Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.054%

Price spread now: Hyperliquid against KuCoin+0.088%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$930.929% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.088%, 7d avg +0.039%

Together, before fees+0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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: Hyperliquid is 0.049% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2969	0.0100	pay 0.0050% / 4h	2h 40m	$4.5M	$7.2M	50x
Short	Hyperliquid JUP	0.2972	0.0100	get 0.0013% / 1h	40m 29s	$19.1M	$14.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.039%: $4.86
Slippage, 4 orders: −$71.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$88.05
Costs to cover: 0.929%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 2 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, 2 min ago	1.68 bp	42.2 bp −$42	106.8 bp −$1,068	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 2 min ago	1.18 bp	14.5 bp −$14	doesn't fit	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	−0.5000%	1h	0.2929	−1.347%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0748% / S +0.0258%	1h	0.2969	+0.012%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0348%	4h	0.2965	−0.135%	$16.3M	$24.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0053%	1h	0.2970	+0.037%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0004%	4h	0.2965	−0.135%	$740K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2971	+0.081%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2969	+0.002%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2970	+0.042%	$603K	$623K	20x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2970	+0.031%	$39K	$36K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0044%	1h	0.2969	0.000%	$984K	$268K	10x	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	+0.0056%	1h	0.2970	+0.024%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2967	−0.061%	—	—	20x	as long as short
Variational Omni JUP	+0.0089%	4h	0.2965	−0.134%	$725K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2968	−0.034%	$9K	$15K	10x	as long as short
BloFin JUP-USDT	+0.0094%	4h	0.2966	−0.101%	$868K	$329K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.074%	$894K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2970	+0.034%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.084%	$598K	$668K	10x	as long as short
Hyperliquid JUPshort	+0.0100%	1h	0.2972	+0.088%	$19.1M	$14.1M	10x
Aster JUPUSDT	+0.0100%	4h	0.2969	−0.015%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2968	−0.043%	$283K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	−0.053%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2966	−0.101%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	−0.067%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2969	long leg	$4.5M	$7.2M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.067%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2966	−0.101%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.269%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	−0.269%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	+0.111%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.303%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2972	+0.101%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.118%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2966	−0.106%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.630%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2966	−0.109%	$2.2M	$539K	25x	as long as short