Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.045%

Price spread now: Deribit against MEXC−0.010%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2962	0.0100	pay 0.0050% / 4h	3h 28m	$7.3M	$6.2M	200x
Short	Deribit JUP_USDC-PERPETUAL	0.2962	0	get 0.0000% / 1h	28m 12s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$21
Price spread: −0.010% → 0.000%: −$1.01
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.01
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Deribit: no order-book sample. 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 MEXC live order book, 5 min ago	1.69 bp	4.5 bp −$5	15.8 bp −$158	106.5 bp −$10.7K	255.9 bp −$127.9K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	0.2926	−1.215%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	−0.048%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	−0.068%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2962	+0.015%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2962	−0.010%	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2962	−0.001%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2960	−0.078%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0060%	1h	0.2961	−0.027%	$978K	$185K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.078%	$782K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2960	−0.064%	$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	0.2961	−0.042%	$598K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.081%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.010%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	−0.034%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2959	−0.101%	$16.0M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	0.000%	$4.1M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	−0.034%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2962	long leg	$7.3M	$6.2M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	0.000%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2962	0.000%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2961	−0.034%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	+0.101%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.178%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.135%	$164K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.101%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.034%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.338%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2965	+0.101%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.270%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.068%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2963	+0.032%	$592K	$467K	20x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2962	−0.014%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.159%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2962	0.000%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2959	−0.088%	$2.2M	$499K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2963	+0.034%	$832K	$376K	50x	as long as short