Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%

Price spread now: Binance against Hyperliquid−0.098%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.098%, 7d avg −0.085%

Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2954	0.0100	pay 0.0013% / 1h	42m 49s	$18.8M	$10.1M	10x
Short	Binance JUPUSDT	0.2951	0.0100	get 0.0050% / 4h	1h 42m	$16.3M	$43.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → −0.085%: −$1.27
Slippage, 4 orders: −$23.24
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.51
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Binance: live order book, 14 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, 10 min ago	0.85 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.70 bp	10.7 bp −$11	25.8 bp −$258	135.3 bp −$13.5K	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	−0.5000%	1h	0.2904	−1.689%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2948	−0.198%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2945	−0.294%	$281K	$147K	10x	as long as short
Bybit JUPUSDT	−0.0021%	4h	0.2948	−0.196%	$15.8M	$19.3M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0020%	1h	0.2951	−0.108%	$979K	$231K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2949	−0.149%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	−0.225%	—	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0022%	4h	0.2952	−0.064%	$4.1M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2946	−0.259%	—	—	20x	as long as short
dYdX JUP-USD	+0.0060%	1h	0.2943	−0.353%	$38K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0076%	4h	0.2933	−0.691%	$715K	$698K	—	as long as short
Lighter JUP	+0.0096%	1h	0.2952	−0.068%	$781K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2948	−0.197%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2945	−0.293%	$596K	$511K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2954	long leg	$18.8M	$10.1M	10x
Aster JUPUSDT	+0.0100%	4h	0.2949	−0.166%	$114K	$298K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2951	−0.098%	$16.3M	$43.5M	75x
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.517%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2946	−0.267%	$736K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2951	−0.098%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2948	−0.200%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2951	−0.098%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	−0.200%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	−0.673%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2937	−0.572%	$156K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	−0.135%	$93K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2949	−0.166%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2940	−0.471%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2948	−0.200%	$2.9M	$3.4M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2947	−0.219%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2950	−0.132%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2950	−0.137%	$589K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2945	−0.288%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2937	−0.579%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2948	−0.200%	$843K	$369K	50x	as long as short
Extended JUP-USD	+0.0352%	1h	0.2950	−0.116%	$2.2M	$491K	25x	as long as short