JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0384%/8h= +42.0% APRnext payment +$0.48 per $10,000 · paid last 24h +0.009%

Price spread now: Extended against Kraken Futures−0.092%7-day average −0.179% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 3 days (all we have)−0.236%−$24 · spread now −0.092%, 7d avg −0.179%

Together, before fees−0.161%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Extended is 0.087% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.179%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 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	Kraken Futures PF_JUPUSD	0.2954	−0.0176	get 0.0022% / 1h	12m 04s	$598K	$616K	20x
Short	Extended JUP-USD	0.2952	0.0208	get 0.0026% / 1h	12m 04s	$2.2M	$504K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.092%Rate

Funding earned: $80.64
Price spread: −0.092% → −0.179%: $8.65
Slippage, 4 orders: −$52.63
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $21.66
Costs to cover: 0.676%
Break-even: 5.1 days

Slippage from Kraken Futures: live order book, 6 min ago; Extended: live order book, 2 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 Kraken Futures live order book, 6 min ago	11.84 bp	25.6 bp −$26	100.5 bp −$1,005	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	5.06 bp	10.4 bp −$10	doesn't fit	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	−0.3508%	1h	0.2911	−1.468%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2955	+0.007%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2954	−0.006%	$281K	$171K	10x	as long as short
Kraken Futures PF_JUPUSDlong	−0.0176%	1h	0.2954	long leg	$598K	$616K	20x
01 Exchange JUPUSD	0.0000%	1h	0.2954	+0.004%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2955	+0.038%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	+0.038%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0010%	4h	0.2953	−0.047%	$745K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	−0.026%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0071%	4h	0.2949	−0.189%	$16.1M	$23.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0076%	8h	0.2953	−0.047%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2956	+0.048%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2956	+0.047%	$611K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	+0.109%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	+0.077%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.080%	$16.3M	$54.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	−0.080%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.157%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	−0.047%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2957	+0.089%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	−0.047%	$5.6M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.047%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	−0.033%	$977K	$254K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2952	−0.093%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.089%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.055%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2959	+0.143%	$93K	$131K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2955	+0.021%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.283%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.123%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	−0.079%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0129%	1h	0.2957	+0.077%	$39K	$35K	5x	as long as short
BloFin JUP-USDT	+0.0148%	4h	0.2954	−0.013%	$844K	$327K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.184%	$95K	$441K	10x	as long as short
Extended JUP-USDshort	+0.0208%	1h	0.2952	−0.092%	$2.2M	$504K	25x
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2957	+0.102%	$74K	$94K	50x	as long as short