Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against MEXC+0.110%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.615%+$62 · spread now +0.110%, 7d avg −0.020%

Together, before fees+0.614%+ Points / potential airdropNado: Active · farm board+$61 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: Nado is 0.130% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2946	0.0100	pay 0.0050% / 4h	1h 41m	$7.5M	$6.6M	200x
Short	Nado JUP-PERP	0.2949	0.0100	get 0.0012% / 1h	41m 34s	$597K	$511K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → −0.020%: $13.03
Slippage, 4 orders: −$20.2
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$14.17
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Nado: live order book, 22 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, 6 min ago	1.70 bp	5.6 bp −$6	13.6 bp −$136	92.6 bp −$9,257	248.2 bp −$124.1K
Sell Nado live order book, 22 min ago	1.87 bp	8.0 bp −$8	33.9 bp −$339	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	−0.5000%	1h	0.2904	−1.426%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2951	+0.170%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2946	−0.009%	$281K	$147K	10x	as long as short
Bybit JUPUSDT	0.0000%	4h	0.2946	+0.003%	$15.8M	$19.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2951	+0.177%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2950	+0.145%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0003%	1h	0.2953	+0.224%	$980K	$231K	10x	as long as short
OKX JUP-USDT-SWAP	+0.0030%	4h	0.2950	+0.136%	$4.0M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	+0.136%	—	—	20x	as long as short
Variational Omni JUP	+0.0076%	4h	0.2933	−0.425%	$715K	$698K	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2949	+0.112%	$780K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2945	−0.041%	$9K	$11K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2949	+0.110%	$597K	$511K	10x
Hyperliquid JUP	+0.0100%	1h	0.2950	+0.136%	$18.7M	$10.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2949	+0.102%	$114K	$298K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2947	+0.034%	$16.3M	$43.5M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.250%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2946	0.000%	$736K	$1.4M	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2946	long leg	$7.5M	$6.6M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2947	+0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2947	+0.034%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	0.000%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.114%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	0.000%	$157K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.268%	$93K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2950	+0.136%	$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	+0.136%	$2.9M	$3.4M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	+0.102%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0105%	1h	0.2949	+0.116%	$39K	$27K	5x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2950	+0.129%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2953	+0.221%	$589K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2954	+0.289%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2937	−0.312%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2948	+0.068%	$843K	$369K	50x	as long as short
Extended JUP-USD	+0.0352%	1h	0.2946	+0.008%	$2.2M	$492K	25x	as long as short