Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.032%
Price spread now: Coinbase International against Phoenix+0.082%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.082% dearer against Phoenix than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JUP | 0.2938 | 0.0244 | pay 0.0031% / 1h | 8m 06s | $98K | $285K | 10x |
| Short | Coinbase International JUP-PERP-INTX | 0.2940 | 0.0304 | get 0.0038% / 1h | 8m 06s | $74K | $48K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.6
- Price spread: +0.082% → 0.000%
- $8.17
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $3.76
- Costs to cover
- 0.170%
- Break-even
- 4.9 days
Slippage unknown: Phoenix: live order book, 33 min ago; Coinbase International: 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 Phoenix live order book, 33 min ago | 2.56 bp | 14.2 bp −$14 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 | 0.2906 | −1.093% | $3K | $206K | 5.5x | as long as short |
| GMX JUP/USD [WBTC.b-USDC] | L −0.0275% / S +0.0618% | 1h | 0.2935 | −0.094% | $16K | — | 100x | as long as short |
| Pacifica JUP | −0.0041% | 1h | 0.2935 | −0.112% | $280K | $138K | 10x | as long as short |
| gTrade (Gains Network) JUP/USD | L +0.0001% / S −0.0001% | 1h | 0.2935 | −0.097% | — | — | 150x | as long as short |
| Deribit JUP_USDC-PERPETUAL | +0.0023% | 1h | 0.2936 | −0.065% | $53K | $17K | 10x | as long as short |
| dYdX JUP-USD | +0.0035% | 1h | 0.2935 | −0.091% | $39K | $16K | 5x | as long as short |
| Reya JUPRUSDPERP | +0.0057% | 1h | 0.2935 | −0.105% | — | — | 20x | as long as short |
| Lighter JUP | +0.0096% | 1h | 0.2938 | −0.014% | $760K | $1.0M | 10x | as long as short |
| Paradex JUP-USD-PERP | +0.0100% | 8h | 0.2934 | −0.127% | $9K | $11K | 10x | as long as short |
| Nado JUP-PERP | +0.0100% | 1h | 0.2935 | −0.114% | $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 | 0.2937 | −0.048% | $18.1M | $8.9M | 10x | as long as short |
| Aster JUPUSDT | +0.0100% | 4h | 0.2935 | −0.093% | $106K | $280K | 10x | as long as short |
| Binance JUPUSDT | +0.0100% | 4h | 0.2935 | −0.106% | $16.1M | $39.0M | 75x | as long as short |
| Bybit JUPUSDT | +0.0100% | 4h | 0.2933 | −0.174% | $15.9M | $17.4M | 50x | as long as short |
| OKX JUP-USDT-SWAP | +0.0100% | 4h | 0.2935 | −0.106% | $4.1M | $10.4M | 50x | as long as short |
| Gate JUP_USDT | +0.0100% | 4h | 0.2936 | −0.071% | $701K | $1.4M | 75x | as long as short |
| MEXC JUP_USDT | +0.0100% | 4h | 0.2935 | −0.106% | $6.7M | $5.7M | 200x | as long as short |
| KuCoin JUPUSDTM | +0.0100% | 4h | 0.2936 | −0.071% | $4.0M | $6.6M | 50x | as long as short |
| Bitget JUPUSDT | +0.0100% | 4h | 0.2936 | −0.071% | $5.8M | $5.0M | 75x | as long as short |
| BingX JUP-USDT | +0.0100% | 4h | 0.2935 | −0.106% | — | $20.5M | — | as long as short |
| Backpack JUP_USDC_PERP | +0.0100% | 1h | 0.2935 | −0.092% | $971K | $227K | 10x | as long as short |
| Variational Omni JUP | +0.0100% | 4h | 0.2931 | −0.243% | $710K | $531K | — | as long as short |
| GRVT JUP_USDT_Perp | +0.0100% | 4h | 0.2936 | −0.067% | $1.6M | $4.1M | 10x | as long as short |
| ApeX Omni JUPUSDT | +0.0100% | 1h | 0.2934 | −0.140% | $162K | $254K | 50x | as long as short |
| Polymarket Perps JUP-USD | +0.0100% | 1h | 0.2936 | −0.058% | $92K | $105K | 10x | as long as short |
| Orderly PERP_JUP_USDC | +0.0100% | 4h | 0.2936 | −0.071% | $33K | $29K | 10x | as long as short |
| HTX JUP-USDT | +0.0100% | 4h | 0.2929 | −0.310% | $110K | $43K | 20x | as long as short |
| Bulk JUP-USD | +0.0100% | 1h | 0.2934 | −0.123% | $61K | $2K | 10x | as long as short |
| Aevo JUP-PERP | +0.0104% | 1h | 0.2934 | −0.128% | $40K | — | 3x | as long as short |
| 01 Exchange JUPUSD | +0.0208% | 1h | 0.2936 | −0.068% | $26K | $6K | 5x | as long as short |
| Phoenix JUPlong | +0.0244% | 1h | 0.2938 | long leg | $98K | $285K | 10x | |
| Coinbase International JUP-PERP-INTXshort | +0.0304% | 1h | 0.2940 | +0.082% | $74K | $48K | 50x | |
| Extended JUP-USD | +0.0320% | 1h | 0.2935 | −0.116% | $2.2M | $572K | 25x | as long as short |
| BloFin JUP-USDT | +0.0340% | 4h | 0.2938 | −0.003% | $823K | $374K | 50x | as long as short |
| Kraken Futures PF_JUPUSD | +0.0375% | 1h | 0.2937 | −0.032% | $579K | $418K | 20x | as long as short |
| Phemex JUPUSDT | +0.0497% | 4h | 0.2940 | +0.065% | $2.9M | $3.0M | 50x | as long as short |
Phoenix JUP
Coinbase International JUP-PERP-INTX
Injective JUP/USDC PERP
GMX JUP/USD [WBTC.b-USDC]
Pacifica JUP
gTrade (Gains Network) JUP/USD
Deribit JUP_USDC-PERPETUAL
Lighter JUP
Paradex JUP-USD-PERP
Hyperliquid JUP
Aster JUPUSDT
Binance JUPUSDT
Bybit JUPUSDT
OKX JUP-USDT-SWAP
Gate JUP_USDT
MEXC JUP_USDT
KuCoin JUPUSDTM
Bitget JUPUSDT
BingX JUP-USDT
Backpack JUP_USDC_PERP
Variational Omni JUP
GRVT JUP_USDT_Perp
ApeX Omni JUPUSDT
Polymarket Perps JUP-USD
HTX JUP-USDT
Bulk JUP-USD
01 Exchange JUPUSD
Extended JUP-USD
BloFin JUP-USDT
Kraken Futures PF_JUPUSD
Phemex JUPUSDT