Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.4447%/8h= +487.0% APRpaid last 24h +0.653%

Price spread now: MEXC against Injective+0.994%7-day average +2.065% · you sell dearer than you buy

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+2.417%+$242 on $10k

Price spread, last 3 days (all we have)−0.618%−$62 · spread now +0.994%, 7d avg +2.065%

Together, before fees+1.799%+$180 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 1.071% cheaper against Injective than usual: you would sell low and buy high (spread +0.994% now, against its 7-day average of +2.065%). If the spread goes back, that is −$107 on $10k: about 19 hours of funding at the current rate (+$133 a day). At the pace of the last 7 days (+2.417% in total) that is about 3.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.417% in total (about 126.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective JUP/USDC PERP	0.2917	−0.4347	get 0.0543% / 1h	0m 59s	$3K	$206K	5.5x
Short	MEXC JUP_USDT	0.2946	0.0100	get 0.0050% / 4h	2h 00m	$7.3M	$7.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee MEXCbpOrdersPrice spread, now +0.994%Rate

Funding earned: $933.97
Price spread: +0.994% → +2.065%: −$107.07
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $826.88
Costs to cover: 0.000%
Break-even: 0.8 days

Slippage unknown: Injective: live order book, 3 min ago; 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 Injective live order book, 3 min ago	78.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.70 bp	4.5 bp −$4	13.0 bp −$130	83.9 bp −$8,394	251.1 bp −$125.5K

JUP on 35 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 PERPlong	−0.4347%	1h	0.2917	long leg	$3K	$206K	5.5x
Pacifica JUP	−0.0353%	1h	0.2946	+0.998%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2946	+1.009%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0037%	4h	0.2945	+0.960%	$15.8M	$19.5M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2947	+1.040%	$589K	$503K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2946	+1.004%	$54K	$16K	10x	as long as short
OKX JUP-USDT-SWAP	0.0000%	4h	0.2947	+1.028%	$4.0M	$12.9M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	+1.029%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	+0.926%	—	—	20x	as long as short
dYdX JUP-USD	+0.0074%	1h	0.2949	+1.113%	$39K	$28K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0075%	4h	0.2942	+0.874%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0094%	8h	0.2945	+0.955%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2949	+1.080%	$779K	$1.3M	10x	as long as short
Gate JUP_USDT	+0.0098%	4h	0.2947	+1.028%	$732K	$1.5M	75x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2944	+0.943%	$595K	$518K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2948	+1.063%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2948	+1.054%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	+0.994%	$16.2M	$44.3M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2946	+0.994%	$7.3M	$7.0M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2947	+1.028%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2947	+1.028%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	+0.994%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2946	+1.004%	$976K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+1.166%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+1.131%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+1.118%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2947	+1.028%	$31K	$43K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2940	+0.788%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2951	+1.166%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+1.166%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2945	+0.952%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2947	+1.022%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+1.138%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2955	+1.306%	$74K	$50K	50x	as long as short
Extended JUP-USD	+0.0408%	1h	0.2945	+0.944%	$2.2M	$490K	25x	as long as short