Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Nado−0.051%7-day average +0.050% · 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−$107as in the Price arb table

costs, in and out, $10k−$970.972% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.434%−$43 · spread now −0.051%, 7d avg +0.050%

Together, before fees−0.434%+ Points / potential airdropNado: Active · farm board−$43 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: KuCoin is 0.101% cheaper against Nado than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2950	0.0100	pay 0.0012% / 1h	15m 03s	$596K	$490K	10x
Short	KuCoin JUPUSDTM	0.2949	0.0100	get 0.0050% / 4h	15m 03s	$4.0M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Nado. 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 NadobpFee KuCoinbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → +0.050%: −$10.11
Slippage, 4 orders: −$78.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$107.26
Costs to cover: 0.972%
Break-even: 2721039905868191.5 days

Slippage from Nado: live order book, 43 min ago; KuCoin: live order book, 3 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 Nado live order book, 43 min ago	1.87 bp	9.1 bp −$9	36.7 bp −$367	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	6.78 bp	39.3 bp −$39	120.9 bp −$1,209	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	−0.4661%	1h	0.2907	−1.474%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	+0.027%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2949	−0.059%	$281K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	+0.034%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2951	+0.008%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2947	−0.105%	$38K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2948	−0.084%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2953	+0.084%	$592K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	+0.102%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2950	−0.003%	$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-PERPlong	+0.0100%	1h	0.2950	long leg	$596K	$490K	10x
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.075%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2950	−0.006%	$110K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	−0.026%	$16.2M	$41.2M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2947	−0.119%	$15.9M	$18.2M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2950	−0.017%	$4.0M	$11.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2944	−0.220%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2948	−0.085%	$726K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2950	−0.017%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2949	−0.051%	$4.0M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2950	−0.017%	$5.8M	$5.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	−0.085%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2951	+0.027%	$975K	$235K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2944	−0.204%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	−0.051%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.085%	$156K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.139%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	+0.017%	$30K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.186%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	+0.119%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	−0.051%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2953	+0.085%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.125%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2950	−0.031%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2948	−0.085%	$841K	$384K	50x	as long as short
Extended JUP-USD	+0.0376%	1h	0.2950	−0.027%	$2.2M	$502K	25x	as long as short