Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Phemex against MEXC+0.203%7-day average +0.160% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.203%, 7d avg +0.160%

Together, before fees+0.164%+$16 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: Phemex is 0.042% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.160%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2961	0.0100	pay 0.0050% / 4h	0m 53s	$7.4M	$6.4M	200x
Short	Phemex JUPUSDT	0.2967	0.0100	get 0.0050% / 4h	0m 53s	$2.9M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.203%Rate

Funding earned: $0
Price spread: +0.203% → +0.160%: $4.25
Slippage, 4 orders: −$38.13
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$45.88
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Phemex: live order book, 3 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	1.69 bp	4.9 bp −$5	18.4 bp −$184	109.4 bp −$10.9K	254.1 bp −$127.1K
Sell Phemex live order book, 3 min ago	1.69 bp	18.8 bp −$19	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	0.2920	−1.385%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2965	+0.122%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2964	+0.094%	$282K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2964	+0.105%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2964	+0.108%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2965	+0.150%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	+0.077%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0095%	1h	0.2964	+0.104%	$594K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.162%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2965	+0.148%	$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	0.2965	+0.152%	$604K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.115%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	+0.089%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2962	+0.034%	$16.3M	$40.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2960	−0.034%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	+0.034%	$4.0M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.416%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2962	+0.034%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2961	long leg	$7.4M	$6.4M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.068%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	+0.068%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2961	0.000%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	+0.064%	$979K	$233K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2959	−0.051%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2958	−0.101%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	−0.101%	$157K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	+0.355%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2965	+0.135%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.101%	$111K	$45K	20x	as long as short
Phemex JUPUSDTshort	+0.0100%	4h	0.2967	+0.203%	$2.9M	$3.1M	50x
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.024%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2967	+0.186%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.307%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2961	−0.002%	$2.2M	$498K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2964	+0.084%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2962	+0.034%	$838K	$376K	50x	as long as short