Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.066%

Price spread now: Extended against MEXC−0.043%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs+$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.784%+$78 on $10k

Price spread, last 7 days+0.206%+$21 · spread now −0.043%, 7d avg +0.046%

Together, before fees+0.990%+ Points / potential airdropExtended: Active · farm board+$99 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.090% cheaper against MEXC than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.046%). If the spread goes back, that is −$9 on $10k: about 23 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2948	0.0100	pay 0.0050% / 4h	53m 20s	$7.3M	$6.4M	200x
Short	Extended JUP-USD	0.2947	0.0408	get 0.0051% / 1h	53m 20s	$2.2M	$502K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.043%Rate

Funding earned: $64.68
Price spread: −0.043% → +0.046%: −$8.96
Slippage, 4 orders: −$23.77
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $26.95
Costs to cover: 0.288%
Break-even: 4.1 days

Slippage from MEXC: live order book, 4 min ago; Extended: live order book, 5 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, 4 min ago	1.69 bp	3.8 bp −$4	13.5 bp −$135	84.6 bp −$8,459	224.6 bp −$112.3K
Sell Extended live order book, 5 min ago	5.08 bp	10.8 bp −$11	doesn't fit	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	−0.4661%	1h	0.2910	−1.289%	$3K	$206K	5.5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0293%	1h	0.2948	−0.017%	$54K	$16K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2948	+0.006%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2948	+0.008%	$281K	$147K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2949	+0.042%	—	—	150x	as long as short
dYdX JUP-USD	+0.0003%	1h	0.2952	+0.150%	$39K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2947	−0.034%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2949	+0.032%	$590K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2949	+0.047%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2947	−0.029%	$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	0.2948	+0.008%	$595K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2951	+0.109%	$18.7M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2951	+0.097%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2947	−0.034%	$16.2M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2945	−0.112%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	−0.034%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.305%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2951	+0.102%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2948	long leg	$7.3M	$6.4M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2951	+0.102%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2947	−0.034%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	0.000%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2950	+0.054%	$978K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	+0.407%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.253%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.102%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2951	+0.092%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	0.000%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.068%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	+0.204%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2946	−0.074%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2948	−0.007%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2960	+0.424%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+0.573%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2945	−0.102%	$844K	$382K	50x	as long as short
Extended JUP-USDshort	+0.0408%	1h	0.2947	−0.043%	$2.2M	$502K	25x