JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0501%/8h= +54.9% APRnext payment +$2.51 per $10,000 · paid last 24h +0.004%

Price spread now: Phemex against HTX+0.238%7-day average +0.377% · you sell dearer than you buy

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$269as in the Price arb table

costs, in and out, $10k−$2552.554% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 3 days (all we have)+0.115%+$11 · spread now +0.238%, 7d avg +0.377%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.139% cheaper against HTX than usual: you would sell low and buy high (spread +0.238% now, against its 7-day average of +0.377%). If the spread goes back, that is −$14 on $10k: about 22 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.025% in total) that is about 39 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.51 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	HTX JUP-USDT	0.2943	0.0100	pay 0.0050% / 4h	2h 54m	$111K	$55K	20x
Short	Phemex JUPUSDT	0.2950	0.0601	get 0.0301% / 4h	2h 54m	$2.9M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against HTX. 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 HTXbpFee PhemexbpOrdersPrice spread, now +0.238%Rate

Funding earned: $105.25
Price spread: +0.238% → +0.377%: −$13.91
Slippage, 4 orders: −$231.39
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$164.05
Costs to cover: 2.554%
Break-even: 17.9 days

Slippage from HTX: live order book, 11 min ago; Phemex: live order book, 4 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 HTX live order book, 11 min ago	11.66 bp	101.6 bp −$102	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.36 bp	22.8 bp −$23	80.7 bp −$807	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	−0.4347%	1h	0.2943	0.000%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0442%	1h	0.2945	+0.061%	$976K	$234K	10x	as long as short
Pacifica JUP	−0.0353%	1h	0.2946	+0.102%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2946	+0.101%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0184%	1h	0.2944	+0.048%	$26K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0084%	4h	0.2937	−0.204%	$4.0M	$15.0M	50x	as long as short
Bybit JUPUSDT	−0.0058%	4h	0.2935	−0.272%	$15.9M	$20.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0055%	1h	0.2945	+0.078%	$54K	$16K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2947	+0.129%	$592K	$523K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2949	+0.218%	$39K	$31K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	+0.148%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2942	−0.032%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0081%	8h	0.2947	+0.140%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	+0.163%	$780K	$1.3M	10x	as long as short
Gate JUP_USDT	+0.0098%	4h	0.2939	−0.136%	$727K	$1.5M	75x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	+0.102%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2943	−0.017%	$605K	$633K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2948	+0.156%	$18.9M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	0.000%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2943	−0.016%	$16.2M	$47.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2971	+0.951%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2945	+0.068%	$7.5M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2945	+0.068%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2939	−0.136%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2937	−0.204%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2938	−0.168%	$713K	$768K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+0.564%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2964	+0.714%	$158K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.228%	$93K	$111K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2943	long leg	$111K	$55K	20x
Extended JUP-USD	+0.0104%	1h	0.2943	+0.010%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2940	−0.102%	$40K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.2982	+1.308%	$98K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2962	+0.639%	$74K	$58K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2947	+0.136%	$847K	$377K	50x	as long as short
Phemex JUPUSDTshort	+0.0601%	4h	0.2950	+0.238%	$2.9M	$3.6M	50x