Funding you earn now, next payment 02:00 UTC+0.5240%/8h= +573.8% APRnext payment +$6.55 per $10,000 · paid last 24h +0.768%
Price spread now: Coinbase International against Injective+1.037%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.713%+$271 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$157 a day on $10k at the current rate, and Coinbase International is 1.037% dearer against Injective than usual: you sell high and buy low: +$104 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.713% in total (about 141.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.55 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 | Injective JUP/USDC PERP | 0.2904 | −0.5000 | get 0.0625% / 1h | 44m 50s | $3K | $206K | 5.5x |
| Short | Coinbase International JUP-PERP-INTX | 0.2934 | 0.0240 | get 0.0030% / 1h | 44m 50s | $74K | $49K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1,100.4
- Price spread: +1.037% → 0.000%
- $103.65
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $1,194.03
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 19 min ago; Coinbase International: no order-book sample. 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 Injective live order book, 19 min ago | 78.26 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 PERPlong | −0.5000% | 1h | 0.2904 | long leg | $3K | $206K | 5.5x | |
| GMX JUP/USD [WBTC.b-USDC] | L −0.0340% / S +0.0664% | 1h | 0.2938 | +1.187% | $16K | — | 100x | as long as short |
| Pacifica JUP | −0.0224% | 1h | 0.2935 | +1.060% | $280K | $147K | 10x | as long as short |
| Backpack JUP_USDC_PERP | −0.0070% | 1h | 0.2941 | +1.260% | $976K | $231K | 10x | as long as short |
| Bybit JUPUSDT | −0.0036% | 4h | 0.2933 | +1.002% | $15.7M | $19.3M | 50x | as long as short |
| Deribit JUP_USDC-PERPETUAL | 0.0000% | 1h | 0.2939 | +1.209% | $54K | $16K | 10x | as long as short |
| gTrade (Gains Network) JUP/USD | L +0.0001% / S −0.0001% | 1h | 0.2938 | +1.179% | — | — | 150x | as long as short |
| OKX JUP-USDT-SWAP | +0.0016% | 4h | 0.2939 | +1.205% | $4.0M | $12.6M | 50x | as long as short |
| Reya JUPRUSDPERP | +0.0057% | 1h | 0.2939 | +1.205% | — | — | 20x | as long as short |
| dYdX JUP-USD | +0.0064% | 1h | 0.2940 | +1.256% | $38K | $27K | 5x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni JUP | +0.0076% | 4h | 0.2933 | +1.015% | $715K | $698K | — | as long as short |
| Paradex JUP-USD-PERP | +0.0096% | 8h | 0.2937 | +1.151% | $9K | $11K | 10x | as long as short |
| Lighter JUP | +0.0096% | 1h | 0.2941 | +1.281% | $778K | $1.1M | 10x | as long as short |
| Nado JUP-PERP | +0.0100% | 1h | 0.2939 | +1.197% | $594K | $509K | 10x | as long as short |
| Hyperliquid JUP | +0.0100% | 1h | 0.2941 | +1.278% | $18.7M | $10.1M | 10x | as long as short |
| Aster JUPUSDT | +0.0100% | 4h | 0.2940 | +1.253% | $113K | $299K | 10x | as long as short |
| Binance JUPUSDT | +0.0100% | 4h | 0.2938 | +1.187% | $16.2M | $43.5M | 75x | as long as short |
| Bulk JUP-USD | +0.0100% | 1h | 0.2939 | +1.193% | $61K | $8K | 10x | as long as short |
| Gate JUP_USDT | +0.0100% | 4h | 0.2938 | +1.171% | $729K | $1.4M | 75x | as long as short |
| MEXC JUP_USDT | +0.0100% | 4h | 0.2940 | +1.240% | $7.4M | $6.5M | 200x | as long as short |
| KuCoin JUPUSDTM | +0.0100% | 4h | 0.2939 | +1.205% | $4.0M | $6.7M | 50x | as long as short |
| Bitget JUPUSDT | +0.0100% | 4h | 0.2940 | +1.240% | $5.7M | $6.1M | 75x | as long as short |
| BingX JUP-USDT | +0.0100% | 4h | 0.2938 | +1.171% | — | $20.8M | — | as long as short |
| GRVT JUP_USDT_Perp | +0.0100% | 4h | 0.2934 | +1.034% | $1.6M | $3.7M | 10x | as long as short |
| ApeX Omni JUPUSDT | +0.0100% | 1h | 0.2936 | +1.102% | $156K | $275K | 50x | as long as short |
| Polymarket Perps JUP-USD | +0.0100% | 1h | 0.2943 | +1.350% | $93K | $107K | 10x | as long as short |
| Orderly PERP_JUP_USDC | +0.0100% | 4h | 0.2939 | +1.205% | $31K | $42K | 10x | as long as short |
| HTX JUP-USDT | +0.0100% | 4h | 0.2933 | +0.999% | $111K | $47K | 20x | as long as short |
| Phemex JUPUSDT | +0.0100% | 4h | 0.2941 | +1.274% | $2.9M | $3.4M | 50x | as long as short |
| Aevo JUP-PERP | +0.0104% | 1h | 0.2938 | +1.174% | $40K | — | 3x | as long as short |
| 01 Exchange JUPUSD | +0.0160% | 1h | 0.2942 | +1.305% | $26K | $19K | 5x | as long as short |
| Kraken Futures PF_JUPUSD | +0.0201% | 1h | 0.2940 | +1.223% | $587K | $496K | 20x | as long as short |
| Coinbase International JUP-PERP-INTXshort | +0.0240% | 1h | 0.2934 | +1.037% | $74K | $49K | 50x | |
| Phoenix JUP | +0.0244% | 1h | 0.2937 | +1.129% | $97K | $329K | 10x | as long as short |
| BloFin JUP-USDT | +0.0340% | 4h | 0.2936 | +1.102% | $840K | $370K | 50x | as long as short |
| Extended JUP-USD | +0.0360% | 1h | 0.2941 | +1.265% | $2.2M | $490K | 25x | as long as short |
Injective JUP/USDC PERP
Coinbase International JUP-PERP-INTX
GMX JUP/USD [WBTC.b-USDC]
Pacifica JUP
Backpack JUP_USDC_PERP
Bybit JUPUSDT
Deribit JUP_USDC-PERPETUAL
gTrade (Gains Network) JUP/USD
OKX JUP-USDT-SWAP
Variational Omni JUP
Paradex JUP-USD-PERP
Lighter JUP
Hyperliquid JUP
Aster JUPUSDT
Binance JUPUSDT
Bulk JUP-USD
Gate JUP_USDT
MEXC JUP_USDT
KuCoin JUPUSDTM
Bitget JUPUSDT
BingX JUP-USDT
GRVT JUP_USDT_Perp
ApeX Omni JUPUSDT
Polymarket Perps JUP-USD
HTX JUP-USDT
Phemex JUPUSDT
01 Exchange JUPUSD
Kraken Futures PF_JUPUSD
Phoenix JUP
BloFin JUP-USDT
Extended JUP-USD