Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Polymarket Perps−0.293%7-day average −0.315% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2552.553% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.293%, 7d avg −0.315%

Together, before fees+0.367%+$37 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 0.022% dearer against Polymarket Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.315%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2938	0.0100	pay 0.0013% / 1h	54m 42s	$93K	$103K	10x
Short	HTX JUP-USDT	0.2929	0.0100	get 0.0050% / 4h	1h 54m	$110K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now −0.293%Rate

Funding earned: $0
Price spread: −0.293% → −0.315%: $2.24
Slippage, 4 orders: −$235.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$253.08
Costs to cover: 2.553%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 52 min ago; HTX: live order book, 51 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 Polymarket Perps live order book, 52 min ago	3.05 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 51 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	−0.5000%	1h	0.2911	−0.906%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2935	−0.081%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2933	−0.159%	$279K	$143K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2937	−0.037%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2936	−0.051%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2936	−0.041%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2935	−0.087%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2936	−0.044%	$761K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2932	−0.174%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	−0.106%	$576K	$495K	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	0.2937	−0.034%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	−0.050%	$107K	$282K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2933	−0.157%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2932	−0.191%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2932	−0.191%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.515%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2937	−0.020%	$716K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.123%	$6.8M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2935	−0.089%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2935	−0.089%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2935	−0.089%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2937	−0.031%	$972K	$233K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2936	−0.055%	$712K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2944	+0.217%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2943	+0.184%	$162K	$256K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2938	long leg	$93K	$103K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2936	−0.054%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2929	−0.293%	$110K	$44K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2934	−0.131%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0216%	1h	0.2936	−0.061%	$26K	$8K	5x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2933	−0.140%	$2.2M	$570K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2942	+0.163%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2938	+0.003%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	−0.054%	$826K	$379K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2937	−0.018%	$579K	$462K	20x	as long as short
Phemex JUPUSDT	+0.0671%	4h	0.2941	+0.116%	$2.9M	$3.1M	50x	as long as short