Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.101%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$730.730% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.101%, 7d avg −0.058%

Together, before fees+0.142%+$14 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: BingX is 0.043% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2956	0.0100	pay 0.0050% / 4h	1h 11m	$4.3M	$7.1M	50x
Short	BingX JUP-USDT	0.2953	0.0100	get 0.0050% / 4h	1h 11m	—	$20.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → −0.058%: −$4.31
Slippage, 4 orders: −$50.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$77.29
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 7 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, 1 min ago	5.07 bp	29.1 bp −$29	123.0 bp −$1,230	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	1.69 bp	6.8 bp −$7	11.9 bp −$119	21.1 bp −$2,112	54.5 bp −$27.3K

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	−0.3508%	1h	0.2911	−1.522%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2955	−0.048%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2953	−0.088%	$281K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2954	−0.055%	$598K	$616K	20x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2954	−0.051%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2955	−0.017%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	−0.017%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0010%	4h	0.2952	−0.135%	$745K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	−0.081%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0063%	4h	0.2952	−0.135%	$16.2M	$23.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0076%	8h	0.2953	−0.095%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2956	0.000%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2956	−0.008%	$611K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.088%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	−0.003%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.128%	$16.3M	$54.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	−0.135%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.101%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.135%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2956	long leg	$4.3M	$7.1M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2953	−0.101%	$5.6M	$8.1M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2953	−0.101%	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	−0.088%	$977K	$254K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2952	−0.148%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.034%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	0.000%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2959	+0.088%	$93K	$131K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2955	−0.034%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.338%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.068%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	−0.134%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0126%	1h	0.2957	+0.022%	$39K	$35K	5x	as long as short
BloFin JUP-USDT	+0.0148%	4h	0.2954	−0.068%	$844K	$327K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.129%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2952	−0.147%	$2.2M	$504K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2957	+0.047%	$74K	$94K	50x	as long as short