Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.045%

Price spread now: KuCoin against Deribit−0.121%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

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. KuCoin is 0.121% cheaper against Deribit than usual: you would sell low and buy high (spread −0.121% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.0 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	Deribit JUP_USDC-PERPETUAL	0.2898	0	get 0.0000% / 1h	23m 44s	$52K	$17K	10x
Short	KuCoin JUPUSDTM	0.2894	0.0100	get 0.0050% / 4h	2h 23m	$3.9M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.121%Rate

Funding earned: $21
Price spread: −0.121% → 0.000%: −$12.08
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.08
Costs to cover: 0.190%
Break-even: 10.4 days

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 4 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 Deribit no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	5.18 bp	28.2 bp −$28	94.1 bp −$941	doesn't fit	doesn't fit

Deribit: 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	−0.4499%	1h	0.2910	+0.431%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2895	−0.102%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2893	−0.148%	$276K	$142K	10x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2898	long leg	$52K	$17K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2895	−0.079%	—	—	150x	as long as short
dYdX JUP-USD	+0.0011%	1h	0.2897	−0.001%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2893	−0.146%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2896	−0.066%	$755K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2892	−0.188%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2895	−0.069%	$574K	$493K	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	0.2894	−0.110%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2894	−0.121%	$107K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2894	−0.121%	$15.9M	$39.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2893	−0.173%	$15.6M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2893	−0.155%	$4.0M	$10.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.413%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2893	−0.155%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2894	−0.121%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2894	−0.121%	$3.9M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2895	−0.086%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2893	−0.155%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2896	−0.038%	$955K	$190K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2892	−0.189%	$702K	$630K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2906	+0.293%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−0.190%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2896	−0.045%	$91K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2896	−0.052%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2889	−0.293%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2896	−0.052%	$39K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2893	−0.148%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2891	−0.226%	$2.1M	$527K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0261%	1h	0.2898	+0.012%	$572K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2907	+0.318%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2909	+0.400%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2895	−0.086%	$819K	$372K	50x	as long as short
Phemex JUPUSDT	+0.0513%	4h	0.2903	+0.190%	$2.8M	$3.0M	50x	as long as short