Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.027%

Price spread now: Kraken Futures against MEXC+0.003%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.701%+$70 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now +0.003%, 7d avg +0.093%

Together, before fees+0.903%+$90 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.090% cheaper against MEXC than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.093%). If the spread goes back, that is −$9 on $10k: about 45 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.701% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2925	0.0100	pay 0.0050% / 4h	2h 20m	$6.8M	$6.1M	200x
Short	Kraken Futures PF_JUPUSD	0.2925	0.0258	get 0.0032% / 1h	20m 14s	$577K	$463K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.003%Rate

Funding earned: $33.22
Price spread: +0.003% → +0.093%: −$8.97
Slippage, 4 orders: −$54.44
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$40.19
Costs to cover: 0.644%
Break-even: 15.5 days

Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 28 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	3.44 bp	3.4 bp −$3	14.3 bp −$143	101.0 bp −$10.1K	244.0 bp −$122.0K
Sell Kraken Futures live order book, 28 min ago	20.33 bp	27.7 bp −$28	108.2 bp −$1,082	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	−0.4499%	1h	0.2868	−1.949%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2924	−0.041%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2919	−0.206%	$278K	$142K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2923	−0.060%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2917	−0.257%	$39K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2923	−0.076%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2926	+0.031%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2922	−0.111%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2922	−0.111%	$579K	$493K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2924	−0.024%	$18.1M	$9.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2924	−0.024%	$106K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2926	+0.034%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2923	−0.051%	$15.8M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2927	+0.068%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.889%	$60K	$280	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2921	−0.137%	$717K	$1.4M	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2925	long leg	$6.8M	$6.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2924	−0.034%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2924	−0.034%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2922	−0.103%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2911	−0.479%	$959K	$191K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2909	−0.547%	$706K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2896	−0.998%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−1.128%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2924	−0.031%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2924	−0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2914	−0.376%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2926	+0.029%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2923	−0.055%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0136%	1h	0.2923	−0.054%	$2.2M	$556K	25x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0160%	1h	0.2925	+0.017%	$53K	$17K	10x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0258%	1h	0.2925	+0.003%	$577K	$463K	20x
Phoenix JUP	+0.0271%	1h	0.2905	−0.677%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2925	+0.014%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2910	−0.513%	$819K	$374K	50x	as long as short
Phemex JUPUSDT	+0.0414%	4h	0.2926	+0.034%	$2.9M	$3.1M	50x	as long as short