JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.113%

Price spread now: Deribit against Kraken Futures+0.024%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.888%−$89 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.024% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.888% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2964	0.0009	pay 0.0001% / 1h	35m 15s	$601K	$623K	20x
Short	Deribit JUP_USDC-PERPETUAL	0.2965	−0.0053	pay 0.0007% / 1h	35m 15s	$56K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$13.03
Price spread: +0.024% → 0.000%: $2.36
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$27.67
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 52 min ago; Deribit: 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 Kraken Futures live order book, 52 min ago	6.68 bp	18.4 bp −$18	103.1 bp −$1,031	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 PERP	−0.5000%	1h	0.2930	−1.160%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0799% / S +0.0274%	1h	0.2964	+0.002%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0270%	4h	0.2962	−0.081%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0053%	1h	0.2965	+0.024%	$56K	$14K	10x
Gate JUP_USDT	0.0000%	4h	0.2962	−0.081%	$739K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2963	−0.054%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2964	−0.007%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSDlong	+0.0009%	1h	0.2964	long leg	$601K	$623K	20x
dYdX JUP-USD	+0.0044%	1h	0.2963	−0.063%	$39K	$36K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	−0.059%	—	—	20x	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	+0.0072%	1h	0.2966	+0.064%	$26K	$19K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0085%	1h	0.2965	+0.037%	$983K	$267K	10x	as long as short
Variational Omni JUP	+0.0090%	4h	0.2959	−0.169%	$724K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0091%	8h	0.2962	−0.076%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2967	+0.084%	$885K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2965	+0.020%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2960	−0.148%	$597K	$667K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2968	+0.111%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	−0.041%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	−0.076%	$282K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2964	−0.013%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2963	−0.047%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2964	−0.013%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2965	+0.020%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2964	−0.013%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	−0.081%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	+0.061%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2965	+0.020%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.094%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2955	−0.317%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.121%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.037%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	−0.081%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0156%	4h	0.2959	−0.182%	$859K	$328K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.786%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2961	−0.101%	$2.2M	$539K	25x	as long as short