Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.040%

Price spread now: MEXC against Coinbase International−0.649%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.649% cheaper against Coinbase International than usual: you would sell low and buy high (−$65 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JUP-PERP-INTX	0.2958	0.0304	pay 0.0038% / 1h	56m 18s	$75K	$49K	50x
Short	MEXC JUP_USDT	0.2939	0.0100	get 0.0050% / 4h	1h 56m	$6.8M	$5.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. 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 Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now −0.649%Rate

Funding earned: −$42.84
Price spread: −0.649% → 0.000%: −$64.9
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$117.74
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: 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 Coinbase International no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	1.70 bp	4.5 bp −$5	11.8 bp −$118	95.5 bp −$9,546	251.0 bp −$125.5K

Coinbase International: 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	−0.5000%	1h	0.2922	−1.224%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2939	−0.659%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2939	−0.654%	$280K	$143K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2939	−0.635%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2940	−0.608%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2940	−0.609%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2938	−0.699%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2943	−0.531%	$763K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2940	−0.619%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2940	−0.615%	$576K	$494K	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	0.2941	−0.588%	$18.2M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2942	−0.556%	$107K	$283K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2940	−0.615%	$16.2M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2938	−0.683%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2939	−0.649%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	−0.185%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2941	−0.581%	$714K	$1.4M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2939	−0.649%	$6.8M	$5.6M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2941	−0.581%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2939	−0.649%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2941	−0.581%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2942	−0.565%	$973K	$233K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2949	−0.313%	$715K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	−0.169%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2951	−0.243%	$163K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2940	−0.602%	$93K	$103K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2941	−0.581%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2935	−0.784%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2938	−0.671%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2938	−0.683%	$2.2M	$570K	25x	as long as short
01 Exchange JUPUSD	+0.0256%	1h	0.2941	−0.578%	$26K	$8K	5x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	−0.247%	$98K	$279K	10x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0304%	1h	0.2958	long leg	$75K	$49K	50x
BloFin JUP-USDT	+0.0340%	4h	0.2940	−0.615%	$823K	$379K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0374%	1h	0.2941	−0.595%	$580K	$462K	20x	as long as short
Phemex JUPUSDT	+0.0684%	4h	0.2946	−0.412%	$2.9M	$3.1M	50x	as long as short