Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: KuCoin against GRVT+0.271%53s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1051.053% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days−0.404%−$40 · spread now +0.271%, 7d avg −0.013%

Together, before fees−0.483%+ Points / potential airdropGRVT: Active · farm board−$48 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.283% dearer against GRVT than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 53 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	GRVT JUP_USDT_Perp	0.2948	0.0100	pay 0.0050% / 4h	2h 28m	$1.6M	$3.9M	10x
Short	KuCoin JUPUSDTM	0.2956	0.0100	get 0.0050% / 4h	2h 28m	$4.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. 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 GRVTbpFee KuCoinbpOrdersPrice spread, now +0.271%Rate

Funding earned: $0
Price spread: +0.271% → −0.013%: $28.33
Slippage, 4 orders: −$84.32
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.99
Costs to cover: 1.053%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; KuCoin: live order book, 4 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 GRVT live order book, 5 min ago	1.70 bp	16.5 bp −$16	134.9 bp −$1,349	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.08 bp	44.2 bp −$44	128.0 bp −$1,280	doesn't fit	doesn't fit

JUP on 35 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	0.2901	−1.595%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2956	+0.275%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2952	+0.149%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0212%	4h	0.2954	+0.203%	$15.9M	$20.3M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0062%	4h	0.2957	+0.305%	$4.1M	$14.4M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2952	+0.123%	$591K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2951	+0.111%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+0.178%	—	—	150x	as long as short
Variational Omni JUP	+0.0009%	4h	0.2947	−0.033%	$720K	$751K	—	as long as short
Gate JUP_USDT	+0.0016%	4h	0.2955	+0.237%	$731K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0017%	1h	0.2956	+0.264%	$39K	$29K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	+0.094%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0088%	1h	0.2959	+0.379%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2956	+0.276%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2959	+0.359%	$782K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	+0.135%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	+0.186%	$600K	$600K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.372%	$18.8M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.327%	$114K	$320K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	+0.278%	$16.3M	$46.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.403%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	+0.271%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2956	+0.271%	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2957	+0.305%	$5.8M	$6.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	+0.237%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	+0.169%	$978K	$236K	10x	as long as short
GRVT JUP_USDT_Perplong	+0.0100%	4h	0.2948	long leg	$1.6M	$3.9M	10x
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	+0.135%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	+0.345%	$94K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	+0.169%	$111K	$49K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	+0.011%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.400%	$97K	$402K	10x	as long as short
Phemex JUPUSDT	+0.0243%	4h	0.2956	+0.271%	$2.9M	$3.6M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	+0.186%	$74K	$52K	50x	as long as short
Extended JUP-USD	+0.0328%	1h	0.2955	+0.227%	$2.2M	$488K	25x	as long as short