JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h −1.148%

Price spread now: Phoenix against dYdX−0.009%46s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 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: +$3 a day on $10k at the current rate. The two prices were read 46 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	dYdX JUP-USD	0.2972	0.0056	pay 0.0007% / 1h	10m 05s	$39K	$33K	5x
Short	Phoenix JUP	0.2971	0.0162	get 0.0020% / 1h	10m 05s	$97K	$479K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against dYdX. 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 dYdXbpFee PhoenixbpOrdersPrice spread, now −0.009%Rate

Funding earned: $22.22
Price spread: −0.009% → 0.000%: −$0.86
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $4.36
Costs to cover: 0.170%
Break-even: 5.6 days

Slippage unknown: dYdX: no order-book sample; Phoenix: live order book, 67 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 dYdX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 67 min ago	2.53 bp	14.4 bp −$14	29.6 bp −$296	doesn't fit	doesn't fit

dYdX: 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	−0.4371%	1h	0.2938	−1.129%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2974	+0.070%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2973	+0.064%	$599K	$591K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2971	−0.005%	$283K	$165K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0153%	1h	0.2973	+0.055%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0057%	4h	0.2971	−0.019%	$16.2M	$22.1M	50x	as long as short
01 Exchange JUPUSD	−0.0032%	1h	0.2974	+0.079%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2974	+0.099%	$17K	—	150x	as long as short
Variational Omni JUP	+0.0044%	4h	0.2964	−0.269%	$718K	$777K	—	as long as short
Gate JUP_USDT	+0.0046%	4h	0.2973	+0.049%	$741K	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USDlong	+0.0056%	1h	0.2972	long leg	$39K	$33K	5x
Reya JUPRUSDPERP	+0.0057%	1h	0.2971	−0.033%	—	—	20x	as long as short
OKX JUP-USDT-SWAP	+0.0058%	4h	0.2970	−0.052%	$4.0M	$16.2M	50x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.2973	+0.044%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2975	+0.109%	$795K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2973	+0.049%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2971	−0.010%	$615K	$647K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2978	+0.227%	$19.1M	$13.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2974	+0.084%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	+0.015%	$16.3M	$52.0M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2975	+0.120%	$62K	$10K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2972	+0.015%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2975	+0.116%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2972	+0.015%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2972	+0.015%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2974	+0.089%	$984K	$234K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2970	−0.052%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2967	−0.153%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.331%	$94K	$120K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2967	−0.153%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2976	+0.150%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2971	−0.019%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0131%	4h	0.2965	−0.221%	$635K	$303K	50x	as long as short
Extended JUP-USD	+0.0152%	1h	0.2970	−0.038%	$2.2M	$507K	25x	as long as short
Phoenix JUPshort	+0.0162%	1h	0.2971	−0.009%	$97K	$479K	10x
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.217%	$74K	$91K	50x	as long as short