Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0453%/8h= +49.6% APRpaid last 24h +0.056%

Price spread now: HTX against Pacifica−0.018%7-day average −0.217% · you buy dearer than you sell

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2332.327% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.299%+$30 on $10k

Price spread, last 3 days (all we have)−0.168%−$17 · spread now −0.018%, 7d avg −0.217%

Together, before fees+0.132%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and HTX is 0.200% dearer against Pacifica than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.217%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.299% in total (about 15.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2958	−0.0353	get 0.0044% / 1h	20m 37s	$282K	$148K	10x
Short	HTX JUP-USDT	0.2957	0.0100	get 0.0050% / 4h	2h 20m	$112K	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $95.05
Price spread: −0.018% → −0.217%: $19.98
Slippage, 4 orders: −$212.67
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$117.63
Costs to cover: 2.327%
Break-even: 15.7 days

Slippage from Pacifica: live order book, 48 min ago; HTX: live order book, 45 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 Pacifica live order book, 48 min ago	1.66 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 45 min ago	11.66 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit

JUP on 35 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	−0.4347%	1h	0.2917	−1.370%	$3K	$206K	5.5x	as long as short
Pacifica JUPlong	−0.0353%	1h	0.2958	long leg	$282K	$148K	10x
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2963	+0.173%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0215%	4h	0.2953	−0.153%	$15.8M	$19.9M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0046%	4h	0.2955	−0.085%	$4.1M	$13.8M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2964	+0.205%	$592K	$515K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2963	+0.189%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2963	+0.176%	—	—	150x	as long as short
Variational Omni JUP	+0.0014%	4h	0.2958	+0.015%	$722K	$751K	—	as long as short
Gate JUP_USDT	+0.0024%	4h	0.2957	−0.018%	$738K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0026%	1h	0.2959	+0.057%	$39K	$29K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	+0.151%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2956	−0.059%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2959	+0.057%	$782K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	+0.151%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2961	+0.109%	$601K	$535K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	+0.165%	$18.8M	$10.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	+0.134%	$114K	$321K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	−0.047%	$16.4M	$45.5M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2964	+0.219%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	−0.018%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	+0.084%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	−0.051%	$5.8M	$6.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	−0.085%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2962	+0.138%	$981K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	+0.219%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2963	+0.185%	$157K	$288K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.243%	$94K	$109K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2957	−0.018%	$112K	$49K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.354%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	+0.061%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2965	+0.243%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2967	+0.327%	$98K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2967	+0.334%	$75K	$51K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2954	−0.129%	$2.2M	$486K	25x	as long as short