Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: MEXC against Bybit+0.107%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.085%−$9 · spread now +0.107%, 7d avg +0.024%

Together, before fees−0.087%−$9 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 0.083% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2891	0.0100	pay 0.0050% / 4h	49m 51s	$15.7M	$14.3M	50x
Short	MEXC JUP_USDT	0.2894	0.0100	get 0.0050% / 4h	49m 51s	$8.0M	$5.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.024%: $8.28
Slippage, 4 orders: −$26.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$28.8
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 1 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 Bybit live order book, 2 min ago	1.73 bp	13.8 bp −$14	36.9 bp −$369	338.8 bp −$33.9K	doesn't fit
Sell MEXC live order book, 1 min ago	1.73 bp	4.9 bp −$5	17.0 bp −$170	101.1 bp −$10.1K	246.0 bp −$123.0K

JUP on 36 exchanges

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
Pacifica JUP	−0.0298%	1h	0.2895	+0.139%	$276K	$132K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2901	+0.345%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0136%	1h	0.2900	+0.329%	$26K	$2K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2898	+0.228%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2901	+0.350%	$17K	—	150x	as long as short
Injective JUP/USDC PERP	+0.0033%	1h	0.3020	+4.466%	$3K	$205K	5.5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2900	+0.305%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0081%	4h	0.2896	+0.176%	$798K	$368K	50x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2895	+0.146%	$9K	$9K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2898	+0.232%	$746K	$924K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2901	+0.349%	$438K	$629K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2895	+0.149%	$17.6M	$6.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2894	+0.111%	$100K	$254K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2893	+0.080%	$15.7M	$34.7M	75x	as long as short
Bybit JUPUSDTlong	+0.0100%	4h	0.2891	long leg	$15.7M	$14.3M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2891	+0.003%	$4.0M	$9.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2896	+0.173%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2895	+0.142%	$700K	$1.0M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2894	+0.107%	$8.0M	$5.2M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2896	+0.176%	$3.9M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2894	+0.107%	$5.7M	$3.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2894	+0.107%	—	$10.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2896	+0.180%	$974K	$238K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2893	+0.063%	$700K	$217K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2897	+0.217%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2897	+0.211%	$158K	$223K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2903	+0.415%	$92K	$100K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2898	+0.246%	$33K	$27K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2893	+0.073%	$110K	$57K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2891	+0.004%	$2.1M	$582K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2897	+0.211%	$39K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0160%	1h	0.2910	+0.671%	$80K	$59K	50x	as long as short
Phemex JUPUSDT	+0.0224%	4h	0.2900	+0.315%	$2.9M	$2.7M	50x	as long as short
Phoenix JUP	+0.0276%	1h	0.2898	+0.246%	$97K	$254K	10x	as long as short
dYdX JUP-USD	+0.0509%	1h	0.2897	+0.205%	$38K	$10K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0574%	1h	0.2898	+0.241%	$575K	$391K	20x	as long as short