0.105%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2946	−0.346%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2955	−0.025%	$591K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	+0.027%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2940	−0.527%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2944	−0.406%	$594K	$501K	10x	as long as short
Hyperliquid JUPshort	+0.0100%	1h	0.2959	+0.101%	$18.8M	$9.6M	10x
Aster JUPUSDT	+0.0100%	4h	0.2952	−0.120%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2953	−0.101%	$16.3M	$42.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2953	−0.101%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAPlong	+0.0100%	4h	0.2956	long leg	$4.0M	$12.2M	50x
Bulk JUP-USD	+0.0100%	1h	0.2953	−0.101%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2950	−0.203%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.135%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	−0.203%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	0.000%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.101%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2957	+0.041%	$981K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.274%	$720K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.216%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	−0.101%	$157K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2948	−0.260%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2954	−0.068%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.338%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0101%	4h	0.2958	+0.068%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	−0.049%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2943	−0.443%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2949	−0.250%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.247%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2953	−0.101%	$846K	$384K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2953	−0.116%	$2.2M	$502K	25x	as long as short