JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0231%/8h= −25.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.092%

Price spread now: Backpack against Extended−0.066%7-day average +0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.683%−$68 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.066%, 7d avg +0.107%

Together, before fees−0.565%+ Points / potential airdropExtended: Active · farm board−$57 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 Backpack is 0.173% cheaper against Extended than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.107%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2966	0.0256	pay 0.0032% / 1h	41m 54s	$2.2M	$539K	25x
Short	Backpack JUP_USDC_PERP	0.2964	0.0025	get 0.0003% / 1h	41m 54s	$983K	$268K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$48.45
Price spread: −0.066% → +0.107%: −$17.27
Slippage, 4 orders: −$27.41
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$108.13
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Backpack: live order book, 47 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 Extended live order book, 2 min ago	6.75 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 47 min ago	2.01 bp	8.8 bp −$9	doesn't fit	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	−0.5000%	1h	0.2929	−1.256%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0745% / S +0.0257%	1h	0.2966	−0.012%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0348%	4h	0.2966	−0.005%	$16.3M	$24.1M	50x	as long as short
Gate JUP_USDT	−0.0018%	4h	0.2967	+0.025%	$740K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2964	−0.083%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2966	−0.012%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2967	+0.017%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2966	−0.016%	$602K	$623K	20x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2965	−0.047%	$39K	$36K	5x	as long as short
Backpack JUP_USDC_PERPshort	+0.0025%	1h	0.2964	−0.066%	$983K	$268K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0047%	4h	0.2960	−0.211%	$866K	$330K	50x	as long as short
01 Exchange JUPUSD	+0.0048%	1h	0.2968	+0.045%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	−0.113%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2964	−0.065%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2968	+0.055%	$895K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0098%	4h	0.2958	−0.278%	$724K	$1.2M	—	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2966	−0.009%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	−0.127%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2967	+0.025%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2965	−0.043%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2965	−0.027%	$283K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2968	+0.058%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2967	+0.025%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.053%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2968	+0.059%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	+0.025%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	+0.025%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	+0.025%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.177%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	−0.177%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2969	+0.089%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.279%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.059%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2963	−0.127%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.723%	$74K	$95K	50x	as long as short
Extended JUP-USDlong	+0.0256%	1h	0.2966	long leg	$2.2M	$539K	25x