Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Polymarket Perps−0.170%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.222%+$22 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now −0.170%, 7d avg −0.116%

Together, before fees+0.102%+$10 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: MEXC is 0.054% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.3000	0.0100	pay 0.0013% / 1h	41m 02s	$95K	$116K	10x
Short	MEXC JUP_USDT	0.2995	0.0100	get 0.0050% / 4h	3h 41m	$8.0M	$7.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Polymarket Perps. 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 Polymarket PerpsbpFee MEXCbpOrdersPrice spread, now −0.170%Rate

Funding earned: $0
Price spread: −0.170% → −0.116%: −$5.36
Slippage, 4 orders: −$40.73
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$54.09
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 31 min ago; MEXC: live order book, 2 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 Polymarket Perps live order book, 31 min ago	10.25 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.67 bp	3.4 bp −$3	13.0 bp −$130	84.0 bp −$8,404	235.7 bp −$117.8K

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	−0.4634%	1h	0.2959	−1.370%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2996	−0.149%	$285K	$150K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2996	−0.141%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2996	−0.134%	$603K	$538K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0050%	1h	0.2996	−0.147%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2995	−0.155%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0010%	4h	0.2992	−0.270%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.2996	−0.137%	$26K	$19K	5x	as long as short
dYdX JUP-USD	+0.0027%	1h	0.2995	−0.178%	$39K	$32K	5x	as long as short
BloFin JUP-USDT	+0.0052%	4h	0.2992	−0.270%	$848K	$317K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2993	−0.227%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0081%	8h	0.2992	−0.264%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2996	−0.123%	$754K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2996	−0.137%	$31K	$46K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2993	−0.237%	$621K	$633K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2999	−0.050%	$19.3M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2996	−0.133%	$115K	$336K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2994	−0.210%	$16.5M	$50.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2993	−0.237%	$16.3M	$21.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2987	−0.431%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2993	−0.237%	$754K	$1.6M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2995	−0.170%	$8.0M	$7.3M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2995	−0.170%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2995	−0.170%	$5.9M	$7.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2992	−0.270%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2995	−0.180%	$991K	$232K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2994	−0.202%	$727K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3001	+0.020%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2984	−0.537%	$159K	$312K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.3000	long leg	$95K	$116K	10x
HTX JUP-USDT	+0.0100%	4h	0.2992	−0.270%	$113K	$57K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2999	−0.037%	$2.9M	$3.8M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2993	−0.241%	$2.2M	$492K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2994	−0.220%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3005	+0.163%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3005	+0.173%	$75K	$89K	50x	as long as short