JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h +0.009%

Price spread now: BloFin against Phemex−0.102%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.276%+$28 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.102%, 7d avg −0.165%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.063% dearer against Phemex than usual: you sell high and buy low (spread −0.102% now, against its 7-day average of −0.165%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.276%, 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	Phemex JUPUSDT	0.2930	0.0426	pay 0.0213% / 4h	44m 51s	$2.9M	$3.0M	50x
Short	BloFin JUP-USDT	0.2927	0.0340	get 0.0170% / 4h	44m 51s	$821K	$372K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$18.05
Price spread: −0.102% → −0.165%: $6.25
Slippage, 4 orders: −$42
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$77.8
Costs to cover: 0.660%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; BloFin: live order book, 37 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 Phemex live order book, 4 min ago	1.71 bp	21.6 bp −$22	69.6 bp −$696	doesn't fit	doesn't fit
Sell BloFin live order book, 37 min ago	1.70 bp	11.4 bp −$11	24.6 bp −$246	78.8 bp −$7,876	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	−0.3836%	1h	0.2889	−1.399%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2927	−0.101%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2926	−0.134%	$279K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2927	−0.102%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2927	−0.096%	—	—	150x	as long as short
dYdX JUP-USD	+0.0039%	1h	0.2926	−0.122%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2926	−0.137%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2929	−0.044%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2926	−0.121%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2927	−0.102%	$572K	$490K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2929	−0.023%	$18.1M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2928	−0.068%	$99K	$296K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2927	−0.102%	$16.0M	$38.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2924	−0.205%	$15.9M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2927	−0.102%	$4.1M	$10.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2913	−0.563%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2927	−0.102%	$701K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2926	−0.137%	$6.7M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2927	−0.102%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2927	−0.102%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2927	−0.102%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2927	−0.096%	$968K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2927	−0.105%	$708K	$530K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2926	−0.136%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2921	−0.307%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2928	−0.055%	$93K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2928	−0.068%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2920	−0.341%	$110K	$42K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2925	−0.160%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2929	−0.048%	$26K	$6K	5x	as long as short
Extended JUP-USD	+0.0184%	1h	0.2926	−0.146%	$2.2M	$573K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2931	+0.031%	$74K	$49K	50x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2927	−0.102%	$821K	$372K	50x
Phoenix JUP	+0.0355%	1h	0.2929	−0.034%	$105K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0413%	1h	0.2928	−0.075%	$576K	$417K	20x	as long as short
Phemex JUPUSDTlong	+0.0426%	4h	0.2930	long leg	$2.9M	$3.0M	50x