JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.5009%/8h= +548.4% APRnext payment +$6.26 per $10,000 · paid last 24h +0.507%

Price spread now: Kraken Futures against Injective+0.910%63s7-day average +2.241% · you sell dearer than you buy

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

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.895%+$289 on $10k

Price spread, last 3 days (all we have)+0.358%+$36 · spread now +0.910%, 7d avg +2.241%

Together, before fees+3.252%+$325 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 1.331% cheaper against Injective than usual: you would sell low and buy high (spread +0.910% now, against its 7-day average of +2.241%). If the spread goes back, that is −$133 on $10k: about 21 hours of funding at the current rate (+$150 a day). At the pace of the last 7 days (+2.895% in total) that is about 3.2 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.895% in total (about 150.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.26 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	0.2934	−0.5000	get 0.0625% / 1h	43m 32s	$3K	$154K	5.5x
Short	Kraken Futures PF_JUPUSD	0.2961	0.0009	get 0.0001% / 1h	43m 32s	$601K	$624K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +0.910%Rate

Funding earned: $1,051.81
Price spread: +0.910% → +2.241%: −$133.08
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $908.71
Costs to cover: 0.100%
Break-even: 1.0 days

Slippage unknown: Injective: live order book, 45 min ago; Kraken Futures: live order book, 44 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 Injective live order book, 45 min ago	107.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 44 min ago	6.68 bp	22.3 bp −$22	79.5 bp −$795	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 PERPlong	−0.5000%	1h	0.2934	long leg	$3K	$154K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0738% / S +0.0255%	1h	0.2960	+0.890%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0357%	4h	0.2960	+0.900%	$16.2M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0046%	1h	0.2960	+0.876%	$981K	$270K	10x	as long as short
Gate JUP_USDT	−0.0026%	4h	0.2959	+0.852%	$738K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2964	+1.016%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.890%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2960	+0.875%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0009%	1h	0.2961	+0.910%	$601K	$624K	20x
dYdX JUP-USD	+0.0012%	1h	0.2961	+0.920%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0040%	1h	0.2967	+1.138%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2962	+0.951%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2963	+1.002%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+1.080%	$897K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0098%	4h	0.2958	+0.819%	$724K	$1.2M	—	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2960	+0.886%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2963	+0.988%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+1.070%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	+0.973%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2963	+0.974%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2964	+1.038%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2963	+0.988%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+1.046%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	+0.988%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.954%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	+0.988%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2963	+0.988%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	+0.920%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	+0.920%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2968	+1.166%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	+0.579%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+1.022%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	+0.784%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0113%	4h	0.2962	+0.954%	$867K	$330K	50x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2963	+0.986%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+1.830%	$74K	$95K	50x	as long as short