Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: HTX against Phemex−0.507%7-day average −0.377% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$277as in the Price arb table

costs, in and out, $10k−$2642.640% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.507%, 7d avg −0.377%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.130% cheaper against Phemex than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.377%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.2958	0.0100	pay 0.0050% / 4h	2h 49m	$2.9M	$3.0M	50x
Short	HTX JUP-USDT	0.2943	0.0100	get 0.0050% / 4h	2h 49m	$111K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.507%Rate

Funding earned: $0
Price spread: −0.507% → −0.377%: −$13.05
Slippage, 4 orders: −$240.02
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$277.07
Costs to cover: 2.640%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; HTX: live order book, 62 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 Phemex live order book, 4 min ago	5.07 bp	22.9 bp −$23	77.5 bp −$775	doesn't fit	doesn't fit
Sell HTX live order book, 62 min ago	8.47 bp	114.5 bp −$115	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 PERP	−0.4499%	1h	0.2910	−1.623%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	−0.238%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2950	−0.258%	$281K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	−0.203%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2951	−0.229%	—	—	150x	as long as short
dYdX JUP-USD	+0.0040%	1h	0.2952	−0.203%	$39K	$21K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.261%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	−0.135%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2951	−0.230%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	−0.228%	$595K	$488K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2954	−0.152%	$18.6M	$8.8M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2952	−0.195%	$109K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2951	−0.247%	$16.2M	$39.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2947	−0.368%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2951	−0.237%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.118%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2951	−0.237%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2951	−0.237%	$7.3M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	−0.203%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2951	−0.237%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2951	−0.237%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2952	−0.216%	$977K	$188K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2949	−0.305%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2956	−0.057%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2951	−0.237%	$163K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	−0.108%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	−0.237%	$30K	$26K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2943	−0.507%	$111K	$44K	20x
Phemex JUPUSDTlong	+0.0100%	4h	0.2958	long leg	$2.9M	$3.0M	50x
Aevo JUP-PERP	+0.0104%	1h	0.2949	−0.321%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0184%	1h	0.2950	−0.255%	$2.2M	$508K	25x	as long as short
01 Exchange JUPUSD	+0.0192%	1h	0.2953	−0.162%	$26K	$14K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0256%	1h	0.2953	−0.183%	$586K	$465K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2957	−0.024%	$99K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+0.331%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2953	−0.169%	$830K	$378K	50x	as long as short