Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: MEXC against gTrade (Gains Network)−0.028%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 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 0.028% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.2907	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	29m 54s	—	—	150x
Short	MEXC JUP_USDT	0.2906	0.0100	get 0.0050% / 4h	2h 29m	$6.8M	$6.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.028%Rate

Funding earned: $20.77
Price spread: −0.028% → 0.000%: −$2.75
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $8.02
Costs to cover: 0.100%
Break-even: 4.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 3 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	5.16 bp	6.3 bp −$6	9.7 bp −$97	57.9 bp −$5,791	219.7 bp −$109.8K

gTrade (Gains Network): 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	−0.4499%	1h	0.2910	+0.110%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2906	−0.036%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2904	−0.085%	$277K	$145K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2907	−0.003%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S −0.0001%	1h	0.2907	long leg	—	—	150x
dYdX JUP-USD	+0.0014%	1h	0.2904	−0.112%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2909	+0.086%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2908	+0.045%	$758K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2904	−0.090%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2910	+0.101%	$577K	$493K	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	0.2908	+0.055%	$18.3M	$8.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2907	−0.006%	$107K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2906	−0.037%	$15.9M	$39.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2903	−0.127%	$15.6M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2905	−0.062%	$4.0M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.092%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2905	−0.062%	$712K	$1.4M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2906	−0.028%	$6.8M	$6.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2906	−0.028%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2906	−0.028%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2904	−0.096%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2907	+0.007%	$961K	$189K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2898	−0.301%	$703K	$630K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2911	+0.128%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2908	+0.041%	$160K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2910	+0.103%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2907	+0.007%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2897	−0.337%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2904	−0.104%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2909	+0.083%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0160%	1h	0.2905	−0.063%	$2.2M	$524K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0260%	1h	0.2907	+0.016%	$577K	$460K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2917	+0.354%	$98K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2909	+0.079%	$74K	$48K	50x	as long as short
Phemex JUPUSDT	+0.0284%	4h	0.2912	+0.179%	$2.8M	$3.0M	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2903	−0.131%	$825K	$375K	50x	as long as short