Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.459%

Price spread now: KuCoin against 01 Exchange+0.027%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on KuCoin

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.027% dearer against 01 Exchange than usual: you sell high and buy low: +$3 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	01 Exchange JUPUSD	0.2954	−0.0016	get 0.0002% / 1h	5m 25s	$26K	$19K	5x
Short	KuCoin JUPUSDTM	0.2955	0.0100	get 0.0050% / 4h	2h 05m	$4.5M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $24.36
Price spread: +0.027% → 0.000%: $2.71
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $8.07
Costs to cover: 0.190%
Break-even: 4.7 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	3.38 bp	26.3 bp −$26	90.1 bp −$901	doesn't fit	doesn't fit

01 Exchange: 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	0.2934	−0.684%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0925% / S +0.0344%	1h	0.2955	+0.028%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0359%	1h	0.2954	+0.007%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0167%	4h	0.2951	−0.108%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0044%	4h	0.2952	−0.074%	$734K	$2.0M	75x	as long as short
01 Exchange JUPUSDlong	−0.0016%	1h	0.2954	long leg	$26K	$19K	5x
Phoenix JUP	0.0000%	1h	0.2963	+0.288%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	+0.059%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2958	+0.118%	$600K	$624K	20x	as long as short
dYdX JUP-USD	+0.0027%	1h	0.2961	+0.222%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	−0.079%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0080%	8h	0.2954	+0.006%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2957	+0.105%	$828K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.091%	$594K	$669K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	+0.118%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	+0.070%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2955	+0.020%	$282K	$179K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.074%	$16.3M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	−0.074%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2955	+0.027%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2955	+0.027%	$4.5M	$7.2M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2952	−0.074%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	−0.007%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2956	+0.071%	$978K	$263K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	−0.096%	$722K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	+0.231%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	+0.196%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	+0.125%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2955	+0.027%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2956	+0.061%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2961	+0.230%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.112%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	−0.065%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0133%	4h	0.2958	+0.129%	$858K	$332K	50x	as long as short
Extended JUP-USD	+0.0192%	1h	0.2954	−0.019%	$2.2M	$541K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+1.195%	$74K	$94K	50x	as long as short