JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0315%/8h= −34.4% APRnext payment −$1.57 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against KuCoin−0.135%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.135%, 7d avg −0.068%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.067% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.068%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2959	0.0100	pay 0.0050% / 4h	2h 20m	$4.0M	$6.6M	50x
Short	Bybit JUPUSDT	0.2955	−0.0215	pay 0.0107% / 4h	2h 20m	$15.9M	$19.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$66.05
Price spread: −0.135% → −0.068%: −$6.72
Slippage, 4 orders: −$60.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$155.88
Costs to cover: 0.831%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: 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 KuCoin live order book, 3 min ago	5.06 bp	28.7 bp −$29	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.69 bp	13.1 bp −$13	36.8 bp −$368	196.3 bp −$19.6K	doesn't fit

JUP on 35 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	−0.4347%	1h	0.2917	−1.419%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2958	−0.050%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2955	−0.135%	$16K	—	100x	as long as short
Bybit JUPUSDTshort	−0.0215%	4h	0.2955	−0.135%	$15.9M	$19.9M	50x
OKX JUP-USDT-SWAP	−0.0046%	4h	0.2958	−0.034%	$4.1M	$13.8M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2956	−0.111%	$590K	$515K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2954	−0.152%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2956	−0.094%	—	—	150x	as long as short
Variational Omni JUP	+0.0014%	4h	0.2958	−0.035%	$722K	$751K	—	as long as short
Gate JUP_USDT	+0.0024%	4h	0.2955	−0.135%	$738K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0026%	1h	0.2959	+0.007%	$39K	$29K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2953	−0.186%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2956	−0.109%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	−0.057%	$782K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2955	−0.135%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2955	−0.118%	$599K	$534K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	−0.024%	$18.8M	$10.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	−0.069%	$114K	$321K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	−0.034%	$16.4M	$45.4M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2964	+0.169%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	−0.034%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2959	long leg	$4.0M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2956	−0.101%	$5.8M	$6.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	−0.101%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2956	−0.108%	$979K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	+0.169%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2963	+0.135%	$157K	$288K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	−0.057%	$94K	$109K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2948	−0.372%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2961	+0.068%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.258%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2957	−0.064%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2967	+0.277%	$98K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2961	+0.071%	$75K	$51K	50x	as long as short
Extended JUP-USD	+0.0440%	1h	0.2957	−0.069%	$2.2M	$487K	25x	as long as short