Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against KuCoin−0.026%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$860.864% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.221%+$22 · spread now −0.026%, 7d avg −0.050%

Together, before fees+0.220%+ Points / potential airdropNado: Active · farm board+$22 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: Nado is 0.024% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2935	0.0100	pay 0.0050% / 4h	1h 11m	$4.0M	$6.6M	50x
Short	Nado JUP-PERP	0.2934	0.0100	get 0.0012% / 1h	11m 27s	$572K	$490K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.050%: $2.42
Slippage, 4 orders: −$67.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$83.99
Costs to cover: 0.864%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Nado: live order book, 32 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	5.11 bp	35.8 bp −$36	115.6 bp −$1,156	doesn't fit	doesn't fit
Sell Nado live order book, 32 min ago	3.07 bp	10.4 bp −$10	44.3 bp −$443	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	0.2906	−0.988%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2934	−0.048%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2934	−0.042%	$280K	$140K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2934	−0.029%	—	—	150x	as long as short
dYdX JUP-USD	+0.0037%	1h	0.2935	+0.014%	$39K	$17K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2934	−0.042%	—	—	20x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0091%	1h	0.2935	+0.007%	$53K	$17K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	+0.075%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2934	−0.020%	$9K	$11K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2934	−0.026%	$572K	$490K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2936	+0.031%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2934	−0.034%	$106K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2934	−0.028%	$16.1M	$39.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2932	−0.102%	$15.9M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2934	−0.034%	$4.0M	$10.4M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	−0.068%	$700K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.034%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2935	long leg	$4.0M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2935	0.000%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2934	−0.034%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2935	0.000%	$971K	$227K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	−0.052%	$711K	$531K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2936	+0.022%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2934	−0.034%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	+0.031%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2934	−0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2928	−0.239%	$110K	$43K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2934	−0.017%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2933	−0.085%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2937	+0.082%	$26K	$6K	5x	as long as short
Phoenix JUP	+0.0244%	1h	0.2940	+0.184%	$98K	$285K	10x	as long as short
Extended JUP-USD	+0.0304%	1h	0.2934	−0.046%	$2.2M	$572K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.187%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2931	−0.136%	$819K	$373K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2936	+0.022%	$579K	$418K	20x	as long as short
Phemex JUPUSDT	+0.0529%	4h	0.2938	+0.102%	$2.9M	$3.0M	50x	as long as short