Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.001%

Price spread now: KuCoin against Paradex+0.155%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.155% dearer against Paradex than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2958	0.0076	pay 0.0076% / 8h	1h 05m	$9K	$13K	10x
Short	KuCoin JUPUSDTM	0.2963	0.0100	get 0.0050% / 4h	1h 05m	$4.3M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Paradex. 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 ParadexbpFee KuCoinbpOrdersPrice spread, now +0.155%Rate

Funding earned: $5.07
Price spread: +0.155% → 0.000%: $15.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $4.61
Costs to cover: 0.160%
Break-even: 0.6 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	5.08 bp	41.6 bp −$42	115.2 bp −$1,152	doesn't fit	doesn't fit

Paradex: 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	−0.3508%	1h	0.2923	−1.197%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2963	+0.169%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2958	−0.011%	$282K	$169K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2964	+0.173%	$601K	$618K	20x	as long as short
01 Exchange JUPUSD	−0.0024%	1h	0.2959	+0.034%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2963	+0.169%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2962	+0.137%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0012%	4h	0.2961	+0.088%	$747K	$1.9M	75x	as long as short
Bybit JUPUSDT	+0.0048%	4h	0.2961	+0.088%	$16.2M	$23.2M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	+0.032%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERPlong	+0.0076%	8h	0.2958	long leg	$9K	$13K	10x
Backpack JUP_USDC_PERP	+0.0081%	1h	0.2964	+0.176%	$981K	$254K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2965	+0.230%	$795K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	−0.031%	$612K	$669K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2968	+0.321%	$19.1M	$13.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.122%	$107K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2963	+0.151%	$16.3M	$54.1M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2960	+0.054%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	−0.183%	$57K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2962	+0.122%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2963	+0.155%	$4.3M	$7.0M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.088%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2961	+0.088%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	−0.078%	$714K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2958	−0.016%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	−0.014%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.189%	$93K	$131K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2963	+0.155%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.183%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2965	+0.223%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2961	+0.095%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0113%	4h	0.2960	+0.054%	$846K	$327K	50x	as long as short
dYdX JUP-USD	+0.0119%	1h	0.2962	+0.128%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2962	+0.105%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0192%	1h	0.2960	+0.060%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2963	+0.152%	$74K	$94K	50x	as long as short