JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.011%

Price spread now: Phoenix against ApeX Omni−0.030%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$640.645% of the position

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.934%+$93 · spread now −0.030%, 7d avg +0.069%

Together, before fees+0.975%+$97 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.099% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.069%). If the spread goes back, that is −$10 on $10k: about 3.8 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.041% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2955	0.0100	pay 0.0013% / 1h	8m 42s	$157K	$285K	50x
Short	Phoenix JUP	0.2954	0.0188	get 0.0023% / 1h	8m 42s	$97K	$402K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX Omni. 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 ApeX OmnibpFee PhoenixbpOrdersPrice spread, now −0.030%Rate

Funding earned: $18.44
Price spread: −0.030% → +0.069%: −$9.94
Slippage, 4 orders: −$47.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$55.95
Costs to cover: 0.645%
Break-even: 28.2 days

Slippage from ApeX Omni: live order book, 59 min ago; Phoenix: live order book, 58 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 ApeX Omni live order book, 59 min ago	9.98 bp	17.6 bp −$18	105.4 bp −$1,054	doesn't fit	doesn't fit
Sell Phoenix live order book, 58 min ago	2.49 bp	14.3 bp −$14	29.3 bp −$293	doesn't fit	doesn't fit

JUP on 35 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	−0.4347%	1h	0.2917	−1.286%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2949	−0.219%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2949	−0.205%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0131%	4h	0.2947	−0.271%	$15.8M	$19.6M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0055%	1h	0.2949	−0.203%	$54K	$16K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2951	−0.152%	$589K	$506K	20x	as long as short
OKX JUP-USDT-SWAP	−0.0013%	4h	0.2949	−0.203%	$4.0M	$13.1M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2950	−0.177%	—	—	150x	as long as short
Variational Omni JUP	+0.0026%	4h	0.2953	−0.068%	$721K	$750K	—	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2948	−0.237%	$736K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2947	−0.279%	—	—	20x	as long as short
dYdX JUP-USD	+0.0068%	1h	0.2949	−0.189%	$39K	$28K	5x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2948	−0.229%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2952	−0.091%	$780K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2946	−0.305%	$596K	$528K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	−0.112%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2950	−0.165%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	−0.237%	$16.2M	$44.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2956	+0.034%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	−0.237%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	−0.169%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	−0.203%	$5.7M	$6.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2949	−0.203%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2949	−0.200%	$976K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+0.169%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2955	long leg	$157K	$285K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	−0.173%	$93K	$109K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2949	−0.203%	$31K	$43K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2941	−0.474%	$111K	$48K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	−0.034%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.254%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2948	−0.244%	$26K	$19K	5x	as long as short
Phoenix JUPshort	+0.0188%	1h	0.2954	−0.030%	$97K	$402K	10x
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	−0.044%	$74K	$51K	50x	as long as short
Extended JUP-USD	+0.0456%	1h	0.2948	−0.236%	$2.2M	$488K	25x	as long as short