JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h +0.005%

Price spread now: Phemex against BloFin0.000%59s7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$700.697% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.267%−$27 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now 0.000%, 7d avg +0.164%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.164% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.164%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JUP-USDT	0.2953	0.0340	pay 0.0170% / 4h	28m 00s	$835K	$385K	50x
Short	Phemex JUPUSDT	0.2953	0.0100	get 0.0050% / 4h	28m 00s	$2.9M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$50.4
Price spread: 0.000% → +0.164%: −$16.43
Slippage, 4 orders: −$45.67
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$136.5
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; Phemex: live order book, 6 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 BloFin live order book, 9 min ago	3.41 bp	13.7 bp −$14	26.1 bp −$261	116.8 bp −$11.7K	doesn't fit
Sell Phemex live order book, 6 min ago	5.08 bp	23.4 bp −$23	74.7 bp −$747	doesn't fit	doesn't fit

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	−0.4661%	1h	0.2907	−1.558%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2947	−0.213%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2947	−0.193%	$281K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2947	−0.200%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	−0.210%	—	—	150x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2948	−0.153%	$39K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2948	−0.160%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2949	−0.125%	$591K	$487K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2949	−0.129%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2948	−0.167%	$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	0.2948	−0.186%	$592K	$497K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2949	−0.149%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2948	−0.182%	$109K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2947	−0.213%	$16.2M	$41.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2945	−0.271%	$15.8M	$18.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2946	−0.237%	$4.0M	$11.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.576%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2947	−0.203%	$726K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	−0.237%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2947	−0.203%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	−0.237%	$5.8M	$5.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2947	−0.203%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2946	−0.237%	$976K	$238K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2941	−0.407%	$718K	$643K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2947	−0.203%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	−0.305%	$156K	$253K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2951	−0.081%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2947	−0.203%	$30K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2941	−0.406%	$110K	$47K	20x	as long as short
Phemex JUPUSDTshort	+0.0100%	4h	0.2953	0.000%	$2.9M	$3.2M	50x
Aevo JUP-PERP	+0.0104%	1h	0.2946	−0.247%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2951	−0.081%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.041%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2959	+0.186%	$97K	$304K	10x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2953	long leg	$835K	$385K	50x
Extended JUP-USD	+0.0480%	1h	0.2944	−0.304%	$2.2M	$502K	25x	as long as short