Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against KuCoin−0.136%96s7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$940.944% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.388%+$39 · spread now −0.136%, 7d avg −0.051%

Together, before fees+0.385%+ Points / potential airdropNado: Active · farm board+$39 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: Nado is 0.085% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.051%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2937	0.0100	pay 0.0050% / 4h	1h 49m	$4.0M	$6.7M	50x
Short	Nado JUP-PERP	0.2933	0.0100	get 0.0012% / 1h	49m 54s	$575K	$494K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → −0.051%: −$8.53
Slippage, 4 orders: −$75.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$102.93
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Nado: live order book, 58 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, 8 min ago	3.39 bp	36.8 bp −$37	119.0 bp −$1,190	doesn't fit	doesn't fit
Sell Nado live order book, 58 min ago	2.54 bp	9.5 bp −$9	43.4 bp −$434	doesn't fit	doesn't fit

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	−0.885%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2938	+0.044%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2935	−0.052%	$280K	$143K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2932	−0.187%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2939	+0.085%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2939	+0.060%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2938	+0.035%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2941	+0.136%	$762K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2938	+0.047%	$9K	$11K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2933	−0.136%	$575K	$494K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2940	+0.106%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2937	+0.014%	$107K	$282K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2935	−0.062%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2933	−0.129%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2935	−0.068%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2934	−0.102%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2936	−0.034%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2935	−0.068%	$6.8M	$5.6M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2937	long leg	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2937	0.000%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2934	−0.102%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2940	+0.095%	$973K	$233K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2932	−0.170%	$711K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2936	−0.033%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2935	−0.068%	$162K	$256K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2942	+0.170%	$93K	$103K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2939	+0.068%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2931	−0.204%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2937	−0.017%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2941	+0.143%	$26K	$8K	5x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2934	−0.112%	$2.2M	$570K	25x	as long as short
Phoenix JUP	+0.0244%	1h	0.2936	−0.041%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.119%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2935	−0.068%	$831K	$379K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0374%	1h	0.2940	+0.093%	$580K	$463K	20x	as long as short
Phemex JUPUSDT	+0.0544%	4h	0.2941	+0.136%	$2.9M	$3.1M	50x	as long as short