Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.036%

Price spread now: KuCoin against Coinbase International−0.205%51s7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.205% cheaper against Coinbase International than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JUP-PERP-INTX	0.2970	0.0208	pay 0.0026% / 1h	1m 25s	$75K	$50K	50x
Short	KuCoin JUPUSDTM	0.2964	0.0100	get 0.0050% / 4h	1m 25s	$4.1M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.205%Rate

Funding earned: −$22.68
Price spread: −0.205% → 0.000%: −$20.54
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$65.22
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; KuCoin: live order book, 6 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 Coinbase International no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	5.08 bp	28.9 bp −$29	103.2 bp −$1,032	doesn't fit	doesn't fit

Coinbase International: 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	−0.4661%	1h	0.2920	−1.687%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2965	−0.185%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2964	−0.213%	$282K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	−0.343%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2964	−0.199%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2965	−0.157%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	−0.230%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2960	−0.337%	$593K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2965	−0.172%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2965	−0.159%	$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	0.2965	−0.155%	$604K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2967	−0.114%	$18.7M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	−0.250%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2964	−0.199%	$16.3M	$40.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2962	−0.269%	$15.9M	$18.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2964	−0.205%	$4.0M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.721%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2963	−0.239%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2965	−0.172%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2964	−0.205%	$4.1M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2965	−0.172%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	−0.273%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	−0.360%	$978K	$234K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2945	−0.846%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2958	−0.407%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	−0.407%	$157K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	+0.047%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2959	−0.374%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.609%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2962	−0.273%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.440%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2967	−0.121%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0208%	1h	0.2970	long leg	$75K	$50K	50x
Extended JUP-USD	+0.0248%	1h	0.2963	−0.251%	$2.2M	$498K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2964	−0.222%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2954	−0.542%	$836K	$375K	50x	as long as short