Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−1.230%67s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as 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−$1181.184% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+1.306%+$131 · spread now −1.230%, 7d avg +0.018%

Together, before fees+1.369%+$137 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: ApeX Omni is 1.248% cheaper against KuCoin than usual: you would sell low and buy high, −$125 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 67 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	KuCoin JUPUSDTM	0.2928	0.0100	pay 0.0050% / 4h	2h 18m	$4.0M	$6.6M	50x
Short	ApeX Omni JUPUSDT	0.2892	0.0100	get 0.0013% / 1h	18m 16s	$159K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −1.230%Rate

Funding earned: $0
Price spread: −1.230% → +0.018%: −$124.77
Slippage, 4 orders: −$96.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$243.22
Costs to cover: 1.184%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 28 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 KuCoin live order book, 5 min ago	5.17 bp	41.8 bp −$42	124.6 bp −$1,246	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 28 min ago	6.80 bp	17.5 bp −$17	102.4 bp −$1,024	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	−0.4499%	1h	0.2868	−2.049%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2929	+0.044%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2927	−0.020%	$279K	$141K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2930	+0.075%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2928	+0.013%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2929	+0.050%	$39K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2929	+0.044%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2931	+0.116%	$761K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2926	−0.052%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2927	−0.043%	$580K	$493K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2930	+0.061%	$18.1M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2930	+0.062%	$107K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2929	+0.036%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2927	−0.034%	$15.8M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2928	0.000%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.990%	$60K	$280	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2927	−0.034%	$718K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2928	0.000%	$6.8M	$6.1M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2928	long leg	$4.0M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2929	+0.034%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2928	0.000%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2929	+0.031%	$967K	$192K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2909	−0.649%	$706K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2896	−1.099%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2892	−1.230%	$159K	$255K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2930	+0.068%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2929	+0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2926	−0.068%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2939	+0.385%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2929	+0.048%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2929	+0.034%	$2.2M	$556K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2931	+0.086%	$578K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2905	−0.779%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2933	+0.184%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2928	0.000%	$824K	$377K	50x	as long as short
Phemex JUPUSDT	+0.0511%	4h	0.2929	+0.034%	$2.9M	$3.1M	50x	as long as short