Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0308%/8h= +33.8% APRpaid last 24h −0.057%

Price spread now: KuCoin against Kraken Futures+0.027%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1151.145% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.740%−$74 on $10k

Price spread, last 3 days (all we have)−0.214%−$21 · spread now +0.027%, 7d avg −0.071%

Together, before fees−0.954%−$95 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.098% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.071%. Mind the row above: over the last 7 days funding on this pair cost −0.740%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2982	−0.0208	get 0.0026% / 1h	49m 02s	$602K	$621K	20x
Short	KuCoin JUPUSDTM	0.2983	0.0100	get 0.0050% / 4h	49m 02s	$4.3M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $64.78
Price spread: +0.027% → −0.071%: $9.83
Slippage, 4 orders: −$92.54
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.94
Costs to cover: 1.145%
Break-even: 11.3 days

Slippage from Kraken Futures: live order book, 29 min ago; KuCoin: live order book, 9 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 Kraken Futures live order book, 29 min ago	11.84 bp	25.6 bp −$26	100.5 bp −$1,005	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	6.72 bp	39.5 bp −$40	116.6 bp −$1,166	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	−0.4371%	1h	0.2944	−1.281%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2982	+0.007%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSDlong	−0.0208%	1h	0.2982	long leg	$602K	$621K	20x
Pacifica JUP	−0.0199%	1h	0.2981	−0.024%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2981	−0.033%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2982	+0.010%	$17K	—	150x	as long as short
BloFin JUP-USDT	+0.0053%	4h	0.2980	−0.073%	$846K	$330K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2980	−0.086%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0068%	4h	0.2980	−0.083%	$16.3M	$23.0M	50x	as long as short
Gate JUP_USDT	+0.0070%	4h	0.2979	−0.107%	$749K	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0080%	1h	0.2984	+0.077%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.2982	+0.007%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2983	+0.031%	$799K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2981	−0.023%	$615K	$663K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2982	−0.004%	$109K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2980	−0.073%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2980	−0.073%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2983	+0.015%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2981	−0.040%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2983	+0.027%	$4.3M	$7.0M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2982	−0.006%	$5.9M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2979	−0.107%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	−0.010%	$987K	$246K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	−0.136%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2983	+0.016%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2982	−0.006%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2988	+0.191%	$94K	$129K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2981	−0.040%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.275%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.128%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	−0.103%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0127%	1h	0.2981	−0.024%	$39K	$34K	5x	as long as short
Phoenix JUP	+0.0162%	1h	0.2987	+0.148%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0178%	1h	0.2986	+0.117%	$19.2M	$13.2M	10x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2979	−0.108%	$2.2M	$506K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2987	+0.155%	$74K	$95K	50x	as long as short