Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.034%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days+0.015%+$2 · spread now +0.034%, 7d avg −0.012%

Together, before fees+0.043%+$4 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: Bitget is 0.046% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2982	0.0100	pay 0.0050% / 4h	49m 40s	$8.1M	$7.7M	200x
Short	Bitget JUPUSDT	0.2983	0.0100	get 0.0050% / 4h	49m 40s	$5.8M	$8.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.012%: $4.59
Slippage, 4 orders: −$26.46
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$33.87
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: 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 MEXC live order book, 3 min ago	1.68 bp	4.5 bp −$5	19.7 bp −$197	101.2 bp −$10.1K	255.0 bp −$127.5K
Sell Bitget live order book, 4 min ago	1.68 bp	12.2 bp −$12	27.5 bp −$275	doesn't fit	doesn't fit

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	−0.4371%	1h	0.2944	−1.274%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2980	−0.073%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2980	−0.057%	$602K	$621K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2981	−0.017%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0018%	1h	0.2979	−0.087%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2980	−0.052%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2976	−0.189%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0068%	4h	0.2980	−0.067%	$16.3M	$23.0M	50x	as long as short
Gate JUP_USDT	+0.0070%	4h	0.2980	−0.067%	$749K	$1.8M	75x	as long as short
BloFin JUP-USDT	+0.0075%	4h	0.2982	0.000%	$847K	$330K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0080%	1h	0.2984	+0.084%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.2982	+0.014%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2984	+0.070%	$801K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2979	−0.109%	$615K	$664K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2983	+0.033%	$109K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2982	+0.003%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2980	−0.067%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2983	+0.021%	$58K	$2K	10x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2982	long leg	$8.1M	$7.7M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	+0.067%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2983	+0.034%	$5.8M	$8.1M	75x
BingX JUP-USDT	+0.0100%	4h	0.2982	0.000%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	+0.010%	$987K	$246K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	−0.130%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2983	+0.022%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	−0.101%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+0.124%	$94K	$129K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2980	−0.067%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2971	−0.369%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.134%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2978	−0.151%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0127%	1h	0.2981	−0.018%	$39K	$34K	5x	as long as short
Phoenix JUP	+0.0162%	1h	0.2984	+0.050%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0176%	1h	0.2987	+0.161%	$19.2M	$13.2M	10x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2980	−0.052%	$2.2M	$506K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2987	+0.161%	$74K	$95K	50x	as long as short