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: KuCoin against Binance+0.098%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.098%, 7d avg +0.043%

Together, before fees−0.086%−$9 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: KuCoin is 0.055% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JUPUSDT	0.2953	0.0100	pay 0.0050% / 4h	2h 00m	$16.3M	$56.1M	75x
Short	KuCoin JUPUSDTM	0.2956	0.0100	get 0.0050% / 4h	2h 00m	$4.5M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.043%: $5.51
Slippage, 4 orders: −$40.77
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.25
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 8 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 Binance live order book, 12 min ago	1.69 bp	11.0 bp −$11	33.3 bp −$333	303.4 bp −$30.3K	doesn't fit
Sell KuCoin live order book, 8 min ago	3.38 bp	26.3 bp −$26	90.1 bp −$901	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	0.2934	−0.647%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0948% / S +0.0351%	1h	0.2956	+0.092%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0359%	1h	0.2955	+0.058%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0166%	4h	0.2952	−0.037%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0040%	4h	0.2954	+0.031%	$734K	$2.0M	75x	as long as short
01 Exchange JUPUSD	−0.0032%	1h	0.2953	+0.010%	$26K	$19K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2954	+0.041%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	+0.087%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2954	+0.036%	$599K	$624K	20x	as long as short
dYdX JUP-USD	+0.0025%	1h	0.2957	+0.126%	$39K	$35K	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	0.2953	−0.016%	—	—	20x	as long as short
Variational Omni JUP	+0.0076%	4h	0.2952	−0.024%	$722K	$1.1M	—	as long as short
Paradex JUP-USD-PERP	+0.0079%	8h	0.2957	+0.117%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2959	+0.193%	$823K	$1.4M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.029%	$611K	$678K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	+0.169%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	+0.115%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2956	+0.104%	$282K	$179K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2953	long leg	$16.3M	$56.1M	75x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	−0.037%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	−0.003%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2956	+0.098%	$4.5M	$7.2M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2955	+0.064%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	−0.037%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2958	+0.169%	$979K	$263K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.048%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.098%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	+0.149%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2954	+0.031%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2949	−0.139%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.166%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	+0.031%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	−0.020%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2952	−0.041%	$2.2M	$541K	25x	as long as short
BloFin JUP-USDT	+0.0141%	4h	0.2952	−0.037%	$855K	$337K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+1.233%	$74K	$94K	50x	as long as short