Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.024%

Price spread now: Orderly against Hyperliquid−0.057%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2961	0.0100	pay 0.0013% / 1h	12m 39s	$18.6M	$8.9M	10x
Short	Orderly PERP_JUP_USDC	0.2959	0.0100	get 0.0050% / 4h	3h 12m	$30K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → 0.000%: −$5.74
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.74
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Orderly: 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 Hyperliquid live order book, 10 min ago	0.17 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−1.442%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2960	−0.019%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2958	−0.096%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2959	−0.044%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	−0.010%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2959	−0.051%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.082%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0081%	1h	0.2959	−0.041%	$980K	$186K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2961	+0.010%	$781K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2957	−0.132%	$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	0.2958	−0.091%	$596K	$489K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2961	long leg	$18.6M	$8.9M	10x
Aster JUPUSDT	+0.0100%	4h	0.2959	−0.066%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	−0.156%	$16.2M	$39.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2954	−0.216%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	−0.159%	$4.1M	$11.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2955	−0.193%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2957	−0.125%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	−0.091%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2958	−0.091%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	−0.057%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	−0.091%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	−0.024%	$722K	$624K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	−0.024%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2965	+0.145%	$163K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.101%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDCshort	+0.0100%	4h	0.2959	−0.057%	$30K	$41K	10x
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.294%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.078%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.074%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2957	−0.128%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2961	+0.018%	$588K	$471K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2963	+0.074%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2956	−0.162%	$2.2M	$504K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2968	+0.240%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	−0.159%	$835K	$379K	50x	as long as short