Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h −0.068%

Price spread now: MEXC against Kraken Futures−0.013%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.709%−$71 on $10k

Price spread, last 3 days (all we have)−0.245%−$24 · spread now −0.013%, 7d avg −0.105%

Together, before fees−0.953%−$95 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.092% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.105%. Mind the row above: over the last 7 days funding on this pair cost −0.709%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2957	−0.0176	get 0.0022% / 1h	7m 03s	$599K	$618K	20x
Short	MEXC JUP_USDT	0.2957	0.0100	get 0.0050% / 4h	1h 07m	$8.1M	$8.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.013%Rate

Funding earned: $57.92
Price spread: −0.013% → −0.105%: $9.22
Slippage, 4 orders: −$43.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $13.26
Costs to cover: 0.539%
Break-even: 5.4 days

Slippage from Kraken Futures: live order book, 11 min ago; MEXC: live order book, 6 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 Kraken Futures live order book, 11 min ago	11.84 bp	25.6 bp −$26	100.5 bp −$1,005	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	1.69 bp	4.7 bp −$5	12.0 bp −$120	79.9 bp −$7,993	235.4 bp −$117.7K

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	−0.3508%	1h	0.2911	−1.568%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0708%	1h	0.2958	+0.016%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2953	−0.159%	$281K	$169K	10x	as long as short
Kraken Futures PF_JUPUSDlong	−0.0176%	1h	0.2957	long leg	$599K	$618K	20x
01 Exchange JUPUSD	−0.0016%	1h	0.2953	−0.158%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2958	+0.021%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2958	+0.018%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0002%	4h	0.2954	−0.114%	$746K	$1.9M	75x	as long as short
Bybit JUPUSDT	+0.0042%	4h	0.2956	−0.047%	$16.2M	$23.2M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	−0.102%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0076%	8h	0.2952	−0.180%	$9K	$13K	10x	as long as short
Backpack JUP_USDC_PERP	+0.0081%	1h	0.2959	+0.065%	$979K	$254K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2960	+0.092%	$794K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2953	−0.148%	$611K	$669K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.234%	$19.1M	$13.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2959	+0.047%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	+0.021%	$16.3M	$54.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	−0.013%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	−0.148%	$57K	$2K	10x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2957	−0.013%	$8.1M	$8.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	+0.055%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2958	+0.021%	$5.6M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	+0.021%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2950	−0.246%	$713K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2958	+0.018%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	−0.080%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	+0.109%	$93K	$131K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2957	−0.013%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	−0.249%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2961	+0.123%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	−0.074%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0110%	4h	0.2951	−0.216%	$843K	$326K	50x	as long as short
dYdX JUP-USD	+0.0117%	1h	0.2957	−0.025%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2957	−0.009%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0192%	1h	0.2954	−0.101%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2961	+0.129%	$74K	$94K	50x	as long as short