Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against KuCoin−0.168%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

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

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days+0.112%+$11 · spread now −0.168%, 7d avg −0.059%

Together, before fees+0.201%+$20 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: BingX is 0.109% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2978	0.0100	pay 0.0050% / 4h	26m 04s	$4.2M	$7.0M	50x
Short	BingX JUP-USDT	0.2973	0.0100	get 0.0050% / 4h	26m 04s	—	$20.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → −0.059%: −$10.9
Slippage, 4 orders: −$64.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.31
Costs to cover: 0.864%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 12 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	5.03 bp	27.5 bp −$28	96.5 bp −$965	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	1.68 bp	6.7 bp −$7	9.2 bp −$92	19.5 bp −$1,948	70.0 bp −$35.0K

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	−0.940%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2977	−0.039%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2978	−0.015%	$600K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2980	+0.054%	$284K	$167K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0052%	1h	0.2976	−0.077%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0049%	4h	0.2971	−0.245%	$16.2M	$22.6M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2977	−0.017%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0016%	1h	0.2977	−0.020%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0046%	4h	0.2974	−0.134%	$745K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	−0.121%	—	—	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	+0.0064%	1h	0.2981	+0.117%	$39K	$33K	5x	as long as short
Variational Omni JUP	+0.0075%	4h	0.2975	−0.095%	$720K	$880K	—	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2977	−0.025%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2977	−0.037%	$795K	$1.4M	10x	as long as short
BloFin JUP-USDT	+0.0099%	4h	0.2981	+0.101%	$851K	$327K	50x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2976	−0.067%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2976	−0.050%	$614K	$657K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2978	+0.004%	$115K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2973	−0.163%	$16.3M	$53.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2971	−0.235%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	+0.104%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2974	−0.134%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2978	long leg	$4.2M	$7.0M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2974	−0.134%	$5.8M	$8.0M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2973	−0.168%	—	$20.9M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2975	−0.097%	$985K	$242K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2984	+0.201%	$1.7M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2983	+0.168%	$159K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2982	+0.121%	$94K	$129K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2973	−0.168%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2982	+0.134%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2972	−0.194%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0128%	1h	0.2980	+0.054%	$19.2M	$13.1M	10x	as long as short
Phoenix JUP	+0.0162%	1h	0.2986	+0.265%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2973	−0.169%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.752%	$75K	$93K	50x	as long as short