Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against MEXC−0.051%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.051%, 7d avg −0.022%

Together, before fees+0.042%+$4 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: Bybit is 0.029% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2944	0.0100	pay 0.0050% / 4h	31m 12s	$7.3M	$6.4M	200x
Short	Bybit JUPUSDT	0.2943	0.0100	get 0.0050% / 4h	31m 12s	$15.8M	$18.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.022%: −$2.93
Slippage, 4 orders: −$28.75
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$42.69
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	1.69 bp	5.8 bp −$6	19.5 bp −$195	124.3 bp −$12.4K	257.3 bp −$128.7K
Sell Bybit live order book, 2 min ago	3.40 bp	15.3 bp −$15	43.0 bp −$430	268.0 bp −$26.8K	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	−0.4661%	1h	0.2907	−1.257%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2945	+0.028%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2961	+0.566%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2945	+0.041%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2945	+0.026%	—	—	150x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2960	+0.559%	$39K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	−0.016%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2946	+0.078%	$590K	$487K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	+0.119%	$778K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	+0.597%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2943	−0.017%	$592K	$497K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2946	+0.078%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2945	+0.041%	$109K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	+0.068%	$16.2M	$41.7M	75x	as long as short
Bybit JUPUSDTshort	+0.0100%	4h	0.2943	−0.051%	$15.8M	$18.5M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	+0.102%	$4.0M	$11.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.272%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2944	0.000%	$729K	$1.4M	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2944	long leg	$7.3M	$6.4M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2944	0.000%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2945	+0.034%	$5.7M	$5.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	+0.068%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	+0.523%	$981K	$237K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2927	−0.578%	$715K	$659K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	−0.197%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	0.000%	$156K	$253K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2945	+0.048%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2945	+0.034%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	+0.034%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.204%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	+0.017%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2946	+0.082%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.346%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2959	+0.493%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2945	+0.034%	$837K	$383K	50x	as long as short
Extended JUP-USD	+0.0456%	1h	0.2944	0.000%	$2.2M	$502K	25x	as long as short