Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.3608%/8h= +395.1% APRpaid last 24h +0.495%

Price spread now: KuCoin against Injective+1.337%7-day average +2.155% · you sell dearer than you buy

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+2.223%+$222 on $10k

Price spread, last 3 days (all we have)−0.751%−$75 · spread now +1.337%, 7d avg +2.155%

Together, before fees+1.472%+$147 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.819% cheaper against Injective than usual: you would sell low and buy high (spread +1.337% now, against its 7-day average of +2.155%). If the spread goes back, that is −$82 on $10k: about 18 hours of funding at the current rate (+$108 a day). At the pace of the last 7 days (+2.223% in total) that is about 2.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.223% in total (about 115.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective JUP/USDC PERP	0.2918	−0.3508	get 0.0439% / 1h	43m 01s	$3K	$206K	5.5x
Short	KuCoin JUPUSDTM	0.2957	0.0100	get 0.0050% / 4h	1h 43m	$4.3M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee KuCoinbpOrdersPrice spread, now +1.337%Rate

Funding earned: $757.69
Price spread: +1.337% → +2.155%: −$81.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $663.82
Costs to cover: 0.120%
Break-even: 0.9 days

Slippage unknown: Injective: live order book, 41 min ago; KuCoin: live order book, 5 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 Injective live order book, 41 min ago	70.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.77 bp	32.9 bp −$33	105.7 bp −$1,057	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 PERPlong	−0.3508%	1h	0.2918	long leg	$3K	$206K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0534% / S +0.0370%	1h	0.2957	+1.341%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	+1.260%	$282K	$173K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2957	+1.320%	$599K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0112%	1h	0.2960	+1.432%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0021%	1h	0.2956	+1.316%	$56K	$14K	10x	as long as short
Gate JUP_USDT	0.0000%	4h	0.2954	+1.234%	$734K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	+1.307%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0026%	4h	0.2955	+1.278%	$16.2M	$23.8M	50x	as long as short
dYdX JUP-USD	+0.0050%	1h	0.2955	+1.257%	$39K	$35K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2956	+1.286%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0065%	8h	0.2957	+1.349%	$9K	$15K	10x	as long as short
BloFin JUP-USDT	+0.0076%	4h	0.2954	+1.234%	$851K	$331K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+1.381%	$794K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	+1.225%	$612K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	+1.498%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	+1.337%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2957	+1.331%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2954	+1.234%	$4.1M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2952	+1.165%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	+1.371%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2957	+1.337%	$4.3M	$7.2M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2957	+1.337%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	+1.302%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2958	+1.374%	$979K	$263K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	+1.001%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	+1.232%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2954	+1.234%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	+1.484%	$93K	$137K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	+1.302%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	+1.097%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2959	+1.405%	$2.9M	$4.1M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2955	+1.259%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	+1.251%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2956	+1.306%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+2.450%	$74K	$94K	50x	as long as short