Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.094%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.065%+$6 · spread now −0.094%, 7d avg −0.042%

Together, before fees+0.084%+$8 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: Binance is 0.051% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.042%.

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 05m	$4.0M	$6.6M	50x
Short	Binance JUPUSDT	0.2932	0.0100	get 0.0050% / 4h	1h 05m	$16.1M	$38.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → −0.042%: −$5.15
Slippage, 4 orders: −$67.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$94.52
Costs to cover: 0.894%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 6 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, 2 min ago	5.11 bp	39.0 bp −$39	118.4 bp −$1,184	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.70 bp	10.0 bp −$10	25.3 bp −$253	140.5 bp −$14.1K	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	0.2904	−1.056%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2938	+0.105%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2934	−0.039%	$280K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2937	+0.074%	—	—	150x	as long as short
dYdX JUP-USD	+0.0033%	1h	0.2935	+0.014%	$39K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2936	+0.043%	—	—	20x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0091%	1h	0.2935	−0.014%	$53K	$17K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2936	+0.027%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2932	−0.087%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	−0.043%	$572K	$490K	10x	as long as short

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	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2934	−0.036%	$106K	$280K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2932	−0.094%	$16.1M	$38.9M	75x
Bybit JUPUSDT	+0.0100%	4h	0.2931	−0.126%	$15.9M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2933	−0.068%	$4.0M	$10.4M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	−0.068%	$701K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2932	−0.102%	$6.7M	$5.7M	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	0.2936	+0.020%	$971K	$227K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2934	−0.035%	$711K	$531K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2937	+0.068%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2936	+0.034%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2939	+0.147%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2938	+0.102%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2931	−0.136%	$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	0.2934	−0.034%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2934	−0.034%	$26K	$6K	5x	as long as short
Phoenix JUP	+0.0244%	1h	0.2938	+0.106%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.187%	$74K	$48K	50x	as long as short
Extended JUP-USD	+0.0320%	1h	0.2931	−0.131%	$2.2M	$572K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2937	+0.068%	$822K	$374K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2936	+0.049%	$579K	$418K	20x	as long as short
Phemex JUPUSDT	+0.0479%	4h	0.2940	+0.170%	$2.9M	$3.0M	50x	as long as short