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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.100%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.100%, 7d avg +0.011%

Together, before fees+0.011%+$1 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 0.112% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JUPUSDT	0.2988	0.0100	pay 0.0050% / 4h	3h 44m	$5.8M	$7.2M	75x
Short	MEXC JUP_USDT	0.2985	0.0100	get 0.0050% / 4h	3h 44m	$8.1M	$7.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → +0.011%: −$11.19
Slippage, 4 orders: −$24.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$47.51
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	3.35 bp	14.5 bp −$15	36.6 bp −$366	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.67 bp	4.4 bp −$4	11.3 bp −$113	67.9 bp −$6,792	236.7 bp −$118.3K

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	−0.4634%	1h	0.2959	−0.971%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2987	−0.047%	$285K	$150K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0219%	1h	0.2985	−0.087%	$55K	$16K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2986	−0.070%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2987	−0.041%	$601K	$542K	20x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2987	−0.036%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0011%	4h	0.2984	−0.134%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.2988	+0.007%	$26K	$19K	5x	as long as short
dYdX JUP-USD	+0.0032%	1h	0.2990	+0.065%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2983	−0.183%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0076%	4h	0.2985	−0.099%	$723K	$776K	—	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2986	−0.053%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2987	−0.044%	$751K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2986	−0.067%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2985	−0.084%	$619K	$639K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2989	+0.027%	$19.2M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2987	−0.027%	$115K	$340K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2985	−0.100%	$16.4M	$50.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2983	−0.161%	$16.3M	$21.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2987	−0.028%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2988	0.000%	$754K	$1.6M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2985	−0.100%	$8.1M	$7.2M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2988	0.000%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.2988	long leg	$5.8M	$7.2M	75x
BingX JUP-USDT	+0.0100%	4h	0.2984	−0.134%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2990	+0.077%	$990K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2992	+0.144%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2991	+0.100%	$159K	$312K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2990	+0.067%	$94K	$117K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2979	−0.301%	$112K	$57K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2991	+0.100%	$2.9M	$3.8M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2983	−0.163%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2983	−0.163%	$2.2M	$492K	25x	as long as short
BloFin JUP-USDT	+0.0116%	4h	0.2987	−0.033%	$846K	$310K	50x	as long as short
Phoenix JUP	+0.0214%	1h	0.2991	+0.100%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2996	+0.274%	$75K	$88K	50x	as long as short