Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni−0.378%76s7-day average −0.257% · you buy dearer than you sell

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2592.586% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.322%+$32 · spread now −0.378%, 7d avg −0.257%

Together, before fees+0.330%+$33 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 0.121% cheaper against ApeX Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.257%. The two prices were read 76 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	ApeX Omni JUPUSDT	0.2908	0.0100	pay 0.0013% / 1h	29m 48s	$160K	$255K	50x
Short	HTX JUP-USDT	0.2897	0.0100	get 0.0050% / 4h	2h 29m	$109K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now −0.378%Rate

Funding earned: $0
Price spread: −0.378% → −0.257%: −$12.12
Slippage, 4 orders: −$236.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$270.7
Costs to cover: 2.586%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 17 min ago; HTX: live order book, 16 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 ApeX Omni live order book, 17 min ago	6.80 bp	15.1 bp −$15	96.9 bp −$969	doesn't fit	doesn't fit
Sell HTX live order book, 16 min ago	6.80 bp	116.7 bp −$117	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	+0.069%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2906	−0.077%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2906	−0.085%	$277K	$142K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2907	−0.045%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2907	−0.041%	—	—	150x	as long as short
dYdX JUP-USD	+0.0013%	1h	0.2907	−0.050%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2909	+0.045%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2907	−0.024%	$758K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2905	−0.114%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2910	+0.060%	$577K	$493K	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	0.2909	+0.021%	$18.3M	$8.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2907	−0.039%	$107K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2906	−0.078%	$15.9M	$39.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2903	−0.182%	$15.6M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2904	−0.138%	$4.0M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.050%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2905	−0.103%	$712K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2905	−0.103%	$6.8M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2906	−0.069%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2906	−0.069%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2904	−0.138%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2907	−0.034%	$961K	$189K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2898	−0.342%	$703K	$630K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2911	+0.086%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2908	long leg	$160K	$255K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2910	+0.062%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2907	−0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2897	−0.378%	$109K	$44K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2904	−0.145%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2909	+0.041%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0160%	1h	0.2905	−0.104%	$2.2M	$524K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0260%	1h	0.2907	−0.025%	$577K	$460K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2917	+0.313%	$98K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2909	+0.038%	$74K	$48K	50x	as long as short
Phemex JUPUSDT	+0.0284%	4h	0.2912	+0.138%	$2.8M	$3.0M	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2903	−0.172%	$825K	$375K	50x	as long as short