Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against MEXC−0.153%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days+0.195%+$19 · spread now −0.153%, 7d avg −0.018%

Together, before fees+0.207%+$21 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: Bybit is 0.134% cheaper against MEXC than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.3014	0.0100	pay 0.0050% / 4h	3h 08m	$7.9M	$7.3M	200x
Short	Bybit JUPUSDT	0.3009	0.0100	get 0.0050% / 4h	3h 08m	$16.5M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → −0.018%: −$13.42
Slippage, 4 orders: −$28.29
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$52.71
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: 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 MEXC live order book, 4 min ago	3.32 bp	5.7 bp −$6	19.4 bp −$194	108.8 bp −$10.9K	276.5 bp −$138.2K
Sell Bybit live order book, 5 min ago	3.31 bp	15.0 bp −$15	38.9 bp −$389	220.6 bp −$22.1K	doesn't fit

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	−0.4634%	1h	0.2985	−0.962%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3012	−0.066%	$287K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3017	+0.107%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3015	+0.020%	$607K	$525K	20x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.3017	+0.100%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0042%	4h	0.3006	−0.265%	$4.1M	$15.6M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3016	+0.080%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3017	+0.094%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0044%	1h	0.3016	+0.050%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3015	+0.018%	—	—	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	+0.0081%	8h	0.3009	−0.180%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3014	−0.010%	$754K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3017	+0.100%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3016	+0.058%	$623K	$625K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3018	+0.146%	$19.4M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3014	−0.004%	$116K	$326K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3013	−0.038%	$16.6M	$48.5M	75x	as long as short
Bybit JUPUSDTshort	+0.0100%	4h	0.3009	−0.153%	$16.5M	$20.4M	50x
Bulk JUP-USD	+0.0100%	1h	0.3001	−0.431%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3013	−0.033%	$757K	$1.6M	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.3014	long leg	$7.9M	$7.3M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.3012	−0.066%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3010	−0.133%	$5.9M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3008	−0.199%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3015	+0.046%	$997K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3010	−0.133%	$728K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3023	+0.299%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3015	+0.033%	$160K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3020	+0.206%	$95K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3010	−0.133%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3021	+0.232%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3013	−0.039%	$2.2M	$490K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3014	−0.017%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3019	+0.169%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3019	+0.169%	$75K	$61K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3013	−0.033%	$852K	$358K	50x	as long as short