JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.4725%/8h= −517.4% APRnext payment −$5.91 per $10,000 · paid last 24h −0.638%

Price spread now: Injective against GMX−1.424%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$142 a day on $10k at the current rate, and Injective is 1.424% cheaper against GMX than usual: you would sell low and buy high (−$142 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JUP/USD [WBTC.b-USDC]	0.2960	L −0.0275% / S +0.0618%	get 0.0034% / 1h	13m 08s	$16K	—	100x
Short	Injective JUP/USDC PERP	0.2918	−0.5000	pay 0.0625% / 1h	13m 08s	$3K	$206K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GMX. 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 GMXbpFee InjectivebpOrdersPrice spread, now −1.424%Rate

Funding earned: −$992.34
Price spread: −1.424% → 0.000%: −$142.36
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,146.72
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Injective: live order book, 41 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 GMX no order-book sample	—	—	—	—	—
Sell Injective live order book, 41 min ago	79.84 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

GMX: 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	0.2918	−1.424%	$3K	$206K	5.5x
GMX JUP/USD [WBTC.b-USDC]long	L −0.0275% / S +0.0618%	1h	0.2960	long leg	$16K	—	100x
Pacifica JUP	−0.0183%	1h	0.2956	−0.140%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2956	−0.124%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.009%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2959	−0.032%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.063%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0081%	1h	0.2959	−0.022%	$980K	$186K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2961	+0.039%	$781K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2958	−0.061%	$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	0.2958	−0.072%	$596K	$489K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.009%	$18.6M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2959	−0.051%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2959	−0.030%	$16.2M	$39.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2956	−0.140%	$16.0M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.072%	$4.1M	$11.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2952	−0.275%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2957	−0.106%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.039%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	−0.005%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	−0.005%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	−0.072%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	−0.005%	$722K	$624K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	−0.005%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2965	+0.164%	$163K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.120%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2959	−0.039%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.275%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.097%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.055%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2960	−0.001%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2961	+0.037%	$588K	$471K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2963	+0.093%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2958	−0.075%	$2.2M	$504K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2968	+0.259%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	−0.140%	$835K	$379K	50x	as long as short