Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against KuCoin−0.051%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.051% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2992	0.0100	pay 0.0050% / 4h	3h 52m	$4.2M	$6.8M	50x
Short	gTrade (Gains Network) JUP/USD	0.2990	L +0.0002% / S −0.0001%	get 0.0000% / 1h	52m 19s	$17K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.051%Rate

Funding earned: −$20.76
Price spread: −0.051% → 0.000%: −$5.15
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$47.91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; gTrade (Gains Network): 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, 6 min ago	3.35 bp	21.4 bp −$21	82.4 bp −$824	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.4634%	1h	0.2945	−1.571%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2986	−0.202%	$284K	$158K	10x	as long as short
Gate JUP_USDT	−0.0218%	4h	0.2988	−0.134%	$743K	$1.5M	75x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2991	−0.021%	$16K	—	100x	as long as short
ApeX Omni JUPUSDT	−0.0170%	1h	0.2987	−0.167%	$159K	$319K	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2985	−0.223%	$601K	$548K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2986	−0.207%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0002% / S −0.0001%	1h	0.2990	−0.051%	$17K	—	150x
OKX JUP-USDT-SWAP	+0.0033%	4h	0.2982	−0.334%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2993	+0.017%	$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	0.2990	−0.057%	—	—	20x	as long as short
Variational Omni JUP	+0.0064%	4h	0.2987	−0.164%	$723K	$776K	—	as long as short
dYdX JUP-USD	+0.0069%	1h	0.2987	−0.153%	$39K	$32K	5x	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2987	−0.174%	$9K	$13K	10x	as long as short
Bybit JUPUSDT	+0.0092%	4h	0.2983	−0.301%	$16.3M	$21.6M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2987	−0.180%	$797K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2987	−0.167%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2989	−0.100%	$620K	$643K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2995	+0.097%	$19.2M	$12.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2991	−0.020%	$116K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2985	−0.242%	$16.4M	$51.3M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2979	−0.435%	$62K	$9K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2992	0.000%	$8.1M	$7.2M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2992	long leg	$4.2M	$6.8M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2985	−0.234%	$5.8M	$7.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2988	−0.134%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2991	−0.023%	$990K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	−0.113%	$1.6M	$3.7M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2997	+0.174%	$95K	$119K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2981	−0.368%	$112K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2988	−0.134%	$2.9M	$3.8M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2982	−0.334%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0108%	4h	0.2991	−0.033%	$844K	$310K	50x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2983	−0.305%	$2.2M	$494K	25x	as long as short
Phoenix JUP	+0.0214%	1h	0.2987	−0.160%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2996	+0.140%	$75K	$88K	50x	as long as short