Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0289%/8h= +31.7% APRpaid last 24h +0.030%

Price spread now: Kraken Futures against HTX+0.358%7-day average +0.311% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2582.578% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.660%+$66 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.358%, 7d avg +0.311%

Together, before fees+0.675%+$68 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.047% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.311%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2957	0.0100	pay 0.0050% / 4h	2h 17m	$112K	$50K	20x
Short	Kraken Futures PF_JUPUSD	0.2968	0.0389	get 0.0049% / 1h	17m 59s	$584K	$387K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.358%Rate

Funding earned: $60.75
Price spread: +0.358% → +0.311%: $4.69
Slippage, 4 orders: −$235.83
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$192.39
Costs to cover: 2.578%
Break-even: 29.2 days

Slippage from HTX: live order book, 31 min ago; Kraken Futures: live order book, 33 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 HTX live order book, 31 min ago	6.74 bp	110.1 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 33 min ago	16.76 bp	25.8 bp −$26	80.6 bp −$806	doesn't fit	doesn't fit

JUP on 36 exchanges

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	−0.3614%	1h	0.3020	+2.131%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2962	+0.174%	$16K	—	100x	as long as short
Pacifica JUP	−0.0028%	1h	0.2962	+0.157%	$282K	$130K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2962	+0.183%	$39K	$13K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2965	+0.264%	$55K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2962	+0.179%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0051%	1h	0.2964	+0.237%	$163K	$235K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	+0.199%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.308%	$762K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2961	+0.134%	$9K	$11K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2964	+0.245%	$576K	$478K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2967	+0.345%	$18.3M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	+0.237%	$101K	$293K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2962	+0.184%	$16.3M	$37.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2961	+0.139%	$16.1M	$16.6M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	+0.169%	$4.1M	$9.9M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2962	+0.169%	$708K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	+0.203%	$8.0M	$5.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.203%	$4.0M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2964	+0.237%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	+0.169%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2964	+0.227%	$983K	$231K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2963	+0.199%	$717K	$462K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+0.110%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.338%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2965	+0.271%	$33K	$29K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2957	long leg	$112K	$50K	20x
Bulk JUP-USD	+0.0100%	1h	0.2964	+0.254%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2961	+0.123%	$2.2M	$548K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2964	+0.220%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2966	+0.298%	$26K	$2K	5x	as long as short
Phemex JUPUSDT	+0.0204%	4h	0.2969	+0.406%	$2.9M	$2.8M	50x	as long as short
Phoenix JUP	+0.0318%	1h	0.2969	+0.409%	$98K	$265K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2962	+0.169%	$829K	$371K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0360%	1h	0.2972	+0.514%	$82K	$56K	50x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0389%	1h	0.2968	+0.358%	$584K	$387K	20x