Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.054%

Price spread now: MEXC against Hyperliquid−0.118%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.118%, 7d avg −0.089%

Together, before fees−0.026%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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 0.029% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2965	0.0100	pay 0.0013% / 1h	32m 50s	$19.0M	$14.1M	10x
Short	MEXC JUP_USDT	0.2962	0.0100	get 0.0050% / 4h	2h 32m	$8.1M	$8.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. 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 HyperliquidbpFee MEXCbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.089%: −$2.89
Slippage, 4 orders: −$23.69
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$35.58
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; MEXC: live order book, 5 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 Hyperliquid live order book, 10 min ago	1.18 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.68 bp	4.6 bp −$5	17.3 bp −$173	108.6 bp −$10.9K	257.9 bp −$128.9K

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	−0.5000%	1h	0.2930	−1.197%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0807% / S +0.0277%	1h	0.2964	−0.052%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0244%	4h	0.2962	−0.128%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0155%	1h	0.2964	−0.054%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2970	+0.138%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2965	−0.028%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2964	−0.046%	$601K	$624K	20x	as long as short
Gate JUP_USDT	+0.0016%	4h	0.2963	−0.084%	$739K	$1.9M	75x	as long as short
dYdX JUP-USD	+0.0041%	1h	0.2966	+0.013%	$39K	$36K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	−0.130%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0072%	1h	0.2966	+0.010%	$26K	$19K	5x	as long as short
Variational Omni JUP	+0.0090%	4h	0.2959	−0.206%	$724K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2965	−0.030%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2965	0.000%	$879K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2965	−0.017%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	−0.118%	$598K	$670K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2965	long leg	$19.0M	$14.1M	10x
Aster JUPUSDT	+0.0100%	4h	0.2965	−0.008%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2966	+0.007%	$283K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	−0.139%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2961	−0.152%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2962	−0.118%	$8.1M	$8.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2966	+0.017%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	−0.185%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2963	−0.084%	—	$21.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	−0.091%	$982K	$267K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	+0.009%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2965	−0.017%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.064%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2955	−0.354%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2966	+0.017%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	0.000%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	−0.135%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0123%	4h	0.2961	−0.152%	$860K	$328K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.749%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2960	−0.197%	$2.2M	$539K	25x	as long as short