Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0440%/8h= +48.2% APRpaid last 24h +0.221%

Price spread now: MEXC against GMX+0.027%7-day average — · you sell dearer than you buy

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

Long on GMX 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—needs both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and MEXC is 0.027% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread 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	GMX JUP/USD [WBTC.b-USDC]	0.2935	L −0.0340% / S +0.0664%	get 0.0043% / 1h	27m 00s	$16K	—	100x
Short	MEXC JUP_USDT	0.2936	0.0100	get 0.0050% / 4h	3h 27m	$7.8M	$5.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. 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 GMXbpFee MEXCbpOrdersPrice spread, now +0.027%Rate

Funding earned: $92.41
Price spread: +0.027% → 0.000%: $2.66
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $83.07
Costs to cover: 0.120%
Break-even: 0.7 days

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 6 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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 6 min ago	1.71 bp	5.5 bp −$5	21.5 bp −$215	109.4 bp −$10.9K	258.7 bp −$129.4K

GMX: 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	−0.3798%	1h	0.2898	−1.268%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]long	L −0.0340% / S +0.0664%	1h	0.2935	long leg	$16K	—	100x
Bybit JUPUSDT	−0.0151%	4h	0.2936	+0.027%	$16.0M	$16.9M	50x	as long as short
Pacifica JUP	−0.0070%	1h	0.2935	+0.003%	$280K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2935	+0.010%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2927	−0.270%	$16K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2932	−0.109%	—	—	20x	as long as short
dYdX JUP-USD	+0.0069%	1h	0.2935	−0.024%	$39K	$16K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2938	+0.095%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2934	−0.053%	$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	0.2934	−0.050%	$581K	$489K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2938	+0.098%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2938	+0.086%	$101K	$297K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2939	+0.129%	$16.1M	$38.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2938	+0.095%	$4.1M	$10.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2924	−0.385%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2932	−0.110%	$695K	$1.3M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2936	+0.027%	$7.8M	$5.6M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2936	+0.027%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2937	+0.061%	$5.8M	$4.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2934	−0.042%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2935	+0.006%	$974K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2923	−0.416%	$710K	$485K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2930	−0.178%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2927	−0.280%	$161K	$249K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2934	−0.025%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2935	−0.007%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2927	−0.280%	$112K	$46K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2935	−0.019%	$2.2M	$566K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2932	−0.127%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0128%	4h	0.2937	+0.061%	$2.9M	$2.9M	50x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2935	−0.018%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2929	−0.198%	$106K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0279%	1h	0.2936	+0.026%	$579K	$405K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2957	+0.725%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2927	−0.280%	$822K	$374K	50x	as long as short