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 +0.006%

Price spread now: HTX against Bybit−0.237%7-day average −0.183% · you buy dearer than you sell

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$251as in the Price arb table

costs, in and out, $10k−$2462.458% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.237%, 7d avg −0.183%

Together, before fees+0.169%+$17 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 0.054% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.183%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2959	0.0100	pay 0.0050% / 4h	3h 28m	$16.0M	$17.8M	50x
Short	HTX JUP-USDT	0.2952	0.0100	get 0.0050% / 4h	3h 28m	$111K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now −0.237%Rate

Funding earned: $0
Price spread: −0.237% → −0.183%: −$5.37
Slippage, 4 orders: −$222.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$251.18
Costs to cover: 2.458%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; HTX: live order book, 23 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 Bybit live order book, just now	1.69 bp	14.1 bp −$14	39.7 bp −$397	doesn't fit	doesn't fit
Sell HTX live order book, 23 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	−0.5000%	1h	0.2926	−1.115%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	+0.053%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	+0.033%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2962	+0.116%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2962	+0.091%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2962	+0.101%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2960	+0.024%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0060%	1h	0.2961	+0.074%	$978K	$185K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.179%	$782K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2960	+0.037%	$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	0.2961	+0.059%	$598K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.182%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	+0.068%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2959	−0.006%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDTlong	+0.0100%	4h	0.2959	long leg	$16.0M	$17.8M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2960	+0.034%	$4.1M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	+0.068%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	0.000%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	+0.034%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.068%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	0.000%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	+0.202%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.280%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.237%	$164K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.203%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+0.068%	$31K	$41K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2952	−0.237%	$111K	$44K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2965	+0.203%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.169%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	+0.034%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2963	+0.133%	$592K	$467K	20x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2962	+0.088%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.260%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2962	+0.101%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2958	−0.037%	$2.2M	$499K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2963	+0.135%	$832K	$376K	50x	as long as short