diff --git a/Boss/Mod/JitRebalancer.cpp b/Boss/Mod/JitRebalancer.cpp
index d204afe..47654fd 100644
--- a/Boss/Mod/JitRebalancer.cpp
+++ b/Boss/Mod/JitRebalancer.cpp
@@ -31,6 +31,7 @@
 #include"Util/make_unique.hpp"
 #include"Util/stringify.hpp"
 #include<map>
+#include<set>
 
 namespace {
 
@@ -110,6 +111,14 @@ private:
         ModG::RebalanceUnmanagerProxy unmanager;
         std::uint32_t max_rebalance_fee_ppm;
 
+        /* Nodes with a JIT rebalance currently in flight.
+         * The budget check reads expenditures that are only
+         * persisted once a rebalance completes, so concurrent
+         * rebalances to the same destination would each
+         * authorize against the same stale budget.
+         */
+        std::set<Ln::NodeId> in_flight;
+
         void start() {
                 max_rebalance_fee_ppm = default_max_rebalance_fee_ppm;
 
@@ -186,6 +195,18 @@ private:
 					return Ev::lift(false);
 				});
 			}
+			if (in_flight.count(node) != 0) {
+				return Boss::log( bus, Debug
+						, "JitRebalancer: HTLC %s to "
+						  "%s: rebalance already in "
+						  "flight, will ignore."
+						, stringify_cid(id).c_str()
+						, Util::stringify(node).c_str()
+						).then([]() {
+					return Ev::lift(false);
+				});
+			}
+			in_flight.insert(node);
 			return Boss::concurrent( check_and_move(node, amount, id)
 					       ).then([]() {
 				return Ev::lift(true);
@@ -228,6 +249,9 @@ private:
                                     , unmanager, max_rebalance_fee_ppm
                                     );
 			return r.execute();
+		}).then([this, node]() {
+			in_flight.erase(node);
+			return Ev::lift();
 		});
 	}
 
diff --git a/tests/boss/test_jitrebalancer.cpp b/tests/boss/test_jitrebalancer.cpp
index afa0e8d..c7af59f 100644
--- a/tests/boss/test_jitrebalancer.cpp
+++ b/tests/boss/test_jitrebalancer.cpp
@@ -14,8 +14,6 @@
 #include"Boss/Msg/ResponseRpcCommand.hpp"
 #include"Boss/Msg/SolicitHtlcAcceptedDeferrer.hpp"
 #include"Ev/Io.hpp"
-#include"Ev/concurrent.hpp"
-#include"Ev/foreach.hpp"
 #include"Ev/map.hpp"
 #include"Ev/now.hpp"
 #include"Ev/start.hpp"
@@ -311,6 +309,11 @@ int main() {
 	void* requester = nullptr;
 	auto source = Ln::NodeId();
 	auto destination = Ln::NodeId();
+	/* Parallel-call check: the calls, and which one was
+	 * let in.
+	 */
+	auto ids = std::vector<std::uint64_t>{3, 4, 5};
+	auto deferred_id = std::uint64_t(0);
 	bus.subscribe< RequestMoveFunds
 		     >([&](RequestMoveFunds const& m) {
 		++num_move_funds;
@@ -355,27 +358,51 @@ int main() {
 	}).then([&]() {
 		assert(num_move_funds == 0);
 
-		/* Check parallel calls.  */
-		auto ids = std::vector<std::uint64_t>{3, 4, 5};
-		auto act = Ev::lift();
-		/* Perform parallel calls.  */
-		act += Ev::concurrent(Ev::map([&](std::uint64_t id) {
-			return deferrer(htlc("1000x1x0", Ln::Amount::msat(1), id));
-		}, ids).then([&](std::vector<bool> flags) {
-			/* Every forward should get in.  */
-			for (auto flag : flags)
-				assert(flag);
-			return Ev::lift();
-		}));
-		act += Ev::yield();
-		act += Ev::foreach([&](std::uint64_t id) {
-			return release_monitor.wait_release(id);
+		/* Check parallel calls to the same underfunded
+		 * node: exactly one is let in and requests the
+		 * rebalance; the rest are skipped because a
+		 * run for the node is already in flight.
+		 */
+		return Ev::map([&](std::uint64_t id) {
+			return deferrer(htlc("1000x1x1", Ln::Amount::msat(90000), id));
 		}, ids);
-		return act;
+	}).then([&](std::vector<bool> flags) {
+		auto num_in = std::size_t(0);
+		for (auto i = std::size_t(0); i < flags.size(); ++i) {
+			if (flags[i]) {
+				++num_in;
+				deferred_id = ids[i];
+			}
+		}
+		assert(num_in == 1);
+		/* Wait for the let-in run to reach its
+		 * move-funds request.
+		 */
+		return multiyield();
+	}).then([&]() {
+		/* Only the let-in run requests a rebalance.  */
+		assert(num_move_funds == 1);
+		/* The 02 would not have fit.  */
+		assert(source == Ln::NodeId("020000000000000000000000000000000000000000000000000000000000000000"));
+		assert(destination == Ln::NodeId("020000000000000000000000000000000000000000000000000000000000000001"));
+		/* Let the in-flight run finish.  */
+		return bus.raise(ResponseMoveFunds{
+			requester,
+			Ln::Amount::sat(0),
+			Ln::Amount::sat(0)
+		});
+	}).then([&]() {
+		return release_monitor.wait_release(deferred_id);
+	}).then([&]() {
+		/* Let the finished run clean up.  */
+		return multiyield();
 	}).then([&]() {
-		assert(num_move_funds == 0);
 
-		/* Check for a forward that does not fit.  */
+		/* The guard clears once the run completes:
+		 * a new forward that does not fit gets in
+		 * again.
+		 */
+		num_move_funds = 0;
 		return deferrer(htlc("1000x1x1", Ln::Amount::msat(90000), 6));
 	}).then([&](bool flag) {
 		assert(flag == true);