Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.069%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$860.859% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.069%, 7d avg −0.047%

Together, before fees+0.087%+$9 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 0.022% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2917	0.0100	pay 0.0050% / 4h	37m 31s	$4.0M	$6.7M	50x
Short	MEXC JUP_USDT	0.2915	0.0100	get 0.0050% / 4h	37m 31s	$6.7M	$5.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.047%: −$2.16
Slippage, 4 orders: −$73.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$88.09
Costs to cover: 0.859%
Break-even: never at this rate

Slippage from KuCoin: 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 KuCoin live order book, 10 min ago	6.83 bp	31.5 bp −$31	114.8 bp −$1,148	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.71 bp	6.2 bp −$6	13.0 bp −$130	86.1 bp −$8,609	251.8 bp −$125.9K

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	−0.3836%	1h	0.2886	−1.063%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2915	−0.074%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2916	−0.029%	$278K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2920	+0.099%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2921	+0.128%	—	—	150x	as long as short
dYdX JUP-USD	+0.0034%	1h	0.2916	−0.019%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2914	−0.103%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2920	+0.093%	$756K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2916	−0.021%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2914	−0.086%	$570K	$492K	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	0.2917	+0.014%	$18.0M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2917	−0.004%	$99K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2915	−0.069%	$16.0M	$39.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2913	−0.137%	$15.8M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2915	−0.069%	$4.0M	$10.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2918	+0.038%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2918	+0.034%	$699K	$1.4M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2915	−0.069%	$6.7M	$5.5M	200x
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2917	long leg	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2916	−0.034%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2917	0.000%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2919	+0.065%	$966K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2924	+0.238%	$708K	$529K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2922	+0.180%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2927	+0.343%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2917	+0.014%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2920	+0.103%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2914	−0.103%	$110K	$42K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2918	+0.051%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2915	−0.069%	$26K	$5K	5x	as long as short
Extended JUP-USD	+0.0160%	1h	0.2916	−0.043%	$2.2M	$573K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2927	+0.329%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2922	+0.171%	$817K	$371K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2921	+0.141%	$105K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0415%	1h	0.2921	+0.120%	$575K	$417K	20x	as long as short
Phemex JUPUSDT	+0.0432%	4h	0.2922	+0.171%	$2.9M	$3.0M	50x	as long as short