Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.038%

Price spread now: MEXC against Deribit−0.054%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.054% cheaper against Deribit than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2965	0	get 0.0000% / 1h	50m 59s	$56K	$14K	10x
Short	MEXC JUP_USDT	0.2963	0.0100	get 0.0050% / 4h	2h 50m	$7.9M	$8.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.054%Rate

Funding earned: $21
Price spread: −0.054% → 0.000%: −$5.4
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $8.6
Costs to cover: 0.070%
Break-even: 4.1 days

Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 2 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	1.69 bp	4.7 bp −$5	13.1 bp −$131	97.5 bp −$9,753	249.5 bp −$124.8K

Deribit: 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	0.2941	−0.796%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0715% / S +0.0248%	1h	0.2963	−0.041%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0464%	4h	0.2961	−0.121%	$16.3M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0125%	1h	0.2963	−0.064%	$982K	$270K	10x	as long as short
01 Exchange JUPUSD	−0.0072%	1h	0.2965	+0.013%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0054%	4h	0.2961	−0.121%	$738K	$1.9M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2964	−0.020%	$39K	$36K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2970	+0.196%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2965	long leg	$56K	$14K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2964	−0.009%	$17K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2964	−0.014%	$601K	$624K	20x	as long as short
BloFin JUP-USDT	+0.0052%	4h	0.2960	−0.155%	$865K	$330K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	−0.127%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0088%	8h	0.2961	−0.117%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.040%	$902K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2963	−0.054%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	−0.096%	$597K	$676K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2966	+0.048%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	−0.029%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	−0.086%	$282K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2963	−0.050%	$16.5M	$56.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	−0.088%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.003%	$58K	$4K	10x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2963	−0.054%	$7.9M	$8.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2964	−0.020%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	−0.054%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	−0.088%	—	$21.6M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2970	+0.199%	$726K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2977	+0.430%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2964	−0.020%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2968	+0.128%	$93K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.155%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.081%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.155%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0216%	1h	0.2962	−0.104%	$2.2M	$540K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.779%	$74K	$95K	50x	as long as short