Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.101%

Price spread now: 01 Exchange against KuCoin+0.176%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. 01 Exchange is 0.176% dearer against KuCoin than usual: you sell high and buy low (spread +0.176% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 49 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2954	0.0100	pay 0.0050% / 4h	3h 58m	$4.0M	$6.6M	50x
Short	01 Exchange JUPUSD	0.2959	0.0088	get 0.0011% / 1h	58m 52s	$26K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.176%Rate

Funding earned: −$2.52
Price spread: +0.176% → 0.000%: $17.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$3.92
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 min ago; 01 Exchange: 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, 9 min ago	5.08 bp	50.5 bp −$50	130.2 bp −$1,302	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 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	0.2967	+0.440%	$3K	$206K	5.5x	as long as short
Bybit JUPUSDT	−0.0471%	4h	0.2950	−0.135%	$15.9M	$17.9M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0318%	1h	0.2951	−0.091%	$975K	$233K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2954	−0.013%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2956	+0.081%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2955	+0.034%	$39K	$23K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2954	0.000%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2955	+0.032%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2953	−0.033%	—	—	20x	as long as short
01 Exchange JUPUSDshort	+0.0088%	1h	0.2959	+0.176%	$26K	$17K	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2956	+0.061%	$781K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2957	+0.114%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.017%	$601K	$486K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2954	+0.017%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.032%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2951	−0.102%	$16.2M	$40.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	−0.068%	$4.0M	$11.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.180%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2954	0.000%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2951	−0.102%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2954	long leg	$4.0M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2953	−0.034%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	0.000%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2959	+0.186%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2958	+0.135%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	+0.135%	$157K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	+0.237%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2954	0.000%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	−0.135%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.135%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.102%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2955	+0.021%	$592K	$469K	20x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2950	−0.121%	$2.2M	$498K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2970	+0.545%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2964	+0.322%	$97K	$281K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2954	0.000%	$836K	$375K	50x	as long as short