JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0357%/8h= −39.1% APRnext payment −$0.45 per $10,000 · paid last 24h −0.053%

Price spread now: Deribit against Phoenix−0.447%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Deribit is 0.447% cheaper against Phoenix than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix JUP	0.2977	0	get 0.0000% / 1h	13m 10s	$95K	$447K	10x
Short	Deribit JUP_USDC-PERPETUAL	0.2963	−0.0357	pay 0.0045% / 1h	13m 10s	$56K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. 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 PhoenixbpFee DeribitbpOrdersPrice spread, now −0.447%Rate

Funding earned: −$74.99
Price spread: −0.447% → 0.000%: −$44.68
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$133.67
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 9 min ago; Deribit: 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, 9 min ago	2.51 bp	14.3 bp −$14	29.0 bp −$290	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	0.2978	+0.050%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0884% / S +0.0331%	1h	0.2965	−0.397%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0357%	1h	0.2963	−0.447%	$56K	$14K	10x
Bybit JUPUSDT	−0.0136%	4h	0.2956	−0.689%	$16.2M	$24.1M	50x	as long as short
Gate JUP_USDT	0.0000%	4h	0.2957	−0.655%	$736K	$2.0M	75x	as long as short
Phoenix JUPlong	0.0000%	1h	0.2977	long leg	$95K	$447K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2966	−0.338%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2961	−0.519%	$600K	$624K	20x	as long as short
dYdX JUP-USD	+0.0026%	1h	0.2972	−0.157%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0032%	1h	0.2964	−0.403%	$26K	$19K	5x	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	0.2962	−0.475%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0092%	8h	0.2968	−0.285%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	−0.494%	$844K	$1.3M	10x	as long as short
BloFin JUP-USDT	+0.0098%	4h	0.2969	−0.252%	$858K	$333K	50x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.344%	$597K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2963	−0.464%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	−0.363%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2971	−0.197%	$283K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	−0.622%	$16.4M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	−0.655%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2960	−0.554%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	−0.521%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	−0.588%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	−0.622%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	−0.601%	$979K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	−0.172%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2979	+0.068%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2972	−0.151%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	−0.218%	$93K	$138K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2963	−0.454%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.420%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	−0.420%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.185%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.544%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2960	−0.546%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.437%	$74K	$95K	50x	as long as short