Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.4471%/8h= −489.5% APRpaid last 24h −0.539%

Price spread now: Injective against MEXC−1.210%7-day average −2.109% · you buy dearer than you sell

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.296%−$230 on $10k

Price spread, last 3 days (all we have)+0.497%+$50 · spread now −1.210%, 7d avg −2.109%

Together, before fees−1.799%−$180 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.899% dearer against MEXC than usual: you sell high and buy low (spread −1.210% now, against its 7-day average of −2.109%): +$90 on $10k if it goes back. Holding the pair costs −$134 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−2.296% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.296% in total (about -119.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2974	0.0100	pay 0.0050% / 4h	9m 08s	$8.1M	$7.7M	200x
Short	Injective JUP/USDC PERP	0.2938	−0.4371	pay 0.0546% / 1h	9m 08s	$3K	$206K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.210%Rate

Funding earned: −$938.82
Price spread: −1.210% → −2.109%: $89.86
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$848.99
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 min ago; Injective: live order book, 5 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 MEXC live order book, 3 min ago	1.68 bp	4.1 bp −$4	12.5 bp −$125	85.2 bp −$8,524	242.3 bp −$121.1K
Sell Injective live order book, 5 min ago	104.27 bp	doesn't fit	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 PERPshort	−0.4371%	1h	0.2938	−1.210%	$3K	$206K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2976	+0.056%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2975	+0.030%	$600K	$591K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2972	−0.066%	$283K	$165K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0086%	1h	0.2975	+0.024%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0057%	4h	0.2972	−0.067%	$16.2M	$22.1M	50x	as long as short
01 Exchange JUPUSD	−0.0040%	1h	0.2973	−0.047%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2975	+0.031%	$17K	—	150x	as long as short
Variational Omni JUP	+0.0044%	4h	0.2964	−0.351%	$718K	$777K	—	as long as short
Gate JUP_USDT	+0.0050%	4h	0.2971	−0.101%	$740K	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JUP-USDT-SWAP	+0.0054%	4h	0.2972	−0.067%	$4.0M	$16.1M	50x	as long as short
dYdX JUP-USD	+0.0055%	1h	0.2976	+0.053%	$39K	$33K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2972	−0.056%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2971	−0.105%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2976	+0.067%	$795K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2975	+0.034%	$31K	$48K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2980	+0.188%	$19.2M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2974	+0.010%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2973	−0.022%	$16.3M	$52.0M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2972	−0.067%	$62K	$9K	10x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2974	long leg	$8.1M	$7.7M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2974	0.000%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2974	0.000%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2973	−0.034%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2975	+0.030%	$984K	$234K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2968	−0.201%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2967	−0.235%	$158K	$319K	50x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2971	−0.101%	$615K	$647K	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.249%	$94K	$120K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2966	−0.269%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2976	+0.067%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2972	−0.067%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0134%	4h	0.2973	−0.034%	$637K	$304K	50x	as long as short
Extended JUP-USD	+0.0152%	1h	0.2971	−0.104%	$2.2M	$507K	25x	as long as short
Phoenix JUP	+0.0162%	1h	0.2974	−0.013%	$97K	$479K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.134%	$74K	$91K	50x	as long as short