Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.048%

Price spread now: MEXC against Deribit−0.111%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.111% cheaper against Deribit than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2965	0	get 0.0000% / 1h	21m 51s	$54K	$16K	10x
Short	MEXC JUP_USDT	0.2962	0.0100	get 0.0050% / 4h	2h 21m	$7.4M	$7.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.111%Rate

Funding earned: $21
Price spread: −0.111% → 0.000%: −$11.13
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $2.87
Costs to cover: 0.070%
Break-even: 6.0 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	1.69 bp	4.2 bp −$4	10.5 bp −$105	67.8 bp −$6,782	234.2 bp −$117.1K

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 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 PERP	−0.4347%	1h	0.2917	−1.629%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2966	+0.020%	$283K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2965	−0.017%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0186%	4h	0.2959	−0.216%	$15.9M	$20.0M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0048%	4h	0.2960	−0.179%	$4.1M	$14.0M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2964	−0.050%	$592K	$515K	20x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2965	long leg	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2964	−0.035%	—	—	150x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2963	−0.064%	$39K	$29K	5x	as long as short
Variational Omni JUP	+0.0036%	4h	0.2967	+0.058%	$724K	$751K	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JUP_USDT	+0.0052%	4h	0.2964	−0.044%	$740K	$1.5M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2965	−0.026%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2966	+0.029%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2967	+0.040%	$784K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2964	−0.044%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2965	−0.010%	$601K	$535K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2966	+0.034%	$18.9M	$10.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2965	−0.026%	$114K	$321K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	−0.145%	$16.4M	$45.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2964	−0.044%	$62K	$8K	10x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2962	−0.111%	$7.4M	$7.0M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2964	−0.044%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	−0.078%	$5.8M	$6.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	−0.111%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2964	−0.037%	$981K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	+0.024%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2968	+0.091%	$158K	$296K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.071%	$94K	$109K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2959	−0.212%	$112K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2969	+0.125%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2961	−0.132%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2967	+0.071%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2970	+0.175%	$98K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2969	+0.128%	$75K	$51K	50x	as long as short
Extended JUP-USD	+0.0424%	1h	0.2960	−0.188%	$2.2M	$486K	25x	as long as short