Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against KuCoin−0.024%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.024% 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	0.2936	0.0100	pay 0.0050% / 4h	1h 54m	$4.0M	$6.7M	50x
Short	gTrade (Gains Network) JUP/USD	0.2935	L +0.0001% / S −0.0001%	get 0.0000% / 1h	54m 12s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.024%Rate

Funding earned: −$20.89
Price spread: −0.024% → 0.000%: −$2.42
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$45.31
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; gTrade (Gains Network): 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, 4 min ago	3.39 bp	36.8 bp −$37	119.0 bp −$1,190	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	0.2911	−0.851%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2935	−0.027%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2933	−0.104%	$279K	$143K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2937	+0.017%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2936	−0.007%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0001% / S −0.0001%	1h	0.2935	−0.024%	—	—	150x
Reya JUPRUSDPERP	+0.0057%	1h	0.2932	−0.135%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2938	+0.075%	$762K	$1.0M	10x	as long as short
Backpack JUP_USDC_PERP	+0.0099%	1h	0.2936	−0.014%	$971K	$233K	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2932	−0.119%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2933	−0.094%	$575K	$495K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2937	+0.020%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2937	+0.037%	$107K	$282K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2934	−0.068%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2932	−0.136%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2934	−0.068%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.570%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2934	−0.068%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.068%	$6.8M	$5.6M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2936	long leg	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2936	0.000%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2933	−0.102%	—	$20.6M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2936	0.000%	$712K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2944	+0.271%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2943	+0.238%	$162K	$256K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	0.000%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2936	0.000%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2928	−0.272%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2935	−0.047%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2934	−0.054%	$26K	$8K	5x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2934	−0.078%	$2.2M	$570K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2942	+0.218%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2938	+0.058%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	0.000%	$826K	$379K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2937	+0.028%	$579K	$462K	20x	as long as short
Phemex JUPUSDT	+0.0644%	4h	0.2941	+0.170%	$2.9M	$3.1M	50x	as long as short