JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.4905%/8h= +537.1% APRnext payment +$6.13 per $10,000 · paid last 24h +0.742%

Price spread now: Phoenix against Injective+1.330%7-day average +2.147% · you sell dearer than you buy

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

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+2.583%+$258 on $10k

Price spread, last 4 days (all we have)−0.195%−$20 · spread now +1.330%, 7d avg +2.147%

Together, before fees+2.388%+$239 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.818% cheaper against Injective than usual: you would sell low and buy high (spread +1.330% now, against its 7-day average of +2.147%). If the spread goes back, that is −$82 on $10k: about 13 hours of funding at the current rate (+$147 a day). At the pace of the last 7 days (+2.583% in total) that is about 2.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.583% in total (about 134.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.13 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	0.2910	−0.4661	get 0.0583% / 1h	54m 23s	$3K	$206K	5.5x
Short	Phoenix JUP	0.2949	0.0244	get 0.0031% / 1h	54m 23s	$98K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +1.330%Rate

Funding earned: $1,030.09
Price spread: +1.330% → +2.147%: −$81.76
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $941.31
Costs to cover: 0.070%
Break-even: 0.6 days

Slippage unknown: Injective: live order book, 4 min ago; Phoenix: live order book, 2 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, 4 min ago	101.69 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 2 min ago	2.53 bp	14.4 bp −$14	29.6 bp −$296	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	−0.4661%	1h	0.2910	long leg	$3K	$206K	5.5x
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	+1.422%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2958	+1.641%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	+1.746%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+1.470%	—	—	150x	as long as short
dYdX JUP-USD	+0.0003%	1h	0.2960	+1.735%	$39K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	+1.410%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2961	+1.740%	$592K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2961	+1.749%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2954	+1.495%	$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	0.2954	+1.512%	$596K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2956	+1.589%	$18.8M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2959	+1.698%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2951	+1.409%	$16.2M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2950	+1.378%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2949	+1.340%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+1.615%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2955	+1.546%	$734K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	+1.478%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	+1.512%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	+1.512%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	+1.546%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2962	+1.777%	$982K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	+1.719%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+1.562%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	+1.203%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+1.557%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	+1.409%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	+1.443%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+1.856%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	+1.393%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2955	+1.533%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2964	+1.869%	$75K	$50K	50x	as long as short
Phoenix JUPshort	+0.0244%	1h	0.2949	+1.330%	$98K	$304K	10x
BloFin JUP-USDT	+0.0340%	4h	0.2961	+1.753%	$848K	$385K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2953	+1.471%	$2.2M	$502K	25x	as long as short