Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%

Price spread now: Hyperliquid against KuCoin+0.054%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$920.923% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.035%−$3 · spread now +0.054%, 7d avg +0.042%

Together, before fees+0.035%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2945	0.0100	pay 0.0050% / 4h	3h 01m	$4.0M	$6.6M	50x
Short	Hyperliquid JUP	0.2947	0.0100	get 0.0013% / 1h	1m 27s	$18.5M	$8.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.042%: $1.18
Slippage, 4 orders: −$71.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$91.13
Costs to cover: 0.923%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Hyperliquid: live order book, 11 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 KuCoin live order book, 1 min ago	5.09 bp	46.7 bp −$47	249.3 bp −$2,493	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.17 bp	10.2 bp −$10	doesn't fit	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	0.2918	−0.917%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2943	−0.063%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2944	−0.043%	$280K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2944	−0.018%	$38K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2944	−0.041%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2944	−0.042%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	−0.033%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2947	+0.054%	$777K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2944	−0.049%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2942	−0.093%	$593K	$487K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUPshort	+0.0100%	1h	0.2947	+0.054%	$18.5M	$8.9M	10x
Aster JUPUSDT	+0.0100%	4h	0.2945	+0.002%	$110K	$273K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2944	−0.036%	$16.1M	$39.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2941	−0.129%	$15.8M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2943	−0.068%	$4.1M	$11.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2947	+0.068%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2944	−0.034%	$731K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2945	0.000%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2945	long leg	$4.0M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2943	−0.068%	$5.7M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2943	−0.068%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2943	−0.054%	$972K	$187K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	+0.203%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.204%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	+0.034%	$162K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.170%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2943	−0.068%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2937	−0.272%	$110K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.170%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2941	−0.138%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2945	+0.010%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2946	+0.017%	$585K	$470K	20x	as long as short
Extended JUP-USD	+0.0184%	1h	0.2943	−0.077%	$2.2M	$507K	25x	as long as short
Phoenix JUP	+0.0216%	1h	0.2947	+0.054%	$97K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2968	+0.774%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2948	+0.102%	$829K	$378K	50x	as long as short