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 BingX−0.103%7-day average −0.200% · you buy dearer than you sell

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$232as in the Price arb table

costs, in and out, $10k−$2412.412% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.103%, 7d avg −0.200%

Together, before fees−0.029%−$3 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 0.097% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.200%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2909	0.0100	pay 0.0050% / 4h	2h 33m	—	$20.7M	—
Short	HTX JUP-USDT	0.2906	0.0100	get 0.0050% / 4h	2h 33m	$109K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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 BingXbpFee HTXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.200%: $9.68
Slippage, 4 orders: −$219.25
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$231.57
Costs to cover: 2.412%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; HTX: live order book, 12 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 BingX live order book, 5 min ago	1.71 bp	7.6 bp −$8	12.1 bp −$121	24.9 bp −$2,488	157.6 bp −$78.8K
Sell HTX live order book, 12 min ago	6.80 bp	116.7 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	−0.4499%	1h	0.2910	+0.034%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2911	+0.085%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2914	+0.164%	$278K	$145K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2911	+0.072%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2912	+0.099%	—	—	150x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2917	+0.259%	$39K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2911	+0.053%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2914	+0.162%	$768K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2914	+0.160%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2914	+0.172%	$577K	$493K	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	0.2910	+0.045%	$18.3M	$8.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2911	+0.071%	$108K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2907	−0.054%	$15.9M	$39.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2905	−0.144%	$15.7M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2907	−0.069%	$4.0M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2938	+0.997%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2910	+0.034%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2909	0.000%	$7.0M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2912	+0.103%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2908	−0.034%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2909	long leg	—	$20.7M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2911	+0.055%	$962K	$189K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2917	+0.277%	$712K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2919	+0.354%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2917	+0.275%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2916	+0.251%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2912	+0.103%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2906	−0.103%	$109K	$44K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2909	+0.010%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0115%	4h	0.2917	+0.275%	$2.9M	$3.0M	50x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2915	+0.196%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0176%	1h	0.2907	−0.061%	$2.2M	$524K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0259%	1h	0.2912	+0.120%	$578K	$458K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2921	+0.409%	$98K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+2.021%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2922	+0.447%	$833K	$377K	50x	as long as short