JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h +0.015%

Price spread now: Phoenix against Nado−0.317%7-day average +0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 3 days (all we have)+0.541%+$54 · spread now −0.317%, 7d avg +0.138%

Together, before fees+0.598%+ Points / potential airdropNado: Active · farm board+$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.455% cheaper against Nado than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.138%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2965	0.0100	pay 0.0012% / 1h	54m 52s	$614K	$677K	10x
Short	Phoenix JUP	0.2956	0	get 0.0000% / 1h	54m 52s	$95K	$441K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Nado. 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 NadobpFee PhoenixbpOrdersPrice spread, now −0.317%Rate

Funding earned: −$21
Price spread: −0.317% → +0.138%: −$45.47
Slippage, 4 orders: −$32.34
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$112.81
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Nado: live order book, 28 min ago; Phoenix: live order book, 27 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 Nado live order book, 28 min ago	1.34 bp	9.5 bp −$10	37.2 bp −$372	doesn't fit	doesn't fit
Sell Phoenix live order book, 27 min ago	2.51 bp	14.3 bp −$14	29.8 bp −$298	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	0.2922	−1.467%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0970% / S +0.0358%	1h	0.2967	+0.056%	$13K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2964	−0.038%	$282K	$177K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2968	+0.068%	$602K	$623K	20x	as long as short
01 Exchange JUPUSD	−0.0144%	1h	0.2970	+0.152%	$26K	$19K	5x	as long as short
Bybit JUPUSDT	−0.0103%	4h	0.2965	−0.024%	$16.2M	$23.9M	50x	as long as short
Gate JUP_USDT	−0.0036%	4h	0.2965	−0.017%	$737K	$1.9M	75x	as long as short
Phoenix JUPshort	0.0000%	1h	0.2956	−0.317%	$95K	$441K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2968	+0.084%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2967	+0.052%	$17K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2966	+0.027%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0069%	8h	0.2965	−0.033%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0074%	4h	0.2956	−0.312%	$721K	$1.1M	—	as long as short
Lighter JUP	+0.0096%	1h	0.2968	+0.098%	$815K	$1.3M	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2965	long leg	$614K	$677K	10x
Hyperliquid JUP	+0.0100%	1h	0.2971	+0.172%	$19.0M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	+0.018%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2966	+0.030%	$16.4M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2967	+0.051%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	+0.051%	$8.0M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2968	+0.084%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2966	+0.017%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2965	−0.017%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2968	+0.081%	$982K	$263K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	−0.427%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2951	−0.489%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2971	+0.196%	$94K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2968	+0.084%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.185%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2969	+0.118%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.388%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2965	−0.008%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2965	0.000%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0107%	4h	0.2968	+0.084%	$854K	$333K	50x	as long as short
dYdX JUP-USD	+0.0142%	1h	0.2968	+0.074%	$39K	$35K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+0.809%	$74K	$94K	50x	as long as short