JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h +0.033%

Price spread now: Backpack against Deribit−0.065%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.289%+$29 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Backpack is 0.065% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.289%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2946	0.0158	pay 0.0020% / 1h	32m 25s	$54K	$16K	10x
Short	Backpack JUP_USDC_PERP	0.2944	0.0100	get 0.0013% / 1h	32m 25s	$976K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$12.08
Price spread: −0.065% → 0.000%: −$6.45
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$35.53
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 27 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 Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 27 min ago	1.35 bp	9.1 bp −$9	907.0 bp −$9,070	doesn't fit	doesn't fit

Deribit: 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	−0.4661%	1h	0.2901	−1.517%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2943	−0.093%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2952	+0.226%	$281K	$147K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2943	−0.081%	—	—	150x	as long as short
dYdX JUP-USD	+0.0017%	1h	0.2953	+0.263%	$39K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2955	+0.316%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2956	+0.346%	$782K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2945	−0.017%	$589K	$482K	20x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2953	+0.247%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2953	+0.256%	$594K	$497K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.448%	$18.8M	$9.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2949	+0.109%	$109K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	+0.331%	$16.3M	$41.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2952	+0.227%	$15.9M	$18.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	+0.350%	$4.0M	$11.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.329%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2953	+0.248%	$729K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	+0.248%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	+0.282%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	+0.350%	$5.8M	$5.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	+0.282%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERPshort	+0.0100%	1h	0.2944	−0.065%	$976K	$237K	10x
Variational Omni JUP	+0.0100%	4h	0.2927	−0.635%	$715K	$659K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	−0.254%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2938	−0.261%	$156K	$253K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2959	+0.448%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2943	−0.092%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2937	−0.295%	$110K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2945	−0.024%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2942	−0.143%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2958	+0.411%	$26K	$17K	5x	as long as short
Deribit JUP_USDC-PERPETUALlong	+0.0158%	1h	0.2946	long leg	$54K	$16K	10x
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2942	−0.143%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2942	−0.129%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2944	−0.058%	$837K	$383K	50x	as long as short
Extended JUP-USD	+0.0424%	1h	0.2952	+0.230%	$2.2M	$502K	25x	as long as short