Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.073%

Price spread now: KuCoin against Extended+0.122%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.813%−$81 on $10k

Price spread, last 7 days−0.248%−$25 · spread now +0.122%, 7d avg −0.002%

Together, before fees−1.061%+ Points / potential airdropExtended: Active · farm board−$106 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.124% dearer against Extended than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.002%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.813% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2968	0.0240	pay 0.0030% / 1h	23m 46s	$2.2M	$507K	25x
Short	KuCoin JUPUSDTM	0.2972	0.0100	get 0.0050% / 4h	23m 46s	$4.2M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$29.4
Price spread: +0.122% → −0.002%: $12.37
Slippage, 4 orders: −$78.31
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$112.34
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 4 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 Extended live order book, 5 min ago	6.70 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.03 bp	43.4 bp −$43	109.4 bp −$1,094	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	−0.4371%	1h	0.2950	−0.620%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2972	+0.135%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2972	+0.108%	$599K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2970	+0.070%	$283K	$167K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0087%	1h	0.2971	+0.074%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0056%	4h	0.2967	−0.047%	$16.2M	$22.4M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	+0.137%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0008%	1h	0.2970	+0.041%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0046%	4h	0.2968	−0.013%	$743K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2968	−0.019%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0060%	1h	0.2973	+0.172%	$39K	$33K	5x	as long as short
Variational Omni JUP	+0.0075%	4h	0.2975	+0.228%	$720K	$880K	—	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2970	+0.060%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2972	+0.132%	$794K	$1.4M	10x	as long as short
OKX JUP-USDT-SWAP	+0.0096%	4h	0.2968	−0.013%	$4.1M	$16.3M	50x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2972	+0.122%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2970	+0.054%	$613K	$655K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2973	+0.154%	$115K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2970	+0.054%	$16.3M	$53.1M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	+0.428%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	+0.021%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2972	+0.122%	$4.2M	$7.0M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2970	+0.054%	$5.8M	$7.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2968	−0.013%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2971	+0.085%	$983K	$239K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.452%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2983	+0.492%	$159K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2974	+0.186%	$94K	$128K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.114%	$111K	$65K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.290%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2969	+0.004%	$40K	—	3x	as long as short
Hyperliquid JUP	+0.0119%	1h	0.2975	+0.232%	$19.1M	$13.0M	10x	as long as short
BloFin JUP-USDT	+0.0137%	4h	0.2975	+0.223%	$849K	$320K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2984	+0.512%	$97K	$479K	10x	as long as short
Extended JUP-USDlong	+0.0240%	1h	0.2968	long leg	$2.2M	$507K	25x
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+1.078%	$75K	$92K	50x	as long as short