Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.027%

Price spread now: Kraken Futures against HTX+0.289%7-day average +0.316% · you sell dearer than you buy

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2832.833% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.646%+$65 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.289%, 7d avg +0.316%

Together, before fees+0.730%+$73 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.027% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.316%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2927	0.0100	pay 0.0050% / 4h	40m 28s	$110K	$47K	20x
Short	Kraken Futures PF_JUPUSD	0.2935	0.0096	get 0.0012% / 1h	40m 28s	$587K	$485K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.289%Rate

Funding earned: −$0.77
Price spread: +0.289% → +0.316%: −$2.7
Slippage, 4 orders: −$261.32
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$286.79
Costs to cover: 2.833%
Break-even: never at this rate

Slippage from HTX: live order book, 16 min ago; Kraken Futures: live order book, 17 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 HTX live order book, 16 min ago	11.84 bp	102.7 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 17 min ago	17.00 bp	26.1 bp −$26	64.4 bp −$644	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	−0.4661%	1h	0.2901	−0.888%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2933	+0.194%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2937	+0.348%	$280K	$147K	10x	as long as short
dYdX JUP-USD	+0.0001%	1h	0.2936	+0.295%	$38K	$25K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2933	+0.213%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2937	+0.358%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2941	+0.482%	$778K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0096%	1h	0.2935	+0.289%	$587K	$485K	20x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2938	+0.387%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2939	+0.419%	$591K	$499K	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	0.2943	+0.530%	$18.7M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	+0.322%	$108K	$292K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2939	+0.418%	$16.2M	$42.1M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2935	+0.280%	$15.8M	$18.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2939	+0.410%	$4.0M	$11.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	+0.291%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2938	+0.376%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2939	+0.410%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2938	+0.376%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2941	+0.478%	$5.7M	$5.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2937	+0.342%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2935	+0.260%	$973K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2928	+0.050%	$715K	$667K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	+0.236%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2934	+0.239%	$156K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2945	+0.612%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2934	+0.239%	$31K	$42K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2927	long leg	$110K	$47K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2939	+0.410%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2932	+0.155%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0112%	1h	0.2943	+0.543%	$26K	$17K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0159%	1h	0.2935	+0.280%	$54K	$16K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2941	+0.492%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2937	+0.355%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2935	+0.273%	$838K	$382K	50x	as long as short
Extended JUP-USD	+0.0384%	1h	0.2938	+0.359%	$2.2M	$502K	25x	as long as short