Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h +1.222%

Price spread now: dYdX against MEXC+0.256%47s7-day average — · you sell dearer than you buy

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

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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 dYdX is 0.256% dearer against MEXC than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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	0.2972	0.0100	pay 0.0050% / 4h	54m 57s	$8.1M	$7.7M	200x
Short	dYdX JUP-USD	0.2980	0.0211	get 0.0026% / 1h	54m 57s	$39K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.256%Rate

Funding earned: $23.31
Price spread: +0.256% → 0.000%: $25.61
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $38.92
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 8 min ago; dYdX: no order-book sample. 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 MEXC live order book, 8 min ago	1.69 bp	1.7 bp −$2	10.6 bp −$106	99.9 bp −$9,987	248.8 bp −$124.4K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 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	−1.245%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2976	+0.140%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2975	+0.116%	$602K	$619K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2978	+0.197%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2976	+0.138%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2975	+0.101%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0050%	4h	0.2971	−0.034%	$747K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	+0.054%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0062%	4h	0.2969	−0.098%	$16.3M	$23.0M	50x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2978	+0.185%	$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	+0.0081%	8h	0.2976	+0.122%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2977	+0.175%	$798K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2974	+0.059%	$614K	$667K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2974	+0.064%	$107K	$355K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	0.000%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2970	−0.067%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2972	long leg	$8.1M	$7.7M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2974	+0.067%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2970	−0.067%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2971	−0.034%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2974	+0.067%	$984K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2972	+0.003%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2975	+0.101%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2974	+0.067%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.310%	$94K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2976	+0.135%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2971	−0.034%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.168%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.202%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2973	+0.045%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0138%	4h	0.2972	0.000%	$844K	$329K	50x	as long as short
Hyperliquid JUP	+0.0149%	1h	0.2976	+0.138%	$19.1M	$13.3M	10x	as long as short
Phoenix JUP	+0.0190%	1h	0.2973	+0.040%	$97K	$479K	10x	as long as short
dYdX JUP-USDshort	+0.0211%	1h	0.2980	+0.256%	$39K	$35K	5x
Extended JUP-USD	+0.0216%	1h	0.2969	−0.086%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.209%	$74K	$95K	50x	as long as short