Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.211%

Price spread now: HTX against 01 Exchange−0.290%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.290% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.290% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 9.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2965	0	get 0.0000% / 1h	46m 57s	$26K	$19K	5x
Short	HTX JUP-USDT	0.2956	0.0100	get 0.0050% / 4h	2h 46m	$111K	$55K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now −0.290%Rate

Funding earned: $21
Price spread: −0.290% → 0.000%: −$29.01
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.01
Costs to cover: 0.190%
Break-even: 16.0 days

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 19 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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 19 min ago	11.66 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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	−0.4347%	1h	0.2904	−2.044%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2962	−0.096%	$282K	$149K	10x	as long as short
Bybit JUPUSDT	−0.0332%	4h	0.2955	−0.314%	$15.9M	$20.6M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2962	−0.086%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0088%	4h	0.2958	−0.223%	$4.1M	$14.9M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2960	−0.139%	$595K	$524K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2964	−0.036%	$39K	$31K	5x	as long as short
01 Exchange JUPUSDlong	0.0000%	1h	0.2965	long leg	$26K	$19K	5x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	−0.145%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2963	−0.046%	—	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0034%	4h	0.2957	−0.256%	$741K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	−0.137%	—	—	20x	as long as short
Variational Omni JUP	+0.0060%	4h	0.2949	−0.542%	$715K	$768K	—	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2963	−0.057%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2963	−0.044%	$783K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	−0.088%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2961	−0.130%	$608K	$602K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	−0.074%	$18.9M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	−0.110%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2959	−0.200%	$16.3M	$47.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.189%	$7.6M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	−0.121%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	−0.189%	$5.8M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	−0.189%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2960	−0.145%	$981K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	−0.020%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2962	−0.088%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2969	+0.142%	$93K	$110K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2956	−0.290%	$111K	$55K	20x
Bulk JUP-USD	+0.0100%	1h	0.2962	−0.074%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2956	−0.274%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	−0.288%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2958	−0.216%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2966	+0.037%	$74K	$58K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2964	−0.020%	$853K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0419%	4h	0.2964	−0.020%	$2.9M	$3.6M	50x	as long as short