Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.3898%/8h= +426.8% APRpaid last 24h +1.085%

Price spread now: HTX against Injective+0.759%65s7-day average +1.884% · you sell dearer than you buy

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.904%+$290 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.759%, 7d avg +1.884%

Together, before fees+3.048%+$305 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 1.125% cheaper against Injective than usual: you would sell low and buy high (spread +0.759% now, against its 7-day average of +1.884%). If the spread goes back, that is −$113 on $10k: about 23 hours of funding at the current rate (+$117 a day). At the pace of the last 7 days (+2.904% in total) that is about 2.7 days. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective JUP/USDC PERP	0.2898	−0.3798	get 0.0475% / 1h	31m 49s	$3K	$205K	5.5x
Short	HTX JUP-USDT	0.2920	0.0100	get 0.0050% / 4h	3h 31m	$112K	$46K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +0.759%Rate

Funding earned: $818.59
Price spread: +0.759% → +1.884%: −$112.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $694.04
Costs to cover: 0.120%
Break-even: 1.1 days

Slippage unknown: Injective: live order book, 2 min ago; HTX: live order book, 64 min ago. 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 Injective live order book, 2 min ago	102.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 64 min ago	12.03 bp	113.3 bp −$113	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 PERPlong	−0.3798%	1h	0.2898	long leg	$3K	$205K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2928	+1.045%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0074%	4h	0.2925	+0.932%	$15.9M	$17.0M	50x	as long as short
Pacifica JUP	−0.0070%	1h	0.2933	+1.196%	$280K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2929	+1.066%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2929	+1.079%	$16K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2927	+1.010%	—	—	20x	as long as short
dYdX JUP-USD	+0.0081%	1h	0.2934	+1.251%	$39K	$16K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2932	+1.156%	$757K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2933	+1.201%	$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	0.2929	+1.070%	$577K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2931	+1.139%	$18.1M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2929	+1.070%	$101K	$297K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2928	+1.035%	$16.0M	$38.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2927	+1.001%	$4.0M	$10.0M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2927	+1.001%	$694K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2928	+1.035%	$7.8M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2929	+1.070%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2927	+1.001%	$5.8M	$4.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2927	+1.001%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2928	+1.049%	$972K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+1.433%	$715K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2942	+1.518%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	+1.725%	$163K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2931	+1.139%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2929	+1.070%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2920	+0.759%	$112K	$46K	20x
Bulk JUP-USD	+0.0100%	1h	0.2946	+1.647%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2922	+0.832%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0152%	1h	0.2926	+0.974%	$2.2M	$576K	25x	as long as short
01 Exchange JUPUSD	+0.0232%	1h	0.2932	+1.156%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2943	+1.560%	$107K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0280%	1h	0.2929	+1.081%	$578K	$409K	20x	as long as short
Phemex JUPUSDT	+0.0309%	4h	0.2932	+1.173%	$2.9M	$2.9M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2957	+2.019%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	+1.311%	$822K	$375K	50x	as long as short