Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.024%

Price spread now: HTX against Hyperliquid−0.133%7-day average −0.326% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$2392.392% of the position

Long on Hyperliquid Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.133%, 7d avg −0.326%

Together, before fees−0.090%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 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: HTX is 0.192% dearer against Hyperliquid than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.326%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2930	0.0100	pay 0.0013% / 1h	17m 56s	$18.1M	$9.1M	10x
Short	HTX JUP-USDT	0.2926	0.0100	get 0.0050% / 4h	2h 17m	$110K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. 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 HyperliquidbpFee HTXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.326%: $19.21
Slippage, 4 orders: −$218.23
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$220.01
Costs to cover: 2.392%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; HTX: live order book, 28 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 Hyperliquid live order book, 5 min ago	0.69 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 28 min ago	6.80 bp	116.7 bp −$117	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	−0.4499%	1h	0.2868	−2.113%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2929	−0.021%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2927	−0.086%	$279K	$141K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2930	+0.010%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2928	−0.052%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2929	−0.015%	$39K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2929	−0.021%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2931	+0.051%	$761K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2926	−0.117%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2927	−0.108%	$580K	$493K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUPlong	+0.0100%	1h	0.2930	long leg	$18.1M	$9.1M	10x
Aster JUPUSDT	+0.0100%	4h	0.2930	−0.002%	$107K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2929	−0.043%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2927	−0.099%	$15.8M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2928	−0.065%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−1.055%	$60K	$280	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2927	−0.099%	$718K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2929	−0.031%	$6.8M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2928	−0.065%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2928	−0.065%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2927	−0.099%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2929	−0.014%	$967K	$192K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2909	−0.714%	$706K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2896	−1.164%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−1.294%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2930	+0.003%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2929	−0.031%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2926	−0.133%	$110K	$44K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2939	+0.320%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2929	−0.017%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2927	−0.099%	$2.2M	$556K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2931	+0.021%	$578K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2905	−0.843%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2933	+0.119%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2928	−0.065%	$824K	$377K	50x	as long as short
Phemex JUPUSDT	+0.0511%	4h	0.2929	−0.031%	$2.9M	$3.1M	50x	as long as short