Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h −0.247%

Price spread now: MEXC against dYdX−0.153%47s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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 0.153% cheaper against dYdX than usual: you would sell low and buy high (spread −0.153% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 8.1 days of funding at the current rate (+$2 a day). The two prices were read 47 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	dYdX JUP-USD	0.3015	0.0037	pay 0.0005% / 1h	58m 52s	$40K	$16K	5x
Short	MEXC JUP_USDT	0.3010	0.0100	get 0.0050% / 4h	2h 58m	$8.1M	$5.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against dYdX. 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 dYdXbpFee MEXCbpOrdersPrice spread, now −0.153%Rate

Funding earned: $13.31
Price spread: −0.153% → 0.000%: −$15.35
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.04
Costs to cover: 0.100%
Break-even: 13.3 days

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 4 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 dYdX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	3.31 bp	4.0 bp −$4	13.2 bp −$132	109.7 bp −$11.0K	260.6 bp −$130.3K

dYdX: 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	−0.3614%	1h	0.3025	+0.344%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.3017	+0.085%	$17K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.3017	+0.070%	$287K	$131K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3010	−0.163%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.3023	+0.283%	$18K	—	150x	as long as short
dYdX JUP-USDlong	+0.0037%	1h	0.3015	long leg	$40K	$16K	5x
Reya JUPRUSDPERP	+0.0057%	1h	0.3009	−0.172%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.3009	−0.177%	$772K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.3016	+0.055%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3013	−0.071%	$588K	$480K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.3010	−0.163%	$18.6M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3012	−0.101%	$104K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3007	−0.255%	$16.7M	$37.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3004	−0.339%	$16.3M	$16.6M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.3003	−0.386%	$4.1M	$10.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3016	+0.046%	$63K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3008	−0.220%	$719K	$1.3M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.3010	−0.153%	$8.1M	$5.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.3010	−0.153%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3008	−0.220%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3006	−0.286%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3011	−0.134%	$998K	$213K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3011	−0.122%	$729K	$470K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3019	+0.145%	$1.7M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3016	+0.046%	$166K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3020	+0.168%	$95K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3010	−0.153%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3009	−0.187%	$114K	$51K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3016	+0.046%	$2.9M	$2.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3008	−0.231%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0160%	1h	0.3006	−0.280%	$2.2M	$543K	25x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.3018	+0.105%	$27K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.3025	+0.331%	$109K	$263K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3016	+0.046%	$837K	$384K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0360%	1h	0.3025	+0.347%	$77K	$52K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0384%	1h	0.3011	−0.110%	$591K	$397K	20x	as long as short