JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0602%/8h= −66.0% APRnext payment −$0.75 per $10,000 · paid last 24h −0.090%

Price spread now: GMX against Backpack+0.013%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JUP_USDC_PERP	0.2950	−0.0016	get 0.0002% / 1h	34m 03s	$975K	$187K	10x
Short	GMX JUP/USD [WBTC.b-USDC]	0.2951	L −0.0275% / S +0.0618%	pay 0.0077% / 1h	34m 03s	$16K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$126.49
Price spread: +0.013% → 0.000%: $1.32
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$147.17
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 20 min ago; GMX: 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 Backpack live order book, 20 min ago	1.35 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.2918	−1.102%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]short	L −0.0275% / S +0.0618%	1h	0.2951	+0.013%	$16K	—	100x
Pacifica JUP	−0.0183%	1h	0.2954	+0.113%	$281K	$146K	10x	as long as short
Backpack JUP_USDC_PERPlong	−0.0016%	1h	0.2950	long leg	$975K	$187K	10x
dYdX JUP-USD	0.0000%	1h	0.2954	+0.134%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2950	0.000%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.038%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.016%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2953	+0.088%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2953	+0.082%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2952	+0.059%	$597K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.078%	$18.5M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2954	+0.122%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	−0.017%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2948	−0.075%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2950	−0.017%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2952	+0.051%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2950	−0.017%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	+0.051%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	+0.085%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	+0.085%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	+0.016%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.017%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.153%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.136%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	+0.017%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	−0.254%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	+0.119%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.284%	$62K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.070%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2954	+0.132%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2952	+0.046%	$590K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2954	+0.105%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2949	−0.046%	$2.2M	$498K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.346%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	+0.186%	$832K	$375K	50x	as long as short