JUP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexJUPUSDT	0.2803	+0.0100	pay 0.0050% / 4h	3h 58m	$2.7M	$877K	50x	Long Phemex
SHORT	TxFlowJUP-USDC	0.2792	−0.0226	pay 0.0028% / 1h	58m 30s	$226K	$89K	50x	Short TxFlow5% off

Price gap−0.392%

Funding gap−0.0326% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.160% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$53−0.0326% /8h now · paid −0.532% over the last 7D

Price−$16spread −0.392% now, avg −0.232% → −0.160% if it goes back

Costs−$610.615% of $10k · taker + slippage, in and out

Result−$131−1.31%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.392%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

JUP on 35 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

Watch: Thin at this size18.2 / 6.3 bp
At $10k entering Phemex costs 18.2 bp, fee and slippage, 2.9× TxFlow’s.
Note: Margin at max leverage$200 + $200
Phemex 50x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$9.78Long Phemex: 6 payments, −$3.00; short TxFlow: 24 payments, −$6.78.
Watch: Gap narrower than usual−0.392% vs −0.232%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$226K vs $2.7M OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
Watch: KYCPhemex Yes · TxFlow No
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0253%/8h × 21 periods−$53.21

Price spread−0.392% → −0.232% (7d avg)−$16.04

Slippage, 4 orderslive order books−$40.45

Fee Phemex bp × 2 orders−$12.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$130.70

Costs to cover0.615%Break-evennever at this rate

Slippage: Phemex: live order book, 4 min ago; TxFlow: live order book, 56 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex1.7818.2 bp−$1876.6 bp−$766doesn’t fitdoesn’t fit

SELL · SHORTTxFlow1.806.3 bp−$618.7 bp−$187182.6 bp−$18.3Kdoesn’t fit

Closing costs about the same again.

JUP news

posts that mention JUP, from every exchangeSearch all news →

10-20 14:12	Jupiter Perps	Product	Q3 ASR now LIVE for all wallets. Claim & Stake your JUP rewards. @JupiterExchange on X ↗
10-13 09:03	Jupiter Perps	Product	ASR for Q3 is LIVE - July to September - 50 million $JUP - Distributed by time weighted stake Claim & add to your staked balance. @JupiterExchange on X ↗
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09-25 14:48	Phoenix	Contest	$SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗
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JUP