Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0405%/8h= +44.3% APRpaid last 24h +0.047%

Price spread now: Coinbase International against HTX+0.390%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.390% dearer against HTX than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2924	−0.0085	get 0.0042% / 4h	3h 58m	$111K	$45K	20x
Short	Coinbase International JUP-PERP-INTX	0.2935	0.0320	get 0.0040% / 1h	58m 33s	$75K	$49K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.390%Rate

Funding earned: $85.05
Price spread: +0.390% → 0.000%: $38.99
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $102.03
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: live order book, 38 min ago; Coinbase International: no order-book sample. 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 HTX live order book, 38 min ago	12.03 bp	116.4 bp −$116	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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	−0.3798%	1h	0.2903	−0.718%	$3K	$205K	5.5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.2648%	1h	0.2925	+0.034%	$53K	$17K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2933	+0.300%	$16K	—	100x	as long as short
HTX JUP-USDTlong	−0.0085%	4h	0.2924	long leg	$111K	$45K	20x
Pacifica JUP	−0.0070%	1h	0.2935	+0.386%	$280K	$137K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2933	+0.318%	$39K	$15K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2932	+0.287%	$16K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2932	+0.286%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2938	+0.472%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2935	+0.372%	$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	0.2935	+0.385%	$578K	$491K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2938	+0.486%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	+0.410%	$101K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2937	+0.428%	$16.1M	$38.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2933	+0.315%	$15.9M	$17.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2934	+0.342%	$4.1M	$10.2M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2934	+0.342%	$699K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2935	+0.376%	$7.1M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2935	+0.376%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2937	+0.445%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2935	+0.376%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2935	+0.366%	$971K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2928	+0.140%	$711K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	+0.335%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2928	+0.137%	$161K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2933	+0.291%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2934	+0.342%	$33K	$29K	10x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2935	+0.364%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2934	+0.351%	$2.2M	$576K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2930	+0.222%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0192%	1h	0.2940	+0.557%	$26K	$2K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0279%	1h	0.2934	+0.351%	$577K	$415K	20x	as long as short
Phemex JUPUSDT	+0.0305%	4h	0.2936	+0.410%	$2.9M	$3.0M	50x	as long as short
Coinbase International JUP-PERP-INTXshort	+0.0320%	1h	0.2935	+0.390%	$75K	$49K	50x
BloFin JUP-USDT	+0.0340%	4h	0.2931	+0.239%	$815K	$376K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2936	+0.400%	$105K	$267K	10x	as long as short