Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: HTX against gTrade (Gains Network)−0.243%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 0.243% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 8.2 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	gTrade (Gains Network) JUP/USD	0.2965	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	20m 10s	—	—	150x
Short	HTX JUP-USDT	0.2958	0.0100	get 0.0050% / 4h	3h 20m	$111K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now −0.243%Rate

Funding earned: $20.77
Price spread: −0.243% → 0.000%: −$24.35
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$25.58
Costs to cover: 0.220%
Break-even: 15.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 31 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 31 min ago	8.47 bp	114.5 bp −$115	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	0.2918	−1.592%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2965	+0.007%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2961	−0.131%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2960	−0.160%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2966	+0.026%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S −0.0001%	1h	0.2965	long leg	—	—	150x
Backpack JUP_USDC_PERP	+0.0048%	1h	0.2965	−0.018%	$982K	$186K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2964	−0.049%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2967	+0.050%	$782K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2965	−0.004%	$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	0.2963	−0.092%	$597K	$489K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.009%	$18.6M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	−0.028%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2963	−0.059%	$16.2M	$39.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2962	−0.115%	$16.0M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	−0.109%	$4.1M	$11.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2952	−0.446%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2964	−0.041%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2965	−0.007%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2965	−0.007%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2964	−0.041%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	−0.109%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2955	−0.328%	$721K	$624K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	−0.345%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	−0.446%	$163K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2969	+0.127%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2965	−0.007%	$31K	$41K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2958	−0.243%	$111K	$44K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.060%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2963	−0.086%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2967	+0.067%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2966	+0.030%	$589K	$471K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2957	−0.281%	$97K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2968	+0.087%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2963	−0.060%	$2.2M	$502K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2959	−0.210%	$835K	$375K	50x	as long as short