JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.4981%/8h= −545.4% APRnext payment −$6.23 per $10,000 · paid last 24h −0.394%

Price spread now: Injective against Deribit+0.185%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.006%−$201 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.185% dearer against Deribit than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$149 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−2.006% in total) that is about 15 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.006% in total (about -111.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.23 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	Deribit JUP_USDC-PERPETUAL	0.2973	−0.0019	get 0.0002% / 1h	15m 20s	$56K	$14K	10x
Short	Injective JUP/USDC PERP	0.2978	−0.5000	pay 0.0625% / 1h	15m 20s	$3K	$206K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.185%Rate

Funding earned: −$1,046
Price spread: +0.185% → 0.000%: $18.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,034.51
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Injective: live order book, 8 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 Injective live order book, 8 min ago	70.66 bp	doesn't fit	doesn't fit	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 PERPshort	−0.5000%	1h	0.2978	+0.185%	$3K	$206K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0876% / S +0.0328%	1h	0.2973	+0.001%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0119%	4h	0.2968	−0.151%	$16.2M	$24.0M	50x	as long as short
Deribit JUP_USDC-PERPETUALlong	−0.0019%	1h	0.2973	long leg	$56K	$14K	10x
Phoenix JUP	0.0000%	1h	0.2979	+0.222%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2973	+0.005%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0002%	4h	0.2968	−0.151%	$739K	$2.0M	75x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2972	−0.010%	$603K	$624K	20x	as long as short
dYdX JUP-USD	+0.0027%	1h	0.2975	+0.079%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0048%	1h	0.2971	−0.061%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2970	−0.081%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2971	−0.056%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2974	+0.040%	$861K	$1.3M	10x	as long as short
BloFin JUP-USDT	+0.0100%	4h	0.2975	+0.084%	$859K	$334K	50x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2972	−0.017%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2970	−0.076%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2976	+0.120%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2975	+0.070%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2972	−0.026%	$283K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2971	−0.050%	$16.4M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2970	−0.084%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2971	−0.050%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2975	+0.084%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2971	−0.050%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2969	−0.118%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2974	+0.034%	$984K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	−0.038%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2979	+0.203%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2978	+0.185%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2979	+0.212%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.252%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.151%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.320%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2970	−0.091%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.572%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2970	−0.089%	$2.2M	$539K	25x	as long as short