Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.003%

Price spread now: MEXC against Paradex+0.067%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.067% dearer against Paradex than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2931	0.0098	pay 0.0098% / 8h	1m 41s	$9K	$11K	10x
Short	MEXC JUP_USDT	0.2933	0.0100	get 0.0050% / 4h	1m 41s	$7.1M	$5.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Paradex. 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 ParadexbpFee MEXCbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0.41
Price spread: +0.067% → 0.000%: $6.7
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.12
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	3.41 bp	6.1 bp −$6	16.7 bp −$167	111.6 bp −$11.2K	256.2 bp −$128.1K

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3836%	1h	0.2886	−1.536%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2933	+0.053%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2932	+0.040%	$280K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2932	+0.033%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2932	+0.041%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0029%	1h	0.2933	+0.077%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2931	+0.002%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2935	+0.132%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERPlong	+0.0098%	8h	0.2931	long leg	$9K	$11K	10x
Nado JUP-PERP	+0.0100%	1h	0.2932	+0.016%	$577K	$491K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2935	+0.135%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2933	+0.055%	$101K	$294K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2932	+0.033%	$16.1M	$38.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2930	−0.035%	$15.9M	$17.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2932	+0.033%	$4.0M	$10.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2931	−0.001%	$699K	$1.4M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2933	+0.067%	$7.1M	$5.5M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2933	+0.067%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2933	+0.067%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2932	+0.033%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2932	+0.040%	$970K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2927	−0.134%	$711K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2930	−0.035%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2931	−0.001%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2935	+0.122%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2932	+0.033%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2921	−0.342%	$110K	$42K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2928	−0.093%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2931	−0.008%	$2.2M	$580K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2929	−0.052%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2934	+0.108%	$26K	$2K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2935	+0.149%	$75K	$49K	50x	as long as short
Phemex JUPUSDT	+0.0321%	4h	0.2936	+0.169%	$2.9M	$3.0M	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2928	−0.104%	$816K	$375K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2935	+0.122%	$105K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0413%	1h	0.2934	+0.109%	$577K	$415K	20x	as long as short