Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.003%

Price spread now: HTX against Paradex−0.191%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. HTX is 0.191% cheaper against Paradex than usual: you would sell low and buy high (spread −0.191% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 35 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.3003	0.0082	pay 0.0082% / 8h	7h 04m	$9K	$13K	10x
Short	HTX JUP-USDT	0.2997	0.0100	get 0.0050% / 4h	3h 04m	$113K	$54K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paradex. 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 ParadexbpFee HTXbpOrdersPrice spread, now −0.191%Rate

Funding earned: $3.83
Price spread: −0.191% → 0.000%: −$19.14
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$31.31
Costs to cover: 0.160%
Break-even: 64.3 days

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 2 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 Paradex no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	11.66 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.4634%	1h	0.2985	−0.591%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3002	−0.035%	$286K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3003	0.000%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3001	−0.073%	$604K	$524K	20x	as long as short
OKX JUP-USDT-SWAP	−0.0056%	4h	0.2998	−0.158%	$4.1M	$15.5M	50x	as long as short
01 Exchange JUPUSD	−0.0056%	1h	0.3006	+0.125%	$27K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0050%	1h	0.2999	−0.118%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.3002	−0.018%	—	—	150x	as long as short
dYdX JUP-USD	+0.0041%	1h	0.2997	−0.177%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3000	−0.092%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERPlong	+0.0082%	8h	0.3003	long leg	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.3004	+0.038%	$751K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3000	−0.091%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3000	−0.091%	$619K	$626K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3006	+0.108%	$19.3M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3000	−0.097%	$116K	$326K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3002	−0.025%	$16.5M	$48.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2998	−0.158%	$16.3M	$20.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3009	+0.214%	$63K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2998	−0.158%	$752K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3002	−0.025%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3002	−0.025%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3002	−0.025%	$5.9M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3000	−0.091%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2998	−0.165%	$993K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2998	−0.160%	$725K	$767K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3015	+0.408%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3016	+0.441%	$160K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3005	+0.085%	$95K	$111K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2997	−0.191%	$113K	$54K	20x
Phemex JUPUSDT	+0.0100%	4h	0.3003	+0.008%	$2.9M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3000	−0.106%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2996	−0.238%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3008	+0.178%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3002	−0.038%	$75K	$60K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3000	−0.091%	$853K	$361K	50x	as long as short