Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against MEXC−0.235%51s7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.436% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 3 days (all we have)+0.378%+$38 · spread now −0.235%, 7d avg +0.053%

Together, before fees+0.419%+$42 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: ApeX Omni is 0.288% cheaper against MEXC than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.053%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2976	0.0100	pay 0.0050% / 4h	56m 29s	$8.1M	$7.7M	200x
Short	ApeX Omni JUPUSDT	0.2969	0.0100	get 0.0013% / 1h	56m 29s	$158K	$320K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.235%Rate

Funding earned: $0
Price spread: −0.235% → +0.053%: −$28.8
Slippage, 4 orders: −$33.6
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$72.4
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; ApeX Omni: live order book, 21 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 MEXC live order book, 6 min ago	1.69 bp	1.7 bp −$2	10.6 bp −$106	99.9 bp −$9,987	248.8 bp −$124.4K
Sell ApeX Omni live order book, 21 min ago	6.77 bp	15.9 bp −$16	97.6 bp −$976	doesn't fit	doesn't fit

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	−0.4371%	1h	0.2935	−1.378%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2976	−0.010%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2975	−0.029%	$602K	$618K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2975	−0.024%	$283K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2975	−0.024%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2975	−0.017%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0046%	4h	0.2973	−0.101%	$749K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2973	−0.098%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0062%	4h	0.2973	−0.101%	$16.3M	$23.0M	50x	as long as short
01 Exchange JUPUSD	+0.0080%	1h	0.2977	+0.020%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0080%	8h	0.2975	−0.025%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2978	+0.071%	$798K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2973	−0.092%	$614K	$667K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2977	+0.020%	$107K	$356K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2975	−0.035%	$16.4M	$53.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2972	−0.134%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2976	long leg	$8.1M	$7.7M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	+0.034%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2974	−0.067%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2974	−0.067%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2975	−0.020%	$985K	$248K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2961	−0.501%	$715K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.336%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2969	−0.235%	$158K	$320K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.178%	$94K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2977	+0.034%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.370%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.034%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.336%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2974	−0.078%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0109%	4h	0.2976	0.000%	$846K	$329K	50x	as long as short
Hyperliquid JUP	+0.0172%	1h	0.2980	+0.151%	$19.2M	$13.3M	10x	as long as short
Phoenix JUP	+0.0190%	1h	0.2973	−0.094%	$97K	$479K	10x	as long as short
dYdX JUP-USD	+0.0192%	1h	0.2976	−0.014%	$39K	$35K	5x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2973	−0.103%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2977	+0.037%	$74K	$95K	50x	as long as short