Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.045%

Price spread now: Deribit against HTX+0.056%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.257%−$26 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.056% dearer against HTX than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.3015	0.0100	pay 0.0050% / 4h	3h 10m	$113K	$54K	20x
Short	Deribit JUP_USDC-PERPETUAL	0.3017	−0.0048	pay 0.0006% / 1h	10m 12s	$55K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpFee DeribitbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$31.13
Price spread: +0.056% → 0.000%: $5.64
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$44.49
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 61 min ago; Deribit: no order-book sample. Net counts fees only.

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 HTX live order book, 61 min ago	18.55 bp	124.0 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.4634%	1h	0.2985	−0.995%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3021	+0.191%	$288K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3018	+0.114%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3015	−0.011%	$607K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0048%	1h	0.3017	+0.056%	$55K	$16K	10x
01 Exchange JUPUSD	−0.0048%	1h	0.3021	+0.199%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0033%	4h	0.3012	−0.100%	$4.1M	$15.7M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3019	+0.144%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0046%	1h	0.3018	+0.116%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3017	+0.051%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0080%	8h	0.3021	+0.206%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3017	+0.073%	$756K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3017	+0.066%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3019	+0.141%	$624K	$626K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3020	+0.163%	$19.4M	$11.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3021	+0.198%	$116K	$328K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3015	−0.007%	$16.6M	$48.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3013	−0.080%	$16.5M	$20.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.464%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3017	+0.066%	$758K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3015	0.000%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3016	+0.033%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3017	+0.066%	$5.9M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3015	0.000%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3016	+0.033%	$998K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3010	−0.166%	$728K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3023	+0.265%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3016	+0.033%	$160K	$308K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3021	+0.209%	$95K	$111K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.3015	long leg	$113K	$54K	20x
Phemex JUPUSDT	+0.0100%	4h	0.3021	+0.199%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3012	−0.089%	$2.2M	$490K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3013	−0.068%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3019	+0.136%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3019	+0.136%	$75K	$60K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3014	−0.033%	$853K	$358K	50x	as long as short