Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0375%/8h= +41.0% APRpaid last 24h +0.213%

Price spread now: KuCoin against GMX−0.001%7-day average — · you buy dearer than you sell

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

Long on GMX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 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: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JUP/USD [WBTC.b-USDC]	0.2933	L −0.0275% / S +0.0618%	get 0.0034% / 1h	49m 20s	$16K	—	100x
Short	KuCoin JUPUSDTM	0.2933	0.0100	get 0.0050% / 4h	49m 20s	$4.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GMX. 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 GMXbpFee KuCoinbpOrdersPrice spread, now −0.001%Rate

Funding earned: $78.66
Price spread: −0.001% → 0.000%: −$0.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $54.59
Costs to cover: 0.240%
Break-even: 2.1 days

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	3.40 bp	28.7 bp −$29	108.8 bp −$1,088	doesn't fit	doesn't fit

GMX: 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	−0.4661%	1h	0.2910	−0.785%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]long	L −0.0275% / S +0.0618%	1h	0.2933	long leg	$16K	—	100x
Pacifica JUP	−0.0125%	1h	0.2934	+0.041%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2932	−0.045%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2934	+0.040%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2936	+0.085%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2931	−0.068%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2934	+0.020%	$26K	$19K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2938	+0.163%	$777K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2932	−0.028%	$586K	$489K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0098%	8h	0.2935	+0.073%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	+0.025%	$592K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2936	+0.088%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2933	+0.004%	$113K	$292K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2931	−0.053%	$16.1M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2929	−0.130%	$15.7M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2930	−0.103%	$4.0M	$12.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.818%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	−0.001%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2932	−0.035%	$7.2M	$6.4M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2933	−0.001%	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2932	−0.035%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2931	−0.069%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	+0.030%	$973K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	−0.001%	$717K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.545%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2939	+0.204%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	+0.112%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2932	−0.035%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2927	−0.205%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2940	+0.238%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2925	−0.289%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2940	+0.255%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+1.087%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	+0.102%	$841K	$381K	50x	as long as short
Extended JUP-USD	+0.0368%	1h	0.2929	−0.130%	$2.2M	$502K	25x	as long as short