Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.047%

Price spread now: Hyperliquid against Aster+0.108%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$560.555% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.108%, 7d avg +0.081%

Together, before fees+0.017%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.027% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.2987	0.0100	pay 0.0050% / 4h	33m 19s	$116K	$363K	10x
Short	Hyperliquid JUP	0.2991	0.0172	get 0.0021% / 1h	33m 19s	$19.2M	$13.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.108%Rate

Funding earned: $15.08
Price spread: +0.108% → +0.081%: $2.7
Slippage, 4 orders: −$38.53
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$37.74
Costs to cover: 0.555%
Break-even: 24.5 days

Slippage from Aster: live order book, 44 min ago; Hyperliquid: live order book, 10 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 Aster live order book, 44 min ago	1.69 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.17 bp	9.5 bp −$10	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	−0.4371%	1h	0.2950	−1.253%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2987	−0.018%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2987	−0.014%	$602K	$604K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2987	−0.020%	$285K	$168K	10x	as long as short
Bybit JUPUSDT	0.0000%	4h	0.2982	−0.182%	$16.3M	$22.8M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2986	−0.051%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2988	+0.003%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2986	−0.038%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0056%	4h	0.2985	−0.081%	$748K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2984	−0.118%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0076%	1h	0.2987	−0.027%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0085%	8h	0.2985	−0.074%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2987	−0.031%	$798K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2986	−0.048%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2985	−0.073%	$615K	$659K	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2987	long leg	$116K	$363K	10x
Binance JUPUSDT	+0.0100%	4h	0.2986	−0.061%	$16.4M	$53.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2983	−0.148%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	−0.081%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2986	−0.048%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2987	−0.014%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2986	−0.048%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2985	−0.081%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2985	−0.071%	$988K	$244K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2984	−0.126%	$722K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	+0.053%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2988	+0.019%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2989	+0.070%	$95K	$129K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2983	−0.148%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2991	+0.120%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2982	−0.167%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0139%	4h	0.2987	−0.014%	$851K	$329K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2989	+0.046%	$97K	$479K	10x	as long as short
Hyperliquid JUPshort	+0.0172%	1h	0.2991	+0.108%	$19.2M	$13.1M	10x
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.434%	$75K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2982	−0.166%	$2.2M	$507K	25x	as long as short