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: KuCoin against Hyperliquid−0.047%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on Hyperliquid Short on KuCoin

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+0.051%+$5 · spread now −0.047%, 7d avg −0.039%

Together, before fees−0.042%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2983	0.0100	pay 0.0013% / 1h	22m 36s	$19.1M	$14.0M	10x
Short	KuCoin JUPUSDTM	0.2982	0.0100	get 0.0050% / 4h	2h 22m	$4.5M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.039%: −$0.8
Slippage, 4 orders: −$70.32
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$92.12
Costs to cover: 0.913%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; KuCoin: live order book, 5 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 Hyperliquid live order book, 10 min ago	1.35 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.71 bp	40.2 bp −$40	103.0 bp −$1,030	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	0.2933	−1.689%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0845% / S +0.0289%	1h	0.2981	−0.078%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0114%	4h	0.2978	−0.181%	$16.3M	$24.1M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2986	+0.097%	$95K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2982	−0.037%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2983	−0.025%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2982	−0.033%	$605K	$624K	20x	as long as short
dYdX JUP-USD	+0.0032%	1h	0.2983	−0.018%	$39K	$36K	5x	as long as short
Gate JUP_USDT	+0.0034%	4h	0.2979	−0.147%	$742K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2979	−0.160%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0063%	4h	0.2985	+0.054%	$859K	$331K	50x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2980	−0.101%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0092%	8h	0.2979	−0.142%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0094%	4h	0.2982	−0.034%	$728K	$1.2M	—	as long as short
Lighter JUP	+0.0096%	1h	0.2982	−0.047%	$874K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2982	−0.047%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2978	−0.181%	$601K	$670K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2983	long leg	$19.1M	$14.0M	10x
Aster JUPUSDT	+0.0100%	4h	0.2981	−0.080%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2980	−0.122%	$284K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2979	−0.147%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2980	−0.114%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2979	−0.147%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2982	−0.047%	$4.5M	$7.2M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2980	−0.114%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2979	−0.147%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2981	−0.080%	$988K	$267K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2980	−0.117%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2978	−0.181%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+0.087%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2975	−0.282%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.087%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.741%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	−0.147%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2978	−0.192%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.204%	$74K	$95K	50x	as long as short