Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%

Price spread now: Orderly against Hyperliquid−0.065%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.065% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2942	0.0100	pay 0.0013% / 1h	52m 03s	$18.7M	$9.5M	10x
Short	Orderly PERP_JUP_USDC	0.2940	0.0100	get 0.0050% / 4h	52m 03s	$31K	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Hyperliquid. 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 HyperliquidbpFee OrderlybpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → 0.000%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$21.46
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; Orderly: 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 Hyperliquid live order book, 11 min ago	1.86 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.4661%	1h	0.2910	−1.084%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2940	−0.053%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2941	−0.024%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0124%	1h	0.2940	−0.075%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2941	−0.023%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2942	+0.020%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2939	−0.098%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2941	−0.017%	$778K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2940	−0.066%	$588K	$489K	20x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2939	−0.104%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2938	−0.116%	$593K	$502K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2942	long leg	$18.7M	$9.5M	10x
Aster JUPUSDT	+0.0100%	4h	0.2943	+0.026%	$114K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2939	−0.099%	$16.2M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2935	−0.228%	$15.7M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2939	−0.099%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.513%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2939	−0.099%	$730K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2939	−0.099%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2940	−0.065%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2940	−0.065%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2940	−0.065%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2939	−0.082%	$975K	$245K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	+0.616%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.461%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	+0.105%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2942	−0.010%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDCshort	+0.0100%	4h	0.2940	−0.065%	$31K	$42K	10x
HTX JUP-USDT	+0.0100%	4h	0.2934	−0.269%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2944	+0.071%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2938	−0.118%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2939	−0.112%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2944	+0.075%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+0.782%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2945	+0.105%	$844K	$382K	50x	as long as short
Extended JUP-USD	+0.0400%	1h	0.2937	−0.160%	$2.2M	$502K	25x	as long as short