Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.065%

Price spread now: KuCoin against Extended+0.111%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$940.943% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.805%−$81 on $10k

Price spread, last 7 days−0.259%−$26 · spread now +0.111%, 7d avg +0.001%

Together, before fees−1.065%+ Points / potential airdropExtended: Active · farm board−$106 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.110% dearer against Extended than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of +0.001%): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2947	0.0352	pay 0.0044% / 1h	41m 58s	$2.2M	$491K	25x
Short	KuCoin JUPUSDTM	0.2950	0.0100	get 0.0050% / 4h	1h 41m	$4.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$52.92
Price spread: +0.111% → +0.001%: $10.95
Slippage, 4 orders: −$77.31
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$136.28
Costs to cover: 0.943%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; KuCoin: live order book, 1 min ago.

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 Extended live order book, 2 min ago	6.80 bp	12.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	3.39 bp	34.4 bp −$34	112.5 bp −$1,125	doesn't fit	doesn't fit

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	0.2904	−1.450%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2951	+0.145%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2951	+0.156%	$281K	$147K	10x	as long as short
Bybit JUPUSDT	−0.0006%	4h	0.2947	−0.005%	$15.8M	$19.3M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2951	+0.152%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2950	+0.120%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0003%	1h	0.2953	+0.199%	$980K	$231K	10x	as long as short
OKX JUP-USDT-SWAP	+0.0026%	4h	0.2945	−0.059%	$4.1M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	+0.111%	—	—	20x	as long as short
dYdX JUP-USD	+0.0075%	1h	0.2949	+0.091%	$39K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0076%	4h	0.2933	−0.450%	$715K	$698K	—	as long as short
Lighter JUP	+0.0096%	1h	0.2954	+0.260%	$781K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2951	+0.146%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	+0.136%	$597K	$511K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	+0.281%	$18.8M	$10.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2952	+0.179%	$114K	$298K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	+0.056%	$16.3M	$43.5M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.275%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2947	+0.009%	$736K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	+0.043%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2950	+0.111%	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2949	+0.077%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2947	+0.009%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	−0.431%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2937	−0.330%	$156K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.243%	$93K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2950	+0.111%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.059%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.111%	$2.9M	$3.4M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	+0.077%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2953	+0.226%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2953	+0.196%	$589K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2954	+0.264%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2937	−0.337%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2948	+0.043%	$843K	$369K	50x	as long as short
Extended JUP-USDlong	+0.0352%	1h	0.2947	long leg	$2.2M	$491K	25x