Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni−1.094%96s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.432% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.678%+$68 · spread now −1.094%, 7d avg −0.046%

Together, before fees+0.631%+$63 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: MEXC is 1.048% cheaper against ApeX Omni than usual: you would sell low and buy high, −$105 on $10k if it goes back to its 7-day average of −0.046%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.3016	0.0100	pay 0.0013% / 1h	55m 57s	$166K	$250K	50x
Short	MEXC JUP_USDT	0.2983	0.0100	get 0.0050% / 4h	2h 55m	$8.0M	$5.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now −1.094%Rate

Funding earned: $0
Price spread: −1.094% → −0.046%: −$104.83
Slippage, 4 orders: −$33.15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$147.98
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 36 min ago; MEXC: live order book, 2 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 ApeX Omni live order book, 36 min ago	8.55 bp	17.7 bp −$18	107.3 bp −$1,073	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.66 bp	3.2 bp −$3	11.3 bp −$113	103.0 bp −$10.3K	258.1 bp −$129.0K

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	−0.3614%	1h	0.3025	+0.298%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2994	−0.733%	$17K	—	100x	as long as short
Pacifica JUP	−0.0028%	1h	0.2998	−0.603%	$286K	$131K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.3000	−0.516%	$40K	$16K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2993	−0.776%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.3023	+0.237%	$18K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2990	−0.864%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2999	−0.554%	$27K	$2K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2994	−0.716%	$769K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2998	−0.590%	$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	0.2995	−0.688%	$585K	$481K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2986	−0.981%	$18.4M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2984	−1.061%	$103K	$293K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2981	−1.160%	$16.6M	$38.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2980	−1.194%	$16.2M	$16.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2982	−1.127%	$4.1M	$10.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3002	−0.478%	$62K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2981	−1.160%	$710K	$1.3M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2983	−1.094%	$8.0M	$5.2M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	−1.061%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2984	−1.061%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2983	−1.094%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2985	−1.031%	$993K	$225K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2988	−0.915%	$723K	$470K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3019	+0.099%	$1.7M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.3016	long leg	$166K	$250K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.3003	−0.418%	$95K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2993	−0.763%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2985	−1.028%	$114K	$51K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2994	−0.729%	$2.9M	$2.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2993	−0.747%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0128%	1h	0.2980	−1.207%	$2.2M	$543K	25x	as long as short
Phoenix JUP	+0.0272%	1h	0.3025	+0.285%	$109K	$263K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3016	0.000%	$849K	$384K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0360%	1h	0.2992	−0.812%	$77K	$52K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0386%	1h	0.2993	−0.767%	$588K	$397K	20x	as long as short