JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0193%/8h= +21.1% APRnext payment +$0.96 per $10,000 · paid last 24h +0.004%

Price spread now: Phemex against Binance+0.097%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$620.615% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.097%, 7d avg +0.159%

Together, before fees+0.139%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.061% cheaper against Binance than usual: you would sell low and buy high (spread +0.097% now, against its 7-day average of +0.159%). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.085% in total) that is about 5.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 per $10,000. 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	Binance JUPUSDT	0.2952	0.0100	pay 0.0050% / 4h	2h 31m	$16.3M	$46.8M	75x
Short	Phemex JUPUSDT	0.2955	0.0293	get 0.0146% / 4h	2h 31m	$2.9M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.097%Rate

Funding earned: $40.49
Price spread: +0.097% → +0.159%: −$6.11
Slippage, 4 orders: −$39.52
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$27.14
Costs to cover: 0.615%
Break-even: 11.7 days

Slippage from Binance: live order book, 10 min ago; Phemex: live order book, 2 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 Binance live order book, 10 min ago	1.70 bp	12.4 bp −$12	33.7 bp −$337	318.1 bp −$31.8K	doesn't fit
Sell Phemex live order book, 2 min ago	3.39 bp	18.3 bp −$18	doesn't fit	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	0.2901	−1.732%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2952	−0.004%	$281K	$149K	10x	as long as short
Bybit JUPUSDT	−0.0279%	4h	0.2949	−0.096%	$15.8M	$20.3M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2951	−0.039%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0073%	4h	0.2952	−0.004%	$4.0M	$14.5M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2952	−0.001%	$591K	$526K	20x	as long as short
Gate JUP_USDT	−0.0016%	4h	0.2949	−0.106%	$728K	$1.5M	75x	as long as short
Variational Omni JUP	−0.0015%	4h	0.2943	−0.324%	$718K	$766K	—	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2951	−0.037%	—	—	150x	as long as short
dYdX JUP-USD	+0.0019%	1h	0.2951	−0.054%	$39K	$29K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit JUP_USDC-PERPETUAL	+0.0055%	1h	0.2952	+0.006%	$54K	$16K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.036%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2954	+0.070%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0088%	8h	0.2952	0.000%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2953	+0.036%	$780K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	−0.004%	$31K	$43K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	+0.009%	$18.8M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2951	−0.035%	$114K	$323K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2952	long leg	$16.3M	$46.8M	75x
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.542%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2951	−0.038%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	−0.004%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2952	−0.004%	$5.7M	$6.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2950	−0.072%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2951	−0.038%	$977K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.076%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.140%	$157K	$302K	50x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.021%	$600K	$604K	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.097%	$93K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.174%	$111K	$55K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	−0.106%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2937	−0.529%	$97K	$402K	10x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2951	−0.048%	$2.2M	$486K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2953	+0.013%	$74K	$52K	50x	as long as short
Phemex JUPUSDTshort	+0.0293%	4h	0.2955	+0.097%	$2.9M	$3.6M	50x