Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: MEXC against ApeX Omni+0.068%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.068%, 7d avg −0.051%

Together, before fees−0.318%−$32 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: MEXC is 0.118% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2961	0.0100	pay 0.0013% / 1h	43m 30s	$157K	$319K	50x
Short	MEXC JUP_USDT	0.2963	0.0100	get 0.0050% / 4h	2h 43m	$8.1M	$8.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.051%: $11.83
Slippage, 4 orders: −$31.49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.66
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; MEXC: live order book, 4 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 ApeX Omni live order book, 43 min ago	6.70 bp	15.4 bp −$15	107.2 bp −$1,072	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.69 bp	4.5 bp −$4	14.4 bp −$144	84.3 bp −$8,432	245.1 bp −$122.5K

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	−0.912%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0738% / S +0.0255%	1h	0.2960	−0.030%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0357%	4h	0.2960	−0.020%	$16.2M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0046%	1h	0.2960	−0.044%	$981K	$270K	10x	as long as short
Gate JUP_USDT	−0.0026%	4h	0.2959	−0.068%	$738K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2964	+0.095%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	−0.030%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2960	−0.045%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2961	−0.010%	$601K	$624K	20x	as long as short
dYdX JUP-USD	+0.0012%	1h	0.2961	0.000%	$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
01 Exchange JUPUSD	+0.0040%	1h	0.2967	+0.216%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	+0.030%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2963	+0.081%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.159%	$897K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0098%	4h	0.2958	−0.101%	$724K	$1.2M	—	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2960	−0.034%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2963	+0.068%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.149%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	+0.052%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2963	+0.053%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2964	+0.117%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2963	+0.068%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.124%	$58K	$4K	10x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2963	+0.068%	$8.1M	$8.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.034%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	+0.068%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2963	+0.068%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	0.000%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2961	long leg	$157K	$319K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2968	+0.243%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.338%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.101%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.135%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0113%	4h	0.2962	+0.034%	$867K	$330K	50x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2963	+0.065%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.902%	$74K	$95K	50x	as long as short