Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.003%

Price spread now: HTX against Paradex−0.095%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.095% cheaper against Paradex than usual: you would sell low and buy high, −$9 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	Paradex JUP-USD-PERP	0.2943	0.0095	pay 0.0095% / 8h	5h 54m	$9K	$11K	10x
Short	HTX JUP-USDT	0.2940	0.0100	get 0.0050% / 4h	1h 54m	$111K	$46K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paradex. 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 ParadexbpFee HTXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $1.03
Price spread: −0.095% → 0.000%: −$9.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.42
Costs to cover: 0.160%
Break-even: 173.3 days

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 7 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 Paradex no order-book sample	—	—	—	—	—
Sell HTX live order book, 7 min ago	10.20 bp	132.5 bp −$132	doesn't fit	doesn't fit	doesn't fit

Paradex: 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 35 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	0.2904	−1.318%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2943	+0.012%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2944	+0.032%	$280K	$147K	10x	as long as short
Bybit JUPUSDT	−0.0030%	4h	0.2943	+0.007%	$15.8M	$19.3M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0010%	4h	0.2945	+0.075%	$4.0M	$12.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2946	+0.106%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2944	+0.053%	—	—	150x	as long as short
dYdX JUP-USD	+0.0011%	1h	0.2945	+0.060%	$38K	$27K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0048%	1h	0.2947	+0.133%	$979K	$224K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2942	−0.035%	—	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0077%	4h	0.2954	+0.382%	$717K	$718K	—	as long as short
Paradex JUP-USD-PERPlong	+0.0095%	8h	0.2943	long leg	$9K	$11K	10x
Lighter JUP	+0.0096%	1h	0.2946	+0.113%	$779K	$1.1M	10x	as long as short
Gate JUP_USDT	+0.0098%	4h	0.2945	+0.075%	$731K	$1.4M	75x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2943	−0.001%	$595K	$509K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2945	+0.089%	$18.7M	$10.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2946	+0.112%	$114K	$308K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2943	−0.004%	$16.2M	$43.7M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2943	+0.007%	$7.4M	$6.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2943	+0.007%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2944	+0.041%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2944	+0.041%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2937	−0.212%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2936	−0.230%	$156K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2948	+0.177%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	+0.109%	$31K	$42K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2940	−0.095%	$111K	$46K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.245%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2945	+0.066%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2947	+0.145%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2945	+0.075%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.589%	$97K	$329K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2948	+0.183%	$589K	$498K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2950	+0.256%	$74K	$49K	50x	as long as short
Extended JUP-USD	+0.0376%	1h	0.2945	+0.068%	$2.2M	$490K	25x	as long as short