JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0788%/8h= −86.2% APRnext payment −$0.98 per $10,000 · paid last 24h −0.093%

Price spread now: GMX against Phoenix−0.222%55s7-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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 −$24 a day on $10k at the current rate, and GMX is 0.222% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	0.3016	0.0214	pay 0.0027% / 1h	19m 28s	$98K	$469K	10x
Short	GMX JUP/USD [WBTC.b-USDC]	0.3009	L −0.0210% / S +0.0573%	pay 0.0072% / 1h	19m 28s	$17K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.222%Rate

Funding earned: −$165.39
Price spread: −0.222% → 0.000%: −$22.22
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$206.6
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 53 min ago; GMX: 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, 53 min ago	2.52 bp	14.4 bp −$14	28.7 bp −$287	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.4634%	1h	0.2976	−1.316%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3009	−0.209%	$287K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]short	L −0.0210% / S +0.0573%	1h	0.3009	−0.222%	$17K	—	100x
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3010	−0.182%	$606K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0082%	1h	0.3010	−0.202%	$55K	$16K	10x	as long as short
01 Exchange JUPUSD	−0.0064%	1h	0.3012	−0.133%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0017%	4h	0.3007	−0.288%	$4.1M	$15.7M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3011	−0.145%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0037%	1h	0.3010	−0.176%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3009	−0.229%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0076%	8h	0.3009	−0.223%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3012	−0.136%	$755K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3010	−0.189%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3008	−0.255%	$624K	$627K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3014	−0.050%	$19.4M	$11.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3011	−0.157%	$116K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3009	−0.210%	$16.6M	$49.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3007	−0.275%	$16.5M	$20.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3007	−0.281%	$63K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3009	−0.222%	$752K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3009	−0.222%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3010	−0.189%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3009	−0.222%	$5.9M	$6.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3008	−0.255%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3011	−0.166%	$996K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3002	−0.454%	$727K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3005	−0.343%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3004	−0.388%	$160K	$308K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3014	−0.066%	$95K	$112K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3006	−0.322%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3013	−0.090%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3006	−0.311%	$2.2M	$488K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3035	+0.652%	$41K	—	3x	as long as short
Phoenix JUPlong	+0.0214%	1h	0.3016	long leg	$98K	$469K	10x
BloFin JUP-USDT	+0.0247%	4h	0.3005	−0.355%	$848K	$349K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3008	−0.259%	$75K	$60K	50x	as long as short