Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni−0.203%81s7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.448% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.203%, 7d avg −0.049%

Together, before fees+0.018%+$2 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 0.154% cheaper against ApeX Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.049%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2959	0.0100	pay 0.0013% / 1h	23m 58s	$163K	$254K	50x
Short	MEXC JUP_USDT	0.2953	0.0100	get 0.0050% / 4h	3h 23m	$7.3M	$6.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now −0.203%Rate

Funding earned: $0
Price spread: −0.203% → −0.049%: −$15.42
Slippage, 4 orders: −$34.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$60.18
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; MEXC: live order book, 4 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 ApeX Omni live order book, 28 min ago	10.13 bp	18.1 bp −$18	114.1 bp −$1,141	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.69 bp	5.0 bp −$5	17.3 bp −$173	100.4 bp −$10.0K	255.1 bp −$127.5K

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	0.2926	−1.115%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2952	−0.220%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2953	−0.216%	$281K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2956	−0.086%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	−0.226%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2954	−0.162%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0026%	1h	0.2953	−0.206%	$976K	$185K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.263%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2955	−0.145%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2952	−0.252%	$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	0.2953	−0.220%	$595K	$489K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	−0.125%	$18.6M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2953	−0.200%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.237%	$16.2M	$39.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2951	−0.270%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	−0.203%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2953	−0.203%	$734K	$1.4M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2953	−0.203%	$7.3M	$6.2M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	−0.237%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2952	−0.237%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.203%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2954	−0.171%	$720K	$624K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2963	+0.136%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2959	long leg	$163K	$254K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2956	−0.115%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	−0.203%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.406%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	−0.034%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.169%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	−0.250%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2954	−0.169%	$588K	$470K	20x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2954	−0.182%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.260%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2962	+0.101%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2951	−0.272%	$2.2M	$502K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2951	−0.270%	$831K	$374K	50x	as long as short