Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.001%

Price spread now: MEXC against Paradex−0.057%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. MEXC is 0.057% cheaper against Paradex than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2955	0.0075	pay 0.0075% / 8h	1h 13m	$9K	$13K	10x
Short	MEXC JUP_USDT	0.2953	0.0100	get 0.0050% / 4h	1h 13m	$8.1M	$8.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Paradex. 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 ParadexbpFee MEXCbpOrdersPrice spread, now −0.057%Rate

Funding earned: $5.18
Price spread: −0.057% → 0.000%: −$5.65
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: −$4.48
Costs to cover: 0.040%
Break-even: 13.1 days

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 4 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	1.69 bp	6.5 bp −$7	16.3 bp −$163	88.1 bp −$8,812	231.2 bp −$115.6K

Paradex: 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	−0.3508%	1h	0.2911	−1.478%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2958	+0.111%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	+0.002%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2958	+0.123%	$599K	$616K	20x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2955	−0.002%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2959	+0.136%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2955	+0.009%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0008%	4h	0.2952	−0.090%	$745K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.129%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0067%	4h	0.2950	−0.155%	$16.1M	$23.2M	50x	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-PERPlong	+0.0075%	8h	0.2955	long leg	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.2955	+0.011%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2953	−0.065%	$610K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	+0.123%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	+0.050%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2953	−0.060%	$16.3M	$54.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2954	−0.023%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.147%	$57K	$3K	10x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2953	−0.057%	$8.1M	$8.1M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	+0.045%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	+0.045%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.057%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2958	+0.116%	$979K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2952	−0.103%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.079%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.045%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.092%	$93K	$131K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2958	+0.113%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.124%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2962	+0.248%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	+0.045%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0119%	4h	0.2959	+0.147%	$846K	$327K	50x	as long as short
dYdX JUP-USD	+0.0132%	1h	0.2957	+0.067%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.174%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2951	−0.136%	$2.2M	$503K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2962	+0.251%	$74K	$94K	50x	as long as short