Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.064%

Price spread now: Extended against KuCoin−0.032%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.802%+$80 on $10k

Price spread, last 7 days+0.184%+$18 · spread now −0.032%, 7d avg 0.000%

Together, before fees+0.985%+ Points / potential airdropExtended: Active · farm board+$99 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of 0.000%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day).

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 58m	$4.0M	$6.7M	50x
Short	Extended JUP-USD	0.2940	0.0392	get 0.0049% / 1h	58m 24s	$2.2M	$490K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.032%Rate

Funding earned: $61.32
Price spread: −0.032% → 0.000%: −$3.25
Slippage, 4 orders: −$64.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.18
Costs to cover: 0.813%
Break-even: 9.6 days

Slippage from KuCoin: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	3.39 bp	29.5 bp −$29	125.2 bp −$1,252	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.69 bp	13.5 bp −$14	doesn't fit	doesn't fit	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	−0.5000%	1h	0.2916	−0.850%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2940	−0.030%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2942	+0.046%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0158%	1h	0.2943	+0.075%	$54K	$16K	10x	as long as short
Bybit JUPUSDT	−0.0035%	4h	0.2937	−0.136%	$15.7M	$19.4M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0004%	4h	0.2938	−0.102%	$4.0M	$12.8M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2945	+0.119%	$38K	$28K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2940	−0.023%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2941	+0.003%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2940	−0.041%	—	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0075%	4h	0.2942	+0.050%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2941	+0.014%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2945	+0.126%	$779K	$1.1M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2942	+0.034%	$595K	$512K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2944	+0.102%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	+0.072%	$113K	$309K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2939	−0.068%	$16.2M	$44.0M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2940	−0.034%	$730K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2941	0.000%	$7.3M	$6.5M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2941	long leg	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2941	0.000%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2939	−0.068%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2945	+0.126%	$975K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.340%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	+0.170%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2945	+0.153%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2940	−0.034%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2937	−0.136%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2949	+0.272%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.340%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2941	+0.007%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+0.313%	$97K	$328K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2945	+0.142%	$588K	$500K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2947	+0.214%	$74K	$49K	50x	as long as short
Extended JUP-USDshort	+0.0392%	1h	0.2940	−0.032%	$2.2M	$490K	25x