Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.044%

Price spread now: Deribit against KuCoin+0.051%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.051% dearer against KuCoin than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2949	0.0100	pay 0.0050% / 4h	1h 58m	$4.0M	$7.0M	50x
Short	Deribit JUP_USDC-PERPETUAL	0.2950	0	get 0.0000% / 1h	58m 09s	$55K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$21
Price spread: +0.051% → 0.000%: $5.09
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$34.91
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Deribit: 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 KuCoin live order book, 3 min ago	6.76 bp	50.3 bp −$50	133.2 bp −$1,332	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 36 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.137%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2949	+0.008%	$281K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2950	+0.051%	$55K	$9K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2950	+0.036%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0040%	1h	0.2952	+0.102%	$163K	$234K	50x	as long as short
dYdX JUP-USD	+0.0041%	1h	0.2956	+0.242%	$39K	$10K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2947	−0.059%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2950	+0.037%	$26K	$2K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2951	+0.071%	$759K	$947K	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2948	−0.019%	$9K	$9K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2947	−0.051%	$579K	$479K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2950	+0.039%	$17.9M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2949	+0.012%	$100K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	−0.034%	$16.2M	$36.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2946	−0.102%	$16.0M	$16.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	−0.068%	$4.0M	$9.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.136%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2949	0.000%	$703K	$952K	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2947	−0.068%	$7.9M	$5.1M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2949	long leg	$4.0M	$7.0M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2950	+0.034%	$5.8M	$4.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	−0.034%	—	$21.4M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2949	+0.014%	$994K	$236K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	+0.061%	$714K	$320K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2959	+0.329%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.187%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2949	0.000%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2944	−0.170%	$111K	$57K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2948	−0.033%	$2.2M	$543K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	0.000%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0272%	4h	0.2956	+0.237%	$2.9M	$2.8M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2951	+0.058%	$81K	$56K	50x	as long as short
Phoenix JUP	+0.0318%	1h	0.2959	+0.322%	$97K	$256K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2954	+0.170%	$827K	$364K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0526%	1h	0.2951	+0.060%	$580K	$391K	20x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+2.408%	$3K	$205K	5.5x	as long as short