Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: MEXC against Bybit+0.205%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days−0.177%−$18 · spread now +0.205%, 7d avg +0.023%

Together, before fees−0.180%−$18 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 0.182% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2922	0.0100	pay 0.0050% / 4h	2h 41m	$15.7M	$17.7M	50x
Short	MEXC JUP_USDT	0.2928	0.0100	get 0.0050% / 4h	2h 41m	$7.3M	$6.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.205%Rate

Funding earned: $0
Price spread: +0.205% → +0.023%: $18.25
Slippage, 4 orders: −$22.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$15.55
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 2 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 Bybit live order book, 2 min ago	1.71 bp	13.1 bp −$13	40.2 bp −$402	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.71 bp	4.4 bp −$4	12.2 bp −$122	82.1 bp −$8,211	237.4 bp −$118.7K

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	−0.4499%	1h	0.2910	−0.411%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2928	+0.195%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2933	+0.374%	$279K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0092%	1h	0.2924	+0.082%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2925	+0.090%	—	—	150x	as long as short
dYdX JUP-USD	+0.0022%	1h	0.2932	+0.327%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2928	+0.216%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2927	+0.185%	$772K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2931	+0.292%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2929	+0.257%	$590K	$487K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2932	+0.342%	$18.4M	$8.8M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2926	+0.145%	$108K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2922	−0.013%	$16.0M	$39.2M	75x	as long as short
Bybit JUPUSDTlong	+0.0100%	4h	0.2922	long leg	$15.7M	$17.7M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2923	+0.034%	$4.1M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2938	+0.548%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2928	+0.205%	$729K	$1.4M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2928	+0.205%	$7.3M	$6.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2931	+0.308%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2924	+0.068%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2923	+0.034%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2932	+0.356%	$971K	$188K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+0.616%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2941	+0.650%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2938	+0.548%	$162K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2932	+0.349%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2925	+0.103%	$30K	$26K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2922	0.000%	$110K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2929	+0.240%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2926	+0.122%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2931	+0.305%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0192%	1h	0.2923	+0.024%	$2.2M	$506K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2926	+0.147%	$581K	$458K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	+0.986%	$99K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+1.567%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2925	+0.103%	$830K	$378K	50x	as long as short