Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: HTX against Phemex−0.269%7-day average −0.378% · you buy dearer than you sell

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2782.775% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now −0.269%, 7d avg −0.378%

Together, before fees−0.091%−$9 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 0.109% dearer against Phemex than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.378%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.2969	0.0100	pay 0.0050% / 4h	2h 30m	$2.9M	$4.1M	50x
Short	HTX JUP-USDT	0.2961	0.0100	get 0.0050% / 4h	2h 30m	$111K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.269%Rate

Funding earned: $0
Price spread: −0.269% → −0.378%: $10.86
Slippage, 4 orders: −$253.52
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$266.65
Costs to cover: 2.775%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; HTX: live order book, 55 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 Phemex live order book, 3 min ago	3.37 bp	20.5 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 55 min ago	11.76 bp	110.3 bp −$110	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	0.2930	−1.314%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0818% / S +0.0280%	1h	0.2967	−0.063%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0261%	4h	0.2964	−0.182%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0087%	1h	0.2967	−0.057%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2970	+0.020%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2968	−0.044%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2967	−0.075%	$601K	$624K	20x	as long as short
Gate JUP_USDT	+0.0012%	4h	0.2963	−0.202%	$739K	$1.9M	75x	as long as short
dYdX JUP-USD	+0.0037%	1h	0.2966	−0.106%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2968	−0.037%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2964	−0.164%	—	—	20x	as long as short
Variational Omni JUP	+0.0087%	4h	0.2962	−0.223%	$724K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2967	−0.077%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2969	−0.013%	$878K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2967	−0.067%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2964	−0.160%	$598K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2970	+0.033%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	−0.092%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2966	−0.091%	$283K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2965	−0.121%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2965	−0.135%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2966	−0.101%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	−0.067%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2964	−0.168%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2965	−0.135%	—	$21.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2966	−0.098%	$983K	$267K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.109%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.101%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	+0.030%	$93K	$138K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2961	−0.269%	$111K	$69K	20x
Phemex JUPUSDTlong	+0.0100%	4h	0.2969	long leg	$2.9M	$4.1M	50x
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.259%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2964	−0.157%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0132%	4h	0.2962	−0.236%	$861K	$328K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.630%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2964	−0.181%	$2.2M	$539K	25x	as long as short