Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.069%

Price spread now: Kraken Futures against Gate+0.471%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$1001.002% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.736%+$74 on $10k

Price spread, last 3 days (all we have)−0.217%−$22 · spread now +0.471%, 7d avg +0.136%

Together, before fees+0.519%+$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.334% dearer against Gate than usual: you sell high and buy low (spread +0.471% now, against its 7-day average of +0.136%): +$33 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.736%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2933	0.0076	pay 0.0038% / 4h	2h 54m	$733K	$1.5M	75x
Short	Kraken Futures PF_JUPUSD	0.2947	−0.0024	pay 0.0003% / 1h	54m 28s	$592K	$523K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.471%Rate

Funding earned: −$20.97
Price spread: +0.471% → +0.136%: $33.42
Slippage, 4 orders: −$75.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$87.76
Costs to cover: 1.002%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 14 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 Gate live order book, 3 min ago	3.39 bp	26.0 bp −$26	133.6 bp −$1,336	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 14 min ago	11.62 bp	25.2 bp −$25	98.4 bp −$984	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	−0.4347%	1h	0.2943	+0.341%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0442%	1h	0.2945	+0.402%	$976K	$234K	10x	as long as short
Pacifica JUP	−0.0353%	1h	0.2937	+0.146%	$280K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2946	+0.443%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0144%	1h	0.2935	+0.085%	$26K	$19K	5x	as long as short
Bybit JUPUSDT	−0.0127%	4h	0.2930	−0.102%	$15.8M	$20.8M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0088%	4h	0.2936	+0.102%	$4.0M	$15.0M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0055%	1h	0.2945	+0.419%	$54K	$16K	10x	as long as short
Kraken Futures PF_JUPUSDshort	−0.0024%	1h	0.2947	+0.471%	$592K	$523K	20x
dYdX JUP-USD	0.0000%	1h	0.2939	+0.189%	$38K	$31K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	+0.489%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2934	+0.044%	—	—	20x	as long as short
Gate JUP_USDTlong	+0.0076%	4h	0.2933	long leg	$733K	$1.5M	75x
Paradex JUP-USD-PERP	+0.0081%	8h	0.2935	+0.061%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2943	+0.355%	$779K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	+0.443%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	+0.034%	$603K	$635K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2939	+0.198%	$18.8M	$11.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	+0.324%	$113K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2934	+0.026%	$16.2M	$47.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2971	+1.296%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2936	+0.102%	$7.5M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2939	+0.205%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2936	+0.102%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2935	+0.068%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2938	+0.172%	$713K	$768K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+0.907%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2964	+1.057%	$158K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2941	+0.259%	$93K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	+0.341%	$111K	$55K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2934	+0.028%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2940	+0.239%	$40K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.2982	+1.654%	$98K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2962	+0.982%	$74K	$58K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2947	+0.477%	$847K	$377K	50x	as long as short
Phemex JUPUSDT	+0.0601%	4h	0.2950	+0.580%	$2.9M	$3.6M	50x	as long as short