Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: MEXC against gTrade (Gains Network)+0.057%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.057% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.2959	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	28m 01s	—	—	150x
Short	MEXC JUP_USDT	0.2961	0.0100	get 0.0050% / 4h	2h 28m	$7.4M	$7.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now +0.057%Rate

Funding earned: $20.77
Price spread: +0.057% → 0.000%: $5.71
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $16.48
Costs to cover: 0.100%
Break-even: 1.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	1.69 bp	4.6 bp −$5	14.4 bp −$144	102.6 bp −$10.3K	254.5 bp −$127.2K

gTrade (Gains Network): 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 35 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	−0.4347%	1h	0.2901	−1.970%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2956	−0.107%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2960	+0.022%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0212%	4h	0.2959	−0.010%	$15.9M	$20.2M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0058%	4h	0.2960	+0.023%	$4.1M	$14.4M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2962	+0.103%	$593K	$522K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2962	+0.091%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S −0.0001%	1h	0.2959	long leg	—	—	150x
Variational Omni JUP	+0.0009%	4h	0.2947	−0.415%	$720K	$751K	—	as long as short
dYdX JUP-USD	+0.0017%	1h	0.2956	−0.119%	$39K	$29K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0028%	4h	0.2959	−0.010%	$732K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	−0.018%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2956	−0.106%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.169%	$783K	$1.3M	10x	as long as short
01 Exchange JUPUSD	+0.0096%	1h	0.2960	+0.023%	$26K	$19K	5x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	+0.091%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	−0.061%	$601K	$599K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.192%	$18.9M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	+0.055%	$114K	$320K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2962	+0.078%	$16.4M	$46.4M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.783%	$61K	$8K	10x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2961	+0.057%	$7.4M	$7.0M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.057%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.057%	$5.8M	$6.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	+0.023%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	+0.118%	$981K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2948	−0.381%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	−0.247%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	+0.044%	$94K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.213%	$111K	$49K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	+0.018%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.017%	$97K	$402K	10x	as long as short
Phemex JUPUSDT	+0.0226%	4h	0.2963	+0.125%	$2.9M	$3.6M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2959	+0.006%	$75K	$52K	50x	as long as short
Extended JUP-USD	+0.0336%	1h	0.2960	+0.015%	$2.2M	$487K	25x	as long as short