Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.044%

Price spread now: Deribit against KuCoin−0.020%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.020% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2941	0.0100	pay 0.0050% / 4h	1h 55m	$4.0M	$7.0M	50x
Short	Deribit JUP_USDC-PERPETUAL	0.2940	−0.0124	pay 0.0015% / 1h	55m 08s	$54K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$47.03
Price spread: −0.020% → 0.000%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$68.07
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.

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, 1 min ago	6.80 bp	53.3 bp −$53	135.4 bp −$1,354	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

JUP on 36 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2940	−0.041%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2940	−0.019%	$280K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0124%	1h	0.2940	−0.020%	$54K	$9K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2943	+0.085%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0056%	1h	0.2951	+0.340%	$163K	$234K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2938	−0.109%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0084%	4h	0.2943	+0.068%	$822K	$365K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2943	+0.051%	$758K	$948K	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2939	−0.056%	$9K	$9K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2939	−0.085%	$577K	$477K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2942	+0.031%	$17.9M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2942	+0.040%	$100K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2940	−0.034%	$16.2M	$36.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2938	−0.095%	$15.9M	$16.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2937	−0.136%	$4.0M	$9.6M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2943	+0.068%	$701K	$952K	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2939	−0.068%	$8.0M	$5.2M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2941	long leg	$4.0M	$7.0M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2942	+0.034%	$5.8M	$4.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2939	−0.068%	—	$21.4M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2940	−0.017%	$991K	$236K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	−0.042%	$711K	$312K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2945	+0.133%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2947	+0.190%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2940	−0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2937	−0.136%	$111K	$57K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2944	+0.119%	$61K	−$0	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2938	−0.118%	$2.2M	$543K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2939	−0.082%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0112%	1h	0.2942	+0.020%	$26K	$2K	5x	as long as short
Phemex JUPUSDT	+0.0262%	4h	0.2945	+0.136%	$2.9M	$2.8M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2943	+0.065%	$81K	$56K	50x	as long as short
Phoenix JUP	+0.0318%	1h	0.2948	+0.252%	$97K	$269K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0528%	1h	0.2943	+0.057%	$578K	$391K	20x	as long as short
dYdX JUP-USD	+0.1605%	1h	0.2941	+0.011%	$39K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+2.686%	$3K	$205K	5.5x	as long as short