Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.989%

Price spread now: MEXC against Injective−4.238%7-day average +1.840% · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+2.893%+$289 on $10k

Price spread, last 4 days (all we have)+4.787%+$479 · spread now −4.238%, 7d avg +1.840%

Together, before fees+7.680%+$768 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 6.079% cheaper against Injective than usual: you would sell low and buy high (spread −4.238% now, against its 7-day average of +1.840%). If the spread goes back, that is −$608 on $10k: about 10 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+2.893% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective JUP/USDC PERP	0.3020	0.0033	pay 0.0004% / 1h	52m 43s	$3K	$205K	5.5x
Short	MEXC JUP_USDT	0.2892	0.0100	get 0.0050% / 4h	52m 43s	$8.0M	$5.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −4.238%Rate

Funding earned: $14
Price spread: −4.238% → +1.840%: −$607.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$593.87
Costs to cover: 0.000%
Break-even: 303.9 days

Slippage unknown: Injective: live order book, 54 min ago; MEXC: live order book, 3 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 Injective live order book, 54 min ago	143.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.73 bp	4.4 bp −$4	16.5 bp −$165	107.4 bp −$10.7K	241.8 bp −$120.9K

JUP on 36 exchanges

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
Pacifica JUP	−0.0298%	1h	0.2893	−4.195%	$276K	$132K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2896	−4.100%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0112%	1h	0.2895	−4.146%	$26K	$2K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2897	−4.060%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2897	−4.072%	$17K	—	150x	as long as short
Injective JUP/USDC PERPlong	+0.0033%	1h	0.3020	long leg	$3K	$205K	5.5x
BloFin JUP-USDT	+0.0053%	4h	0.2894	−4.172%	$799K	$368K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2894	−4.181%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2892	−4.228%	$9K	$9K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2896	−4.106%	$745K	$922K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2894	−4.164%	$436K	$625K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2897	−4.058%	$17.6M	$6.8M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2893	−4.200%	$99K	$261K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2892	−4.228%	$15.6M	$34.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2891	−4.272%	$15.7M	$14.3M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2893	−4.205%	$4.0M	$9.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2896	−4.109%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2896	−4.106%	$703K	$1.0M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2892	−4.238%	$8.0M	$5.2M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2895	−4.139%	$3.9M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2894	−4.172%	$5.7M	$3.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2894	−4.172%	—	$10.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2897	−4.073%	$975K	$237K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2894	−4.181%	$696K	$248K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2897	−4.067%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2897	−4.073%	$158K	$223K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2897	−4.066%	$91K	$100K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2897	−4.073%	$33K	$27K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2890	−4.305%	$110K	$57K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2893	−4.222%	$2.1M	$578K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2896	−4.101%	$39K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0160%	1h	0.2910	−3.632%	$80K	$59K	50x	as long as short
Phemex JUPUSDT	+0.0258%	4h	0.2902	−3.907%	$2.9M	$2.7M	50x	as long as short
Phoenix JUP	+0.0276%	1h	0.2898	−4.040%	$97K	$254K	10x	as long as short
dYdX JUP-USD	+0.0280%	1h	0.2894	−4.165%	$38K	$10K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0573%	1h	0.2899	−3.998%	$575K	$390K	20x	as long as short