Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.055%

Price spread now: Aster against Hyperliquid−0.142%7-day average −0.081% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.142%, 7d avg −0.081%

Together, before fees+0.023%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$2 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: Aster is 0.061% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it 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	Hyperliquid JUP	0.2971	0.0100	pay 0.0013% / 1h	54m 40s	$19.0M	$13.9M	10x
Short	Aster JUPUSDT	0.2966	0.0100	get 0.0050% / 4h	1h 54m	$106K	$367K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.081%: −$6.11
Slippage, 4 orders: −$39.14
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$62.25
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Aster: live order book, 27 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 Hyperliquid live order book, 8 min ago	1.69 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 27 min ago	3.35 bp	15.1 bp −$15	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	−0.3508%	1h	0.2922	−1.636%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0970% / S +0.0358%	1h	0.2967	−0.116%	$13K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2967	−0.123%	$283K	$177K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2968	−0.103%	$602K	$623K	20x	as long as short
01 Exchange JUPUSD	−0.0088%	1h	0.2967	−0.138%	$26K	$19K	5x	as long as short
Bybit JUPUSDT	−0.0086%	4h	0.2963	−0.263%	$16.2M	$23.9M	50x	as long as short
Gate JUP_USDT	−0.0028%	4h	0.2965	−0.189%	$737K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2956	−0.488%	$95K	$441K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2968	−0.088%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2967	−0.120%	$17K	—	150x	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	0.2966	−0.145%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0070%	8h	0.2965	−0.186%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0074%	4h	0.2956	−0.483%	$721K	$1.1M	—	as long as short
Lighter JUP	+0.0096%	1h	0.2968	−0.074%	$815K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2965	−0.172%	$614K	$677K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2971	long leg	$19.0M	$13.9M	10x
Aster JUPUSDTshort	+0.0100%	4h	0.2966	−0.142%	$106K	$367K	10x
Binance JUPUSDT	+0.0100%	4h	0.2966	−0.147%	$16.4M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	−0.290%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2966	−0.155%	$8.0M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2968	−0.088%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2966	−0.155%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2966	−0.155%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2968	−0.091%	$982K	$263K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	−0.597%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2951	−0.660%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2971	+0.024%	$94K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2968	−0.088%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.357%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2969	−0.054%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.559%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2964	−0.239%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2965	−0.172%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0107%	4h	0.2968	−0.088%	$854K	$333K	50x	as long as short
dYdX JUP-USD	+0.0142%	1h	0.2968	−0.098%	$39K	$35K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+0.636%	$74K	$94K	50x	as long as short