Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.038%

Price spread now: Deribit against MEXC−0.081%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.081% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.182% in total (about -10.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2962	0.0100	pay 0.0050% / 4h	2h 10m	$8.0M	$8.1M	200x
Short	Deribit JUP_USDC-PERPETUAL	0.2960	−0.0358	pay 0.0045% / 1h	10m 38s	$56K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$96.15
Price spread: −0.081% → 0.000%: −$8.1
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$111.25
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 7 min ago; Deribit: no order-book sample. 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 MEXC live order book, 7 min ago	1.68 bp	6.1 bp −$6	16.7 bp −$167	108.1 bp −$10.8K	242.1 bp −$121.1K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.5000%	1h	0.2934	−0.945%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0892% / S +0.0333%	1h	0.2960	−0.055%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0358%	1h	0.2960	−0.081%	$56K	$14K	10x
Bybit JUPUSDT	−0.0129%	4h	0.2958	−0.135%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0010%	4h	0.2958	−0.135%	$736K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2977	+0.490%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2961	−0.045%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0008%	1h	0.2961	−0.030%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2960	−0.071%	$600K	$624K	20x	as long as short
dYdX JUP-USD	+0.0024%	1h	0.2961	−0.042%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	−0.157%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2961	−0.022%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.084%	$837K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2960	−0.051%	$597K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2966	+0.132%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	+0.025%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	−0.012%	$282K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	−0.021%	$16.4M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	0.000%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2962	long leg	$8.0M	$8.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	0.000%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	−0.068%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2961	−0.034%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2960	−0.068%	$980K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	+0.316%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.034%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2972	+0.338%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.098%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2960	−0.068%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.371%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2965	+0.101%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.152%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	−0.211%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0118%	4h	0.2956	−0.203%	$856K	$332K	50x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2960	−0.063%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.928%	$74K	$95K	50x	as long as short