Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.068%

Price spread now: MEXC against Extended+0.071%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

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

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.776%−$78 on $10k

Price spread, last 7 days−0.288%−$29 · spread now +0.071%, 7d avg −0.051%

Together, before fees−1.064%+ Points / potential airdropExtended: Active · farm board−$106 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 0.121% dearer against Extended 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	Extended JUP-USD	0.2998	0.0104	pay 0.0013% / 1h	42m 14s	$2.2M	$492K	25x
Short	MEXC JUP_USDT	0.3000	0.0100	get 0.0050% / 4h	3h 42m	$8.0M	$7.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$0.84
Price spread: +0.071% → −0.051%: $12.13
Slippage, 4 orders: −$28.76
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$22.46
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; MEXC: live order book, 1 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 Extended live order book, 1 min ago	6.69 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.67 bp	3.4 bp −$3	13.0 bp −$130	84.0 bp −$8,404	235.7 bp −$117.8K

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	−1.297%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3003	+0.186%	$286K	$150K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3001	+0.114%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3002	+0.127%	$604K	$542K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0083%	1h	0.3001	+0.104%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3002	+0.153%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0010%	4h	0.2998	+0.004%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.3004	+0.204%	$27K	$19K	5x	as long as short
dYdX JUP-USD	+0.0029%	1h	0.3005	+0.222%	$39K	$32K	5x	as long as short
BloFin JUP-USDT	+0.0052%	4h	0.3003	+0.171%	$851K	$318K	50x	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	0.2998	+0.006%	—	—	20x	as long as short
Variational Omni JUP	+0.0076%	4h	0.2985	−0.428%	$723K	$776K	—	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.3003	+0.173%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3002	+0.138%	$755K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3002	+0.138%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2998	+0.021%	$622K	$637K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3005	+0.228%	$19.3M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3004	+0.198%	$116K	$336K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3000	+0.085%	$16.5M	$50.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3000	+0.074%	$16.4M	$21.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2987	−0.358%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3001	+0.104%	$755K	$1.6M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.3000	+0.071%	$8.0M	$7.3M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.3003	+0.171%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3002	+0.138%	$5.9M	$7.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3001	+0.104%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3001	+0.094%	$993K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	−0.296%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2984	−0.463%	$159K	$312K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3006	+0.288%	$95K	$116K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2996	−0.063%	$113K	$57K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3007	+0.304%	$2.9M	$3.8M	50x	as long as short
Extended JUP-USDlong	+0.0104%	1h	0.2998	long leg	$2.2M	$492K	25x
Aevo JUP-PERP	+0.0104%	1h	0.2999	+0.037%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.2989	−0.286%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3005	+0.248%	$75K	$89K	50x	as long as short