Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: KuCoin against gTrade (Gains Network)−0.009%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.2936	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	56m 09s	$16K	—	150x
Short	KuCoin JUPUSDTM	0.2936	0.0100	get 0.0050% / 4h	3h 56m	$4.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.009%Rate

Funding earned: $20.77
Price spread: −0.009% → 0.000%: −$0.89
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2.11
Costs to cover: 0.220%
Break-even: 7.7 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	3.40 bp	32.8 bp −$33	104.8 bp −$1,048	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.3798%	1h	0.2903	−1.133%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2935	−0.037%	$16K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.2940	+0.122%	$280K	$137K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2936	−0.016%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S −0.0001%	1h	0.2936	long leg	$16K	—	150x
Reya JUPRUSDPERP	+0.0057%	1h	0.2936	−0.025%	—	—	20x	as long as short
dYdX JUP-USD	+0.0074%	1h	0.2942	+0.212%	$39K	$15K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	+0.025%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2939	+0.092%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2937	+0.025%	$579K	$492K	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	0.2940	+0.141%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2937	+0.019%	$102K	$297K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2936	−0.009%	$16.1M	$38.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2932	−0.131%	$15.9M	$17.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2933	−0.111%	$4.1M	$10.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2936	−0.009%	$699K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2935	−0.043%	$7.1M	$5.5M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2936	−0.009%	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2935	−0.043%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2934	−0.077%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	−0.074%	$970K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2928	−0.278%	$711K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	−0.077%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2932	−0.145%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2939	+0.093%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2936	−0.009%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2929	−0.247%	$112K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2942	+0.195%	$2.9M	$3.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2935	−0.055%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2934	−0.077%	$2.2M	$567K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2933	−0.107%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0224%	1h	0.2941	+0.175%	$26K	$2K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0279%	1h	0.2938	+0.050%	$578K	$415K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2944	+0.281%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2934	−0.077%	$640K	$376K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2942	+0.206%	$106K	$275K	10x	as long as short