Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.044%

Price spread now: HTX against Coinbase International−0.493%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.493% cheaper against Coinbase International than usual: you would sell low and buy high (−$49 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JUP-PERP-INTX	0.2940	0.0304	pay 0.0038% / 1h	4m 49s	$74K	$48K	50x
Short	HTX JUP-USDT	0.2926	0.0100	get 0.0050% / 4h	1h 04m	$110K	$43K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.493%Rate

Funding earned: −$42.84
Price spread: −0.493% → 0.000%: −$49.31
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$114.15
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; HTX: live order book, 36 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 Coinbase International no order-book sample	—	—	—	—	—
Sell HTX live order book, 36 min ago	11.96 bp	117.4 bp −$117	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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	−0.5000%	1h	0.2904	−1.241%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2932	−0.287%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2934	−0.226%	$280K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2933	−0.259%	—	—	150x	as long as short
dYdX JUP-USD	+0.0033%	1h	0.2935	−0.173%	$39K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2932	−0.288%	—	—	20x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0091%	1h	0.2933	−0.252%	$53K	$17K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2930	−0.340%	$758K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2932	−0.273%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	−0.230%	$572K	$490K	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	0.2932	−0.286%	$18.1M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2932	−0.273%	$106K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2929	−0.391%	$16.1M	$38.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2928	−0.425%	$15.9M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2930	−0.357%	$4.0M	$10.4M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2932	−0.289%	$700K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2930	−0.357%	$6.7M	$5.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2934	−0.221%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2931	−0.323%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2932	−0.289%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2932	−0.289%	$970K	$227K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2934	−0.222%	$711K	$531K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2937	−0.119%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2936	−0.153%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2935	−0.187%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2933	−0.255%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2926	−0.493%	$110K	$43K	20x
Bulk JUP-USD	+0.0100%	1h	0.2934	−0.204%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2931	−0.324%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2934	−0.221%	$26K	$6K	5x	as long as short
Phoenix JUP	+0.0244%	1h	0.2938	−0.082%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0304%	1h	0.2940	long leg	$74K	$48K	50x
Extended JUP-USD	+0.0320%	1h	0.2930	−0.368%	$2.2M	$572K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2933	−0.255%	$823K	$373K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2933	−0.244%	$579K	$418K	20x	as long as short
Phemex JUPUSDT	+0.0501%	4h	0.2936	−0.153%	$2.9M	$3.0M	50x	as long as short