Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0062%/8h= +6.7% APRpaid last 24h −1.312%

Price spread now: KuCoin against dYdX+0.105%47s7-day average — · you sell dearer than you buy

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

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.105% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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	dYdX JUP-USD	0.2963	0.0038	pay 0.0005% / 1h	30m 45s	$39K	$36K	5x
Short	KuCoin JUPUSDTM	0.2966	0.0100	get 0.0050% / 4h	2h 30m	$4.5M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now +0.105%Rate

Funding earned: $12.93
Price spread: +0.105% → 0.000%: $10.53
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1.46
Costs to cover: 0.220%
Break-even: 6.2 days

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	5.06 bp	29.9 bp −$30	97.9 bp −$979	doesn't fit	doesn't fit

dYdX: 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	−0.5000%	1h	0.2930	−1.110%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0814% / S +0.0279%	1h	0.2967	+0.123%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0261%	4h	0.2964	+0.038%	$16.2M	$24.2M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2970	+0.227%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2967	+0.122%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2967	+0.145%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0002%	4h	0.2963	+0.004%	$739K	$1.9M	75x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2967	+0.124%	$601K	$624K	20x	as long as short
dYdX JUP-USDlong	+0.0038%	1h	0.2963	long leg	$39K	$36K	5x
01 Exchange JUPUSD	+0.0056%	1h	0.2964	+0.038%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2964	+0.051%	—	—	20x	as long as short
Variational Omni JUP	+0.0090%	4h	0.2959	−0.118%	$724K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2962	−0.018%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2969	+0.223%	$878K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2966	+0.105%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2964	+0.038%	$598K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2970	+0.240%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2965	+0.063%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2963	+0.007%	$282K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2966	+0.116%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2965	+0.072%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2966	+0.105%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2966	+0.105%	$4.5M	$7.2M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2965	+0.072%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2964	+0.038%	—	$21.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2966	+0.109%	$983K	$267K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	+0.097%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.105%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2969	+0.220%	$93K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2957	−0.199%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2970	+0.240%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.053%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2963	+0.004%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0132%	4h	0.2962	−0.030%	$861K	$328K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.838%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2965	+0.060%	$2.2M	$539K	25x	as long as short