Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h −0.036%

Price spread now: Orderly against Kraken Futures−0.011%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2953	−0.0024	get 0.0003% / 1h	5m 02s	$590K	$505K	20x
Short	Orderly PERP_JUP_USDC	0.2953	0.0100	get 0.0050% / 4h	2h 05m	$31K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.011%Rate

Funding earned: $25.99
Price spread: −0.011% → 0.000%: −$1.08
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.91
Costs to cover: 0.160%
Break-even: 4.6 days

Slippage unknown: Kraken Futures: live order book, 63 min ago; Orderly: no order-book sample. 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 Kraken Futures live order book, 63 min ago	11.62 bp	19.9 bp −$20	108.2 bp −$1,082	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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	0.2917	−1.230%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2952	−0.058%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2953	−0.013%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0084%	4h	0.2951	−0.089%	$15.8M	$19.6M	50x	as long as short
Kraken Futures PF_JUPUSDlong	−0.0024%	1h	0.2953	long leg	$590K	$505K	20x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2953	−0.004%	$54K	$16K	10x	as long as short
OKX JUP-USDT-SWAP	+0.0001%	4h	0.2951	−0.079%	$4.1M	$13.0M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	−0.017%	—	—	150x	as long as short
Variational Omni JUP	+0.0052%	4h	0.2952	−0.045%	$720K	$749K	—	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	−0.053%	—	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0076%	4h	0.2952	−0.045%	$735K	$1.5M	75x	as long as short
dYdX JUP-USD	+0.0077%	1h	0.2952	−0.031%	$39K	$28K	5x	as long as short
Paradex JUP-USD-PERP	+0.0094%	8h	0.2951	−0.072%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2955	+0.074%	$781K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.062%	$597K	$522K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2954	+0.037%	$18.8M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2954	+0.008%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2951	−0.076%	$16.3M	$44.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.045%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	−0.011%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2952	−0.045%	$5.8M	$6.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	−0.045%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2952	−0.045%	$977K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.121%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2954	+0.023%	$157K	$280K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2956	+0.081%	$93K	$109K	10x	as long as short
Orderly PERP_JUP_USDCshort	+0.0100%	4h	0.2953	−0.011%	$31K	$43K	10x
HTX JUP-USDT	+0.0100%	4h	0.2944	−0.316%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2956	+0.091%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	−0.078%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.080%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2952	−0.031%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2959	+0.175%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2953	−0.021%	$74K	$50K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2952	−0.051%	$2.2M	$489K	25x	as long as short