Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.001%

Price spread now: KuCoin against Paradex+0.060%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on KuCoin

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.060% dearer against Paradex than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2967	0.0091	pay 0.0091% / 8h	2h 29m	$9K	$15K	10x
Short	KuCoin JUPUSDTM	0.2969	0.0100	get 0.0050% / 4h	2h 29m	$4.5M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Paradex. 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 ParadexbpFee KuCoinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $1.88
Price spread: +0.060% → 0.000%: $5.96
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.16
Costs to cover: 0.160%
Break-even: 37.5 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	5.06 bp	29.9 bp −$30	97.9 bp −$979	doesn't fit	doesn't fit

Paradex: 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	0.2930	−1.255%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0818% / S +0.0280%	1h	0.2967	−0.003%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0247%	4h	0.2965	−0.075%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0087%	1h	0.2967	+0.002%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2970	+0.080%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2968	+0.016%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2967	−0.015%	$601K	$624K	20x	as long as short
Gate JUP_USDT	+0.0018%	4h	0.2966	−0.041%	$740K	$1.9M	75x	as long as short
dYdX JUP-USD	+0.0036%	1h	0.2966	−0.046%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2971	+0.124%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2967	−0.013%	—	—	20x	as long as short
Variational Omni JUP	+0.0087%	4h	0.2962	−0.164%	$724K	$1.2M	—	as long as short
Paradex JUP-USD-PERPlong	+0.0091%	8h	0.2967	long leg	$9K	$15K	10x
Lighter JUP	+0.0096%	1h	0.2970	+0.103%	$876K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2967	−0.008%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2967	−0.008%	$599K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.161%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	−0.036%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2967	−0.023%	$283K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2968	+0.026%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2967	−0.008%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	−0.008%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2969	+0.060%	$4.5M	$7.2M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2966	−0.041%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	−0.008%	—	$21.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2967	+0.006%	$983K	$268K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.057%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.041%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	+0.161%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2961	−0.210%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2969	+0.060%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.200%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2964	−0.097%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0132%	4h	0.2962	−0.176%	$861K	$328K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.690%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2967	−0.021%	$2.2M	$539K	25x	as long as short