Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.045%

Price spread now: HTX against Deribit−0.242%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.242% cheaper against Deribit than usual: you would sell low and buy high (spread −0.242% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 8.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2936	0	get 0.0000% / 1h	54m 44s	$53K	$17K	10x
Short	HTX JUP-USDT	0.2929	0.0100	get 0.0050% / 4h	1h 54m	$110K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now −0.242%Rate

Funding earned: $21
Price spread: −0.242% → 0.000%: −$24.18
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.18
Costs to cover: 0.190%
Break-even: 14.4 days

Slippage unknown: Deribit: no order-book sample; HTX: live order book, 51 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 Deribit no order-book sample	—	—	—	—	—
Sell HTX live order book, 51 min ago	6.80 bp	116.7 bp −$117	doesn't fit	doesn't fit	doesn't fit

Deribit: 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	0.2911	−0.855%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2935	−0.030%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2933	−0.108%	$279K	$143K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2937	+0.014%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2936	long leg	$53K	$17K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2936	+0.011%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2935	−0.036%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2936	+0.007%	$761K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2932	−0.123%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	−0.054%	$576K	$495K	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	0.2937	+0.017%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	+0.001%	$107K	$282K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2933	−0.106%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2932	−0.140%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2932	−0.140%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.566%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2937	+0.031%	$716K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.072%	$6.8M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2935	−0.037%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2935	−0.037%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2935	−0.037%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2937	+0.020%	$972K	$233K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2936	−0.004%	$712K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2944	+0.268%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2943	+0.235%	$162K	$256K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2938	+0.051%	$93K	$103K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2936	−0.003%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2929	−0.242%	$110K	$44K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2934	−0.080%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0216%	1h	0.2936	−0.010%	$26K	$8K	5x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2933	−0.089%	$2.2M	$570K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2942	+0.215%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2938	+0.054%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	−0.003%	$826K	$379K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2937	+0.033%	$579K	$462K	20x	as long as short
Phemex JUPUSDT	+0.0671%	4h	0.2941	+0.167%	$2.9M	$3.1M	50x	as long as short