Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: KuCoin against ApeX Omni−0.405%67s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1111.112% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.405%, 7d avg −0.019%

Together, before fees−0.102%−$10 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 0.386% cheaper against ApeX Omni than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2965	0.0100	pay 0.0013% / 1h	6m 26s	$157K	$266K	50x
Short	KuCoin JUPUSDTM	0.2953	0.0100	get 0.0050% / 4h	1h 06m	$4.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.405%Rate

Funding earned: $0
Price spread: −0.405% → −0.019%: −$38.59
Slippage, 4 orders: −$89.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$149.75
Costs to cover: 1.112%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 56 min ago; KuCoin: live order book, 1 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 ApeX Omni live order book, 56 min ago	11.88 bp	20.6 bp −$21	112.7 bp −$1,127	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	3.38 bp	30.1 bp −$30	98.5 bp −$985	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	0.2941	−0.809%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2961	−0.121%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2956	−0.311%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0054%	1h	0.2960	−0.155%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	−0.414%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.481%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2960	−0.155%	$782K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2954	−0.385%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.371%	$597K	$501K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	−0.320%	$18.8M	$9.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2957	−0.270%	$114K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.438%	$16.3M	$42.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2950	−0.516%	$15.8M	$19.0M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2951	−0.472%	$4.0M	$12.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2977	+0.405%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2956	−0.304%	$739K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.438%	$7.3M	$6.6M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2953	−0.405%	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2953	−0.405%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2951	−0.472%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	−0.202%	$981K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2967	+0.065%	$724K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.058%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2965	long leg	$157K	$266K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	−0.361%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.135%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.371%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	−0.067%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.202%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0112%	1h	0.2957	−0.256%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0200%	1h	0.2960	−0.158%	$592K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2953	−0.422%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	−0.138%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2968	+0.098%	$99K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2962	−0.101%	$842K	$385K	50x	as long as short
Extended JUP-USD	+0.0448%	1h	0.2952	−0.431%	$2.2M	$500K	25x	as long as short