Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.080%

Price spread now: HTX against Extended−0.173%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2542.544% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.713%−$71 on $10k

Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.173%, 7d avg −0.143%

Together, before fees−0.561%+ Points / potential airdropExtended: Active · farm board−$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.030% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.143%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2956	0.0200	pay 0.0025% / 1h	7m 09s	$2.2M	$541K	25x
Short	HTX JUP-USDT	0.2951	0.0100	get 0.0050% / 4h	2h 07m	$111K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$21
Price spread: −0.173% → −0.143%: −$2.99
Slippage, 4 orders: −$237.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$278.38
Costs to cover: 2.544%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; HTX: live order book, 14 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 Extended live order book, 2 min ago	3.38 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 14 min ago	8.42 bp	117.9 bp −$118	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	0.2934	−0.748%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0894% / S +0.0334%	1h	0.2960	+0.117%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0155%	1h	0.2959	+0.112%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0119%	4h	0.2955	−0.020%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0018%	4h	0.2957	+0.030%	$735K	$2.0M	75x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2958	+0.078%	$26K	$19K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2963	+0.223%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2960	+0.119%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2958	+0.068%	$600K	$624K	20x	as long as short
dYdX JUP-USD	+0.0028%	1h	0.2961	+0.158%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2956	+0.008%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0085%	8h	0.2958	+0.075%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2959	+0.112%	$831K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	+0.011%	$723K	$1.2M	—	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2958	+0.073%	$595K	$667K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	+0.176%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	+0.157%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2959	+0.095%	$282K	$179K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2957	+0.040%	$16.3M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	−0.003%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	+0.064%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	+0.132%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	−0.003%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	+0.030%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	+0.085%	$979K	$263K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	+0.166%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	+0.064%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2963	+0.240%	$94K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2960	+0.132%	$31K	$51K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2951	−0.173%	$111K	$69K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.233%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.047%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	−0.003%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0133%	4h	0.2958	+0.064%	$858K	$332K	50x	as long as short
Extended JUP-USDlong	+0.0200%	1h	0.2956	long leg	$2.2M	$541K	25x
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+1.130%	$74K	$95K	50x	as long as short